Winthrop Capital Management LLC Invests $120,000 in Bank Of Montreal $BMO

Winthrop Capital Management LLC acquired a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,089 shares of the bank’s stock, valued at approximately $120,000.

Other hedge funds have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its position in Bank Of Montreal by 228.9% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Bank Of Montreal by 40.0% during the second quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank’s stock worth $39,000 after purchasing an additional 100 shares in the last quarter. Harbor Asset Planning Inc. purchased a new position in shares of Bank Of Montreal in the second quarter valued at approximately $39,000. Bayforest Capital Ltd acquired a new position in shares of Bank Of Montreal in the first quarter valued at approximately $34,000. Finally, Vision Financial Markets LLC increased its stake in Bank Of Montreal by 100.0% during the 2nd quarter. Vision Financial Markets LLC now owns 400 shares of the bank’s stock worth $44,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BMO. Weiss Ratings reissued a “buy (b)” rating on shares of Bank Of Montreal in a research report on Wednesday, October 8th. CIBC upgraded Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, September 5th. UBS Group reiterated a “neutral” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Cibc World Mkts upgraded Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $163.00.

Bank Of Montreal Stock Performance

NYSE:BMO opened at $123.57 on Friday. Bank Of Montreal has a 12 month low of $85.40 and a 12 month high of $131.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $88.03 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04. The business’s fifty day moving average price is $126.80 and its 200 day moving average price is $114.81.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The business had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $8.84 billion. During the same period in the prior year, the firm posted $2.64 EPS. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be paid a $1.63 dividend. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.18. This represents a $6.52 annualized dividend and a yield of 5.3%. The ex-dividend date is Thursday, October 30th. Bank Of Montreal’s payout ratio is currently 57.28%.

Bank Of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.