Bank Of Montreal $BMO Holdings Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,557,466 shares of the bank’s stock after purchasing an additional 5,304 shares during the quarter. Dimensional Fund Advisors LP owned 0.50% of Bank Of Montreal worth $463,354,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of BMO. True Wealth Design LLC acquired a new position in shares of Bank Of Montreal in the third quarter worth about $28,000. WFA of San Diego LLC purchased a new stake in shares of Bank Of Montreal in the 2nd quarter valued at approximately $28,000. Toth Financial Advisory Corp acquired a new position in Bank Of Montreal in the 3rd quarter worth approximately $52,000. Smartleaf Asset Management LLC grew its position in Bank Of Montreal by 107.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 407 shares of the bank’s stock worth $53,000 after purchasing an additional 211 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in Bank Of Montreal during the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BMO. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Weiss Ratings restated a “buy (b-)” rating on shares of Bank Of Montreal in a research report on Monday, December 29th. Raymond James Financial raised Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research note on Friday, February 13th. Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a research report on Friday, January 9th. Finally, National Bank Financial reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Bank Of Montreal presently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Stock Up 1.5%

Shares of Bank Of Montreal stock opened at $145.98 on Thursday. The stock has a 50-day simple moving average of $138.36 and a 200-day simple moving average of $130.00. Bank Of Montreal has a 52-week low of $85.40 and a 52-week high of $149.01. The firm has a market cap of $103.10 billion, a price-to-earnings ratio of 16.95, a P/E/G ratio of 0.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.16. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $6.73 billion. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 earnings per share. On average, equities research analysts expect that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank Of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, April 29th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank Of Montreal’s payout ratio is presently 56.56%.

Bank Of Montreal Profile

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.