Bank Of Montreal $BMO Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 29.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,806 shares of the bank’s stock after buying an additional 37,029 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Bank Of Montreal were worth $21,480,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its position in Bank Of Montreal by 87.1% in the 1st quarter. AQR Capital Management LLC now owns 5,742 shares of the bank’s stock valued at $548,000 after acquiring an additional 2,673 shares during the period. Bank of New York Mellon Corp boosted its position in Bank Of Montreal by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 765,073 shares of the bank’s stock worth $84,640,000 after acquiring an additional 18,460 shares during the period. Savant Capital LLC boosted its position in Bank Of Montreal by 64.3% during the 2nd quarter. Savant Capital LLC now owns 6,348 shares of the bank’s stock worth $702,000 after acquiring an additional 2,485 shares during the period. Wedbush Securities Inc. grew its stake in shares of Bank Of Montreal by 4.5% in the second quarter. Wedbush Securities Inc. now owns 3,091 shares of the bank’s stock worth $342,000 after purchasing an additional 132 shares in the last quarter. Finally, Metis Global Partners LLC increased its holdings in shares of Bank Of Montreal by 7.2% during the second quarter. Metis Global Partners LLC now owns 27,667 shares of the bank’s stock valued at $3,066,000 after purchasing an additional 1,848 shares during the period. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BMO has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Bank Of Montreal in a research note on Monday, December 29th. TD Securities upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research report on Tuesday, January 27th. Wall Street Zen raised shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Scotiabank restated a “sector perform” rating on shares of Bank Of Montreal in a research report on Friday, January 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Bank Of Montreal presently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Stock Down 1.3%

BMO opened at $142.17 on Monday. Bank Of Montreal has a one year low of $85.40 and a one year high of $149.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock’s fifty day moving average is $138.85 and its 200-day moving average is $130.54. The company has a market capitalization of $100.41 billion, a PE ratio of 16.51, a P/E/G ratio of 0.98 and a beta of 0.92.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results 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 business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $6.73 billion. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $3.04 earnings per share. On average, equities analysts predict that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, April 29th will be issued a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio is presently 56.79%.

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.