Mn Services Vermogensbeheer B.V. Buys 23,113 Shares of Bank Of Montreal $BMO

Mn Services Vermogensbeheer B.V. increased its stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,213 shares of the bank’s stock after purchasing an additional 23,113 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Bank Of Montreal were worth $21,484,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Canerector Inc. grew its stake in shares of Bank Of Montreal by 18,035.0% during the third quarter. Canerector Inc. now owns 22,668,750 shares of the bank’s stock worth $2,952,605,000 after buying an additional 22,543,750 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Bank Of Montreal by 2,986.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 2,170,118 shares of the bank’s stock valued at $240,009,000 after acquiring an additional 2,099,800 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Bank Of Montreal by 10.3% in the 3rd quarter. TD Asset Management Inc now owns 19,079,026 shares of the bank’s stock valued at $2,486,691,000 after acquiring an additional 1,789,188 shares during the last quarter. UBS Group AG boosted its holdings in shares of Bank Of Montreal by 155.3% during the 3rd quarter. UBS Group AG now owns 2,127,377 shares of the bank’s stock valued at $277,091,000 after acquiring an additional 1,294,169 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of Bank Of Montreal by 17.3% during the 3rd quarter. CIBC Asset Management Inc now owns 7,260,160 shares of the bank’s stock valued at $949,441,000 after acquiring an additional 1,070,546 shares in the last quarter. Institutional investors own 45.82% of the company’s stock.

Analysts Set New Price Targets

BMO has been the subject of a number of recent research reports. National Bank Financial reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Raymond James Financial raised Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research note on Friday, February 13th. Jefferies Financial Group restated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Barclays downgraded Bank Of Montreal from an “equal weight” rating to an “underweight” rating in a research note on Friday, March 20th. Finally, Zacks Research upgraded shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bank Of Montreal currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Stock Performance

NYSE BMO opened at $135.40 on Wednesday. The company has a market capitalization of $95.63 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 0.88 and a beta of 0.92. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a twelve month low of $85.40 and a twelve month high of $149.01. The stock has a fifty day simple moving average of $140.29 and a 200 day simple moving average of $132.39.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, topping the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same period in the previous year, the business earned $3.04 EPS. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Sell-side analysts expect that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank Of Montreal’s payout ratio is currently 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.