O Shaughnessy Asset Management LLC Acquires 8,148 Shares of Bank Of Montreal $BMO

O Shaughnessy Asset Management LLC grew its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,805 shares of the bank’s stock after purchasing an additional 8,148 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Bank Of Montreal were worth $21,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. CenterBook Partners LP boosted its stake in shares of Bank Of Montreal by 147.2% during the fourth quarter. CenterBook Partners LP now owns 14,048 shares of the bank’s stock valued at $1,823,000 after purchasing an additional 8,366 shares during the period. Manchester Capital Management LLC increased its stake in Bank Of Montreal by 94.3% in the 4th quarter. Manchester Capital Management LLC now owns 1,387 shares of the bank’s stock worth $180,000 after buying an additional 673 shares during the period. Fiera Capital Corp lifted its holdings in Bank Of Montreal by 0.4% during the 4th quarter. Fiera Capital Corp now owns 3,981,598 shares of the bank’s stock valued at $517,251,000 after buying an additional 14,378 shares in the last quarter. Syon Capital LLC lifted its holdings in Bank Of Montreal by 10.6% during the 4th quarter. Syon Capital LLC now owns 7,795 shares of the bank’s stock valued at $1,012,000 after buying an additional 747 shares in the last quarter. Finally, Tacita Capital Inc boosted its position in Bank Of Montreal by 3.5% in the 4th quarter. Tacita Capital Inc now owns 8,656 shares of the bank’s stock valued at $1,125,000 after buying an additional 289 shares during the period. 45.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BMO has been the topic of several research analyst reports. Desjardins reissued a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Weiss Ratings raised Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 28th. National Bank Financial reissued a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. TD Securities restated a “buy” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Finally, Scotiabank upgraded Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Bank Of Montreal has a consensus rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Stock Up 0.2%

NYSE:BMO opened at $164.64 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a twelve month low of $104.08 and a twelve month high of $166.55. The company has a market cap of $115.32 billion, a PE ratio of 17.48, a P/E/G ratio of 0.92 and a beta of 0.95. The company’s 50 day moving average is $151.50 and its two-hundred day moving average is $140.97.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The business had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same period in the prior year, the company earned $2.62 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Analysts anticipate that Bank Of Montreal will post 11.82 EPS for the current year.

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be paid a $1.71 dividend. The ex-dividend date is Thursday, July 30th. This represents a $6.84 annualized dividend and a dividend yield of 4.2%. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio (DPR) is presently 50.96%.

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.