Bank Of Montreal $BMO Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV decreased its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 66.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,395 shares of the bank’s stock after selling 18,405 shares during the quarter. Resources Management Corp CT ADV’s holdings in Bank Of Montreal were worth $1,219,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. WFA of San Diego LLC acquired a new position in shares of Bank Of Montreal during the second quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Bank Of Montreal during the fourth quarter valued at $29,000. Larson Financial Group LLC boosted its holdings in shares of Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Bank Of Montreal during the fourth quarter valued at about $34,000. Finally, Swiss RE Ltd. bought a new stake in shares of Bank Of Montreal during the fourth quarter valued at about $38,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank Of Montreal Price Performance

Shares of NYSE BMO opened at $168.29 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm’s 50-day simple moving average is $154.08 and its 200 day simple moving average is $142.23. Bank Of Montreal has a fifty-two week low of $104.08 and a fifty-two week high of $169.35. The stock has a market cap of $117.87 billion, a P/E ratio of 17.86, a P/E/G ratio of 0.94 and a beta of 0.95.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The firm had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.98 billion. During the same period in the previous year, the business earned $2.62 earnings per share. Bank Of Montreal’s revenue for the quarter was up 10.2% compared to the same quarter last year. Equities analysts expect that Bank Of Montreal will post 11.82 EPS for the current year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.1%. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. Bank Of Montreal’s dividend payout ratio (DPR) is presently 50.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. National Bank Financial restated a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Scotiabank upgraded shares of Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, June 1st. Finally, Barclays restated an “underweight” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $163.00.

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.