OMERS ADMINISTRATION Corp Takes $217.45 Million Position in Bank Of Montreal $BMO

OMERS ADMINISTRATION Corp acquired a new position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,230,715 shares of the bank’s stock, valued at approximately $217,447,000. Bank Of Montreal comprises 1.3% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 19th biggest holding. OMERS ADMINISTRATION Corp owned about 0.18% of Bank Of Montreal as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of BMO. Jefferies Financial Group Inc. lifted its stake in Bank Of Montreal by 6,300.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 479,492 shares of the bank’s stock valued at $62,233,000 after acquiring an additional 472,000 shares during the period. Andra AP fonden purchased a new position in shares of Bank Of Montreal during the first quarter worth $3,979,000. Tacita Capital Inc purchased a new position in shares of Bank Of Montreal during the second quarter worth $1,518,000. Bank of Nova Scotia acquired a new position in Bank Of Montreal during the second quarter valued at $920,002,000. Finally, Deutsche Bank AG acquired a new position in Bank Of Montreal during the second quarter valued at $235,791,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. TD Securities reaffirmed a “buy” rating on shares of Bank Of Montreal in a research report on Wednesday, August 12th. Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a report on Friday. Desjardins reaffirmed a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Weiss Ratings cut Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Keefe, Bruyette & Woods began coverage on Bank Of Montreal in a report on Friday. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Bank Of Montreal presently has an average rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Stock Down 0.1%

BMO stock opened at $174.34 on Monday. Bank Of Montreal has a one year low of $112.58 and a one year high of $187.22. 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 firm’s fifty day moving average is $177.66 and its 200 day moving average is $158.42. The firm has a market cap of $121.54 billion, a PE ratio of 18.51, a P/E/G ratio of 1.07 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter in the prior year, the firm posted $2.62 earnings per share. The company’s revenue was up 10.2% compared to the same quarter last year. On average, research analysts forecast that Bank Of Montreal will post 10.49 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. 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 3.9%. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio (DPR) is presently 51.06%.

Bank Of Montreal Company 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.