Public Employees Retirement System of Ohio Invests $10.55 Million in Bank Of Montreal $BMO

Public Employees Retirement System of Ohio acquired a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 59,739 shares of the bank’s stock, valued at approximately $10,555,000.

A number of other institutional investors and hedge funds also recently modified their holdings of BMO. Edmond DE Rothschild Holding S.A. acquired a new stake in Bank Of Montreal during the second quarter worth about $28,000. WFA of San Diego LLC bought a new stake in shares of Bank Of Montreal during the 2nd quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Bank Of Montreal in the fourth quarter worth approximately $29,000. Larson Financial Group LLC increased its position in shares of Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after purchasing an additional 196 shares during the period. Finally, Western Wealth Management LLC bought a new stake in shares of Bank Of Montreal in the 1st quarter worth $38,000. 45.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on BMO. Weiss Ratings lowered Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Keefe, Bruyette & Woods initiated coverage on shares of Bank Of Montreal in a research report on Friday, August 21st. They issued an “outperform” rating on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bank Of Montreal in a report on Thursday. Canadian Imperial Bank of Commerce lowered shares of Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 18th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 26th. Five analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Stock Performance

BMO opened at $170.39 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The firm has a market cap of $118.79 billion, a PE ratio of 19.23, a P/E/G ratio of 1.02 and a beta of 0.94. The business has a fifty day simple moving average of $177.88 and a 200-day simple moving average of $159.69. Bank Of Montreal has a fifty-two week low of $118.66 and a fifty-two week high of $187.22.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, August 25th. The bank reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.13. Bank Of Montreal had a return on equity of 13.60% and a net margin of 11.72%.The company had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.94 billion. During the same period in the previous year, the firm earned $3.23 earnings per share. Bank Of Montreal’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts predict that Bank Of Montreal will post 10.76 EPS for the current fiscal year.

Bank Of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Friday, October 30th will be paid a $1.71 dividend. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. Bank Of Montreal’s dividend payout ratio (DPR) is currently 54.29%.

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.