Heck Capital Advisors LLC Makes New $602,000 Investment in Bank Of Montreal $BMO

Heck Capital Advisors LLC purchased a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,636 shares of the bank’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. True Wealth Design LLC acquired a new position in shares of Bank Of Montreal during the 3rd quarter worth $28,000. Larson Financial Group LLC boosted its stake in Bank Of Montreal by 466.7% in the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after buying an additional 196 shares in the last quarter. WFA of San Diego LLC acquired a new stake in Bank Of Montreal in the second quarter valued at about $28,000. Sunbelt Securities Inc. bought a new position in Bank Of Montreal in the third quarter valued at about $42,000. Finally, Toth Financial Advisory Corp acquired a new position in Bank Of Montreal during the third quarter worth about $52,000. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Down 0.6%

NYSE:BMO opened at $136.25 on Friday. Bank Of Montreal has a 12 month low of $85.40 and a 12 month high of $149.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $95.99 billion, a price-to-earnings ratio of 15.82, a PEG ratio of 0.88 and a beta of 0.92. The firm has a fifty day simple moving average of $140.27 and a two-hundred day simple moving average of $132.45.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share (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 business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same quarter in the prior year, the company earned $3.04 earnings per share. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, April 29th will be paid a dividend of $1.67 per share. The ex-dividend date is Wednesday, April 29th. This represents a $6.68 annualized dividend and a yield of 4.9%. Bank Of Montreal’s dividend payout ratio (DPR) is 56.56%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Raymond James Financial upgraded shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research report on Friday, February 13th. Scotiabank reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research note on Friday, January 9th. TD Securities upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, January 27th. Jefferies Financial Group reiterated a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Bank Of Montreal in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bank Of Montreal presently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

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.