Bank Of Montreal $BMO Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 30.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,264 shares of the bank’s stock after selling 7,975 shares during the period. TD Private Client Wealth LLC’s holdings in Bank Of Montreal were worth $2,370,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. WFA of San Diego LLC acquired a new stake in shares of Bank Of Montreal during the 2nd quarter worth about $28,000. Larson Financial Group LLC increased its holdings in shares of Bank Of Montreal by 466.7% in the 3rd 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 purchased a new stake in shares of Bank Of Montreal in the fourth quarter valued at about $34,000. Sunbelt Securities Inc. purchased a new stake in Bank Of Montreal during the 3rd quarter valued at approximately $42,000. Finally, Bayforest Capital Ltd raised its stake in shares of Bank Of Montreal by 669.6% during the fourth quarter. Bayforest Capital Ltd now owns 354 shares of the bank’s stock worth $46,000 after purchasing an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Up 0.2%

Shares of NYSE BMO opened at $154.10 on Wednesday. The stock’s 50-day simple moving average is $144.69 and its 200-day simple moving average is $137.16. Bank Of Montreal has a 1 year low of $102.70 and a 1 year high of $156.00. The firm has a market cap of $108.01 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.87 and a beta of 0.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, beating 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 company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the business posted $3.04 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, equities analysts anticipate that Bank Of Montreal will post 11.57 earnings per share for the current fiscal year.

Bank Of Montreal Dividend Announcement

The company 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 4.3%. Bank Of Montreal’s dividend payout ratio is presently 55.75%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on BMO shares. Weiss Ratings restated a “buy (b)” rating on shares of Bank Of Montreal in a research report on Friday, April 17th. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Tuesday, January 27th. Finally, Zacks Research cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Bank Of Montreal currently has an average rating of “Hold” and an average price target 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.