24,489 Shares in Bank Of Montreal $BMO Purchased by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 24,489 shares of the bank’s stock, valued at approximately $4,327,000.

Several other institutional investors have also recently bought and sold shares of BMO. Edmond DE Rothschild Holding S.A. acquired a new position in Bank Of Montreal during the 2nd quarter worth approximately $28,000. WFA of San Diego LLC bought a new stake in shares of Bank Of Montreal in the second quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Bank Of Montreal in the fourth quarter worth $29,000. Larson Financial Group LLC boosted its holdings in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after purchasing an additional 196 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in Bank Of Montreal during the first quarter worth $38,000. Institutional investors own 45.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a research note on Friday. Zacks Research downgraded shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Scotiabank restated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, June 16th. Canadian Imperial Bank of Commerce downgraded Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 18th. Finally, Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Price Performance

NYSE:BMO opened at $174.34 on Monday. The stock has a market capitalization 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 has a 1-year low of $112.58 and a 1-year high of $187.22. The firm has a fifty day simple moving average of $177.66 and a 200 day simple moving average of $158.42. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.14. The firm had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.62 earnings per share. On average, research analysts expect that Bank Of Montreal will post 10.49 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, July 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s payout ratio is currently 51.06%.

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.