Bank of Montreal (NYSE:BMO) (TSE:BMO) has received an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $108.33.
A number of equities research analysts have recently commented on BMO shares. Macquarie upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating in a report on Thursday, February 15th. Zacks Investment Research upgraded shares of Bank of Montreal from a “hold” rating to a “buy” rating and set a $87.00 price target on the stock in a report on Tuesday, February 6th.
Several large investors have recently bought and sold shares of the company. Elkfork Partners LLC purchased a new stake in Bank of Montreal in the fourth quarter worth approximately $155,000. Sei Investments Co. boosted its holdings in Bank of Montreal by 6,400.0% in the third quarter. Sei Investments Co. now owns 2,015 shares of the bank’s stock worth $174,000 after purchasing an additional 1,984 shares during the last quarter. Zions Bancorporation boosted its holdings in Bank of Montreal by 3,656.5% in the third quarter. Zions Bancorporation now owns 2,329 shares of the bank’s stock worth $176,000 after purchasing an additional 2,267 shares during the last quarter. Icon Wealth Partners LLC purchased a new stake in Bank of Montreal in the fourth quarter worth approximately $195,000. Finally, Advisory Services Network LLC boosted its holdings in Bank of Montreal by 77.5% in the fourth quarter. Advisory Services Network LLC now owns 2,551 shares of the bank’s stock worth $204,000 after purchasing an additional 1,114 shares during the last quarter. Hedge funds and other institutional investors own 43.96% of the company’s stock.
Shares of NYSE:BMO traded down $0.67 during trading on Friday, reaching $75.47. 492,458 shares of the stock traded hands, compared to its average volume of 409,332. Bank of Montreal has a 52-week low of $66.75 and a 52-week high of $84.71. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.17. The stock has a market cap of $49,150.75, a price-to-earnings ratio of 12.09, a PEG ratio of 1.61 and a beta of 1.07.
Bank of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Tuesday, February 27th. The bank reported $1.68 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.02. Bank of Montreal had a net margin of 16.69% and a return on equity of 13.85%. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $5.45 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The business’s revenue for the quarter was up .4% on a year-over-year basis. sell-side analysts anticipate that Bank of Montreal will post 6.82 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, May 28th. Stockholders of record on Tuesday, May 1st will be issued a dividend of $0.755 per share. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.73. The ex-dividend date is Monday, April 30th. This represents a $3.02 dividend on an annualized basis and a dividend yield of 4.00%. Bank of Montreal’s dividend payout ratio is presently 46.96%.
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Bank of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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