2 weeks Ago By ABMN Staff
The Manufacturers Life Insurance Company decreased its stake in Bank of Montreal ( NYSE:BMO – Free Report ) (TSE:BMO) by 3.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,678,400 shares of the bank’s stock after selling 186,224 shares during the quarter.
The Manufacturers Life Insurance Company owned approximately 0.64% of Bank of Montreal worth $392,117,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock.
APG Asset Management N.V. boosted its position in Bank of Montreal by 232.
4% in the 2nd quarter. APG Asset Management N.V.
now owns 83,240 shares of the bank’s stock worth $6,518,000 after purchasing an additional 58,200 shares in the last quarter. AXA S.A.
lifted its stake in shares of Bank of Montreal by 1,448.8% in the 2nd quarter. AXA S.
A. now owns 113,992 shares of the bank’s stock valued at $9,558,000 after purchasing an additional 106,632 shares during the period. Squarepoint Ops LLC boosted its holdings in Bank of Montreal by 415.
6% during the second quarter. Squarepoint Ops LLC now owns 28,567 shares of the bank’s stock worth $2,395,000 after buying an additional 23,026 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Bank of Montreal by 138.
4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,851,629 shares of the bank’s stock valued at $407,282,000 after buying an additional 2,816,385 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Bank of Montreal by 137.
7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,481 shares of the bank’s stock valued at $125,000 after buying an additional 858 shares in the last quarter. 45.
82% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes BMO has been the topic of a number of analyst reports. Keefe, Bruyette & Woods cut Bank of Montreal from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $137.
00 to $124.00 in a research report on Monday, June 3rd. TD Securities lowered Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th.
Bank of America cut Bank of Montreal from a “buy” rating to a “neutral” rating and cut their price objective for the company from $134.00 to $117.00 in a research report on Wednesday, August 28th.
StockNews.com lowered Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Finally, Scotiabank cut shares of Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and dropped their price target for the company from $123.
00 to $112.00 in a research note on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company.
According to MarketBeat, Bank of Montreal has an average rating of “Hold” and a consensus target price of $119.75. Bank of Montreal Price Performance Shares of Bank of Montreal stock opened at $90.
77 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.
98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $85.
04 and a two-hundred day simple moving average of $88.75. The stock has a market capitalization of $66.
21 billion, a P/E ratio of 15.08, a PEG ratio of 2.48 and a beta of 1.
11. Bank of Montreal has a 12 month low of $73.98 and a 12 month high of $100.
12. Bank of Montreal ( NYSE:BMO – Get Free Report ) (TSE:BMO) last announced its quarterly earnings data on Tuesday, August 27th. The bank reported $2.
64 earnings per share for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.12).
Bank of Montreal had a net margin of 8.50% and a return on equity of 11.23%.
The firm had revenue of $8.21 billion during the quarter, compared to analysts’ expectations of $8.25 billion.
During the same quarter in the previous year, the business posted $2.08 EPS. The company’s revenue for the quarter was up .
2% on a year-over-year basis. As a group, analysts predict that Bank of Montreal will post 8.06 EPS for the current fiscal year.
Bank of Montreal Cuts Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, October 30th will be given a dividend of $1.123 per share.
The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $4.49 dividend on an annualized basis and a yield of 4.
95%. Bank of Montreal’s payout ratio is presently 75.25%.
Bank of Montreal Profile ( Free Report ) Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments.
The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. See Also Want to see what other hedge funds are holding BMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Montreal ( NYSE:BMO – Free Report ) (TSE:BMO).
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