1 week Ago By Defense World Staff
Orion Portfolio Solutions LLC boosted its holdings in shares of Bank of Montreal ( NYSE:BMO – Free Report ) (TSE:BMO) by 77.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,443 shares of the bank’s stock after purchasing an additional 3,672 shares during the period.
Orion Portfolio Solutions LLC’s holdings in Bank of Montreal were worth $819,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFP Advisors Inc boosted its holdings in shares of Bank of Montreal by 179.
5% during the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock valued at $30,000 after buying an additional 201 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Bank of Montreal by 282.
8% during the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock valued at $32,000 after acquiring an additional 246 shares in the last quarter. Vision Financial Markets LLC purchased a new position in shares of Bank of Montreal in the 4th quarter worth about $39,000.
Wilmington Savings Fund Society FSB purchased a new stake in Bank of Montreal during the 3rd quarter valued at about $45,000. Finally, First Horizon Advisors Inc. increased its stake in Bank of Montreal by 140.
9% during the 4th quarter. First Horizon Advisors Inc. now owns 612 shares of the bank’s stock valued at $59,000 after purchasing an additional 358 shares in the last quarter.
Institutional investors own 45.82% of the company’s stock. Analyst Upgrades and Downgrades A number of analysts have recently issued reports on the stock.
Cibc World Mkts downgraded shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a report on Friday. Royal Bank of Canada increased their price target on Bank of Montreal from $161.00 to $163.
00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. StockNews.com raised Bank of Montreal from a “sell” rating to a “hold” rating in a report on Friday, February 28th.
Finally, CIBC cut Bank of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Friday. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $128.
40. Bank of Montreal Trading Down 7.1 % BMO stock opened at $89.
27 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.
98 and a quick ratio of 0.98. Bank of Montreal has a 1-year low of $76.
98 and a 1-year high of $106.00. The business has a 50 day simple moving average of $98.
79 and a two-hundred day simple moving average of $96.28. The company has a market capitalization of $64.
90 billion, a price-to-earnings ratio of 12.79, a PEG ratio of 1.43 and a beta of 0.
95. Bank of Montreal ( NYSE:BMO – Get Free Report ) (TSE:BMO) last posted its earnings results on Tuesday, February 25th. The bank reported $3.
04 earnings per share for the quarter, beating the consensus estimate of $1.68 by $1.36.
The company had revenue of $9.27 billion during the quarter, compared to analysts’ expectations of $8.58 billion.
Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%.
Bank of Montreal’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the company posted $2.
56 earnings per share. Research analysts anticipate that Bank of Montreal will post 7.71 EPS for the current fiscal year.
Bank of Montreal Cuts Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a dividend of $1.1094 per share.
This represents a $4.44 dividend on an annualized basis and a yield of 4.97%.
The ex-dividend date is Tuesday, April 29th. Bank of Montreal’s payout ratio is presently 57.09%.
Bank of Montreal Company 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. Featured Stories Five stocks we like better than Bank of Montreal 5 discounted opportunities for dividend growth investors Newsmax’s IPO Whiplash: Meme Stock Hype or Growth Potential? What Are Dividends? Buy the Best Dividend Stocks Disney 2025 Shareholders: Major Updates for Investors Short Selling – The Pros and Cons Advance Auto Parts Stock: A Classic Rebound Play in the Making 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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