Pictet Asset Management Holding SA Grows Stock Position in Bank Of Montreal $BMO

Pictet Asset Management Holding SA boosted its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 1.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 401,756 shares of the bank’s stock after buying an additional 4,973 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Bank Of Montreal were worth $52,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BMO. True Wealth Design LLC purchased a new stake in Bank Of Montreal in the third quarter worth $28,000. WFA of San Diego LLC purchased a new stake in Bank Of Montreal in the second quarter worth $28,000. Larson Financial Group LLC increased its position in Bank Of Montreal by 466.7% in the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after buying an additional 196 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in Bank Of Montreal in the fourth quarter worth $34,000. Finally, Sunbelt Securities Inc. purchased a new stake in Bank Of Montreal in the third quarter worth $42,000. 45.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Raymond James Financial raised Bank Of Montreal from a “market perform” rating to an “outperform” rating in a report on Friday, February 13th. Scotiabank reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a report on Friday, January 9th. Wall Street Zen raised Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Barclays lowered Bank Of Montreal from an “equal weight” rating to an “underweight” rating in a report on Friday, March 20th. Finally, TD Securities raised Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Trading Down 0.6%

Shares of BMO stock opened at $151.41 on Wednesday. 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 has a 52-week low of $93.77 and a 52-week high of $154.48. The company has a market capitalization of $106.12 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.98 and a beta of 0.92. The business’s fifty day moving average is $142.65 and its 200 day moving average is $134.77.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Wednesday, February 25th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter last year, the business posted $3.04 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Bank Of Montreal will post 10.2 EPS for the current fiscal year.

Bank Of Montreal Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, April 29th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio is currently 56.56%.

About Bank Of Montreal

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.