Dynamic Technology Lab Private Ltd Invests $1.59 Million in Bank Of Montreal $BMO

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,270 shares of the bank’s stock, valued at approximately $1,593,000.

Several other institutional investors also recently modified their holdings of the business. Korea Investment CORP lifted its holdings in Bank Of Montreal by 18.5% in the fourth quarter. Korea Investment CORP now owns 488,726 shares of the bank’s stock valued at $63,553,000 after acquiring an additional 76,214 shares during the period. Wealthspire Advisors LLC lifted its holdings in Bank Of Montreal by 9.7% in the fourth quarter. Wealthspire Advisors LLC now owns 6,835 shares of the bank’s stock valued at $887,000 after acquiring an additional 605 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in Bank Of Montreal by 3.3% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 146,858 shares of the bank’s stock valued at $19,073,000 after acquiring an additional 4,689 shares during the period. HRT Financial LP lifted its holdings in Bank Of Montreal by 26.5% in the fourth quarter. HRT Financial LP now owns 6,731 shares of the bank’s stock valued at $873,000 after acquiring an additional 1,410 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in Bank Of Montreal by 28.4% in the fourth quarter. Orion Porfolio Solutions LLC now owns 14,646 shares of the bank’s stock valued at $1,901,000 after acquiring an additional 3,238 shares during the period. 45.82% of the stock is owned by hedge funds and other institutional investors.

Bank Of Montreal Price Performance

Shares of BMO stock opened at $168.29 on Friday. Bank Of Montreal has a 52-week low of $104.08 and a 52-week high of $169.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market capitalization of $117.87 billion, a P/E ratio of 17.86, a P/E/G ratio of 0.93 and a beta of 0.95. The stock has a 50 day moving average price of $154.08 and a 200 day moving average price of $142.09.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. The firm had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.Bank Of Montreal’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $2.62 EPS. As a group, sell-side analysts predict that Bank Of Montreal will post 11.82 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be paid a dividend of $1.71 per share. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. This represents a $6.84 annualized dividend and a yield of 4.1%. Bank Of Montreal’s dividend payout ratio (DPR) is presently 50.96%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BMO. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. National Bank Financial reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Barclays reaffirmed an “underweight” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Finally, Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Bank Of Montreal presently has an average rating of “Hold” and an average price target of $163.00.

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.