Susquehanna Fundamental Investments LLC Purchases 198,600 Shares of Bank Of Montreal $BMO

Susquehanna Fundamental Investments LLC increased its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 222.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,700 shares of the bank’s stock after buying an additional 198,600 shares during the quarter. Bank Of Montreal accounts for 1.0% of Susquehanna Fundamental Investments LLC’s portfolio, making the stock its 21st largest position. Susquehanna Fundamental Investments LLC’s holdings in Bank Of Montreal were worth $50,837,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Asset Management Inc lifted its holdings in shares of Bank Of Montreal by 1.5% in the 4th quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank’s stock worth $2,519,180,000 after acquiring an additional 293,575 shares during the last quarter. FIL Ltd increased its holdings in shares of Bank Of Montreal by 15.2% in the fourth quarter. FIL Ltd now owns 9,445,162 shares of the bank’s stock worth $1,226,622,000 after buying an additional 1,245,500 shares during the period. Norges Bank bought a new stake in shares of Bank Of Montreal in the 4th quarter valued at about $1,059,320,000. Canada Pension Plan Investment Board purchased a new stake in Bank Of Montreal during the 2nd quarter valued at about $1,281,220,000. Finally, Geode Capital Management LLC grew its position in Bank Of Montreal by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 7,030,219 shares of the bank’s stock worth $932,242,000 after acquiring an additional 442,812 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Wall Street Analyst Weigh In

BMO has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bank Of Montreal in a research note on Thursday. Canadian Imperial Bank of Commerce lowered shares of Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, August 18th. Scotiabank reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Wednesday. Barclays restated an “underweight” rating on shares of Bank Of Montreal in a report on Friday, August 21st. Finally, Raymond James Financial reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Stock Up 0.1%

NYSE:BMO opened at $172.06 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. The firm’s 50-day moving average price is $177.93 and its 200-day moving average price is $159.51. The company has a market capitalization of $119.95 billion, a PE ratio of 19.42, a P/E/G ratio of 1.02 and a beta of 0.94. Bank Of Montreal has a 1-year low of $118.66 and a 1-year high of $187.22.

Bank Of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 26th. Shareholders of record on Friday, October 30th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s dividend payout ratio is 54.29%.

Bank Of Montreal Company 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.