Kepler Cheuvreux Suisse SA Invests $4.45 Million in Bank Of Montreal $BMO

Kepler Cheuvreux Suisse SA acquired a new position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 4th quarter, Holdings Channel reports. The fund acquired 34,266 shares of the bank’s stock, valued at approximately $4,447,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Code Waechter LLC lifted its stake in shares of Bank Of Montreal by 1.7% during the fourth quarter. Code Waechter LLC now owns 4,486 shares of the bank’s stock worth $582,000 after buying an additional 75 shares during the period. Allworth Financial LP lifted its stake in shares of Bank Of Montreal by 4.6% during the third quarter. Allworth Financial LP now owns 2,121 shares of the bank’s stock worth $276,000 after buying an additional 94 shares during the period. Choreo LLC lifted its stake in shares of Bank Of Montreal by 3.6% during the third quarter. Choreo LLC now owns 2,735 shares of the bank’s stock worth $356,000 after buying an additional 95 shares during the period. United Capital Financial Advisors LLC lifted its stake in shares of Bank Of Montreal by 4.0% during the third quarter. United Capital Financial Advisors LLC now owns 2,619 shares of the bank’s stock worth $341,000 after buying an additional 101 shares during the period. Finally, Signaturefd LLC lifted its position in Bank Of Montreal by 1.0% during the fourth quarter. Signaturefd LLC now owns 10,714 shares of the bank’s stock valued at $1,391,000 after purchasing an additional 105 shares during the period. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BMO. Weiss Ratings restated a “buy (b)” rating on shares of Bank Of Montreal in a research report on Friday, April 17th. Jefferies Financial Group restated a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. National Bank Financial restated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. TD Securities upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research report on Tuesday, January 27th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Bank Of Montreal in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Trading Down 0.0%

Shares of Bank Of Montreal stock opened at $152.87 on Monday. The firm has a 50-day simple moving average of $143.49 and a two-hundred day simple moving average of $135.67. The company has a market cap of $107.14 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 0.98 and a beta of 0.94. Bank Of Montreal has a fifty-two week low of $99.19 and a fifty-two week high of $156.00. 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 (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $6.73 billion. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 earnings per share. As a group, equities analysts predict that Bank Of Montreal will post 10.25 earnings per share for the current fiscal year.

Bank Of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, April 29th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 4.4%. Bank Of Montreal’s payout ratio is currently 55.75%.

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.