Bank Of Montreal $BMO Shares Bought by Lombard Odier Asset Management Switzerland SA

Lombard Odier Asset Management Switzerland SA increased its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 350.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,196 shares of the bank’s stock after buying an additional 37,500 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Bank Of Montreal were worth $6,259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new position in shares of Bank Of Montreal in the 2nd quarter valued at about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Bank Of Montreal in the 4th quarter valued at about $29,000. Larson Financial Group LLC boosted its holdings in shares of Bank Of Montreal by 466.7% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after buying an additional 196 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Bank Of Montreal in the 4th quarter valued at about $34,000. Finally, Swiss RE Ltd. acquired a new position in Bank Of Montreal during the 4th quarter valued at approximately $38,000. 45.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BMO shares. Scotiabank restated an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday. TD Securities restated a “buy” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Zacks Research lowered Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings lowered Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Trading Up 0.7%

Bank Of Montreal stock opened at $169.56 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a 52-week low of $104.08 and a 52-week high of $170.98. The firm has a 50-day moving average price of $155.39 and a two-hundred day moving average price of $142.86. The firm has a market capitalization of $118.76 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 0.94 and a beta of 0.95.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced 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. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The company had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the previous year, the firm posted $2.62 EPS. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. Sell-side analysts expect that Bank Of Montreal will post 11.82 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be given a dividend of $1.71 per share. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. Bank Of Montreal’s payout ratio is presently 50.96%.

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.