Bank Of Montreal $BMO Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd raised its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 90.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,177 shares of the bank’s stock after purchasing an additional 3,413 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Bank Of Montreal were worth $945,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BMO. WFA of San Diego LLC bought a new position in Bank Of Montreal in the 2nd quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Bank Of Montreal during the 4th quarter valued at $29,000. Larson Financial Group LLC raised its stake in Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares in the last quarter. Flagship Harbor Advisors LLC acquired a new position in Bank Of Montreal during the 4th quarter worth $34,000. Finally, Swiss RE Ltd. acquired a new position in Bank Of Montreal during the 4th quarter worth $38,000. Institutional investors own 45.82% of the company’s stock.

Analyst Ratings Changes

BMO has been the topic of a number of research analyst reports. TD Securities reissued a “buy” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Barclays reaffirmed an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Weiss Ratings upgraded shares of Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, July 8th. Zacks Research cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Bank Of Montreal has a consensus rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Stock Up 0.4%

Shares of BMO stock opened at $178.76 on Wednesday. Bank Of Montreal has a 1 year low of $109.64 and a 1 year high of $184.21. 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 business’s fifty day moving average is $168.96 and its 200-day moving average is $151.20. The stock has a market cap of $125.20 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.00 and a beta of 0.93.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the prior year, the firm posted $2.62 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Equities analysts expect that Bank Of Montreal will post 11.82 earnings per share for the current fiscal 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 issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Thursday, July 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio is currently 51.06%.

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.