Mn Services Vermogensbeheer B.V. Acquires 2,400 Shares of Bank of Montreal (NYSE:BMO)

Mn Services Vermogensbeheer B.V. boosted its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 157,500 shares of the bank’s stock after purchasing an additional 2,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Bank of Montreal were worth $15,282,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. IFP Advisors Inc grew its holdings in shares of Bank of Montreal by 179.5% in the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock valued at $30,000 after acquiring an additional 201 shares in the last quarter. Addison Advisors LLC boosted its position in Bank of Montreal by 282.8% during the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock valued at $32,000 after purchasing an additional 246 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Bank of Montreal in the third quarter valued at approximately $45,000. First Horizon Advisors Inc. increased its position in shares of Bank of Montreal by 140.9% during the 4th quarter. First Horizon Advisors Inc. now owns 612 shares of the bank’s stock worth $59,000 after purchasing an additional 358 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Bank of Montreal by 207.8% during the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after purchasing an additional 451 shares in the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank of Montreal Trading Down 0.9 %

Shares of NYSE:BMO opened at $103.03 on Friday. Bank of Montreal has a 12-month low of $76.98 and a 12-month high of $106.00. The business has a 50 day moving average of $99.09 and a 200-day moving average of $93.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $75.10 billion, a PE ratio of 14.76, a P/E/G ratio of 1.43 and a beta of 1.09.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $1.36. The business had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $8.58 billion. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 EPS. As a group, equities research analysts forecast that Bank of Montreal will post 7.71 earnings per share for the current year.

Bank of Montreal Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a $1.1094 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.44 annualized dividend and a dividend yield of 4.31%. Bank of Montreal’s dividend payout ratio (DPR) is presently 63.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. StockNews.com raised shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Friday. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada upped their price objective on Bank of Montreal from $161.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Bank of Montreal has a consensus rating of “Moderate Buy” and an average target price of $128.40.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.