2,182 Shares in Bank of Montreal (NYSE:BMO) Bought by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC purchased a new position in Bank of Montreal (NYSE:BMO) (TSE:BMO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,182 shares of the bank’s stock, valued at approximately $212,000.

Several other large investors also recently bought and sold shares of the business. Toronto Dominion Bank increased its position in Bank of Montreal by 14.9% in the third quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank’s stock worth $1,065,474,000 after purchasing an additional 1,534,508 shares during the last quarter. FMR LLC increased its position in Bank of Montreal by 14.2% in the third quarter. FMR LLC now owns 5,046,721 shares of the bank’s stock worth $455,397,000 after purchasing an additional 625,797 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Bank of Montreal by 2.5% during the third quarter. The Manufacturers Life Insurance Company now owns 4,793,309 shares of the bank’s stock valued at $432,823,000 after acquiring an additional 114,909 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Bank of Montreal by 261.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank’s stock valued at $383,449,000 after acquiring an additional 3,074,389 shares during the last quarter. Finally, Fiera Capital Corp increased its position in Bank of Montreal by 7.2% during the fourth quarter. Fiera Capital Corp now owns 3,701,814 shares of the bank’s stock valued at $358,991,000 after acquiring an additional 248,096 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BMO shares. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Royal Bank of Canada boosted their price objective on shares of Bank of Montreal from $161.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. Finally, Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Bank of Montreal currently has a consensus rating of “Moderate Buy” and an average target price of $128.40.

Bank of Montreal Trading Down 1.2 %

NYSE BMO opened at $98.21 on Friday. The company’s 50-day moving average price is $99.44 and its 200-day moving average price is $94.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $71.58 billion, a PE ratio of 14.07, a PEG ratio of 1.43 and a beta of 1.07. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $106.00.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Tuesday, February 25th. The bank reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $1.68 by $1.36. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The firm had revenue of $9.27 billion for the quarter, compared to analysts’ expectations of $8.58 billion. During the same period in the prior year, the business posted $2.56 earnings per share. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. 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 disclosed 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. This represents a $4.44 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio (DPR) is presently 57.09%.

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.