19,044 Shares in Bank Of Montreal $BMO Purchased by Cliftonlarsonallen Wealth Advisors LLC

Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 19,044 shares of the bank’s stock, valued at approximately $2,107,000.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in shares of Bank Of Montreal by 213.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 4,259,505 shares of the bank’s stock worth $406,825,000 after purchasing an additional 2,899,061 shares during the period. Canada Pension Plan Investment Board raised its stake in Bank Of Montreal by 66.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,676,637 shares of the bank’s stock worth $351,154,000 after buying an additional 1,469,084 shares in the last quarter. Nuveen LLC bought a new position in Bank Of Montreal in the first quarter worth approximately $52,070,000. Vanguard Group Inc. lifted its holdings in Bank Of Montreal by 1.6% during the first quarter. Vanguard Group Inc. now owns 30,997,776 shares of the bank’s stock worth $2,960,102,000 after buying an additional 503,027 shares during the period. Finally, Value Partners Investments Inc. boosted its position in Bank Of Montreal by 803.3% during the 1st quarter. Value Partners Investments Inc. now owns 508,135 shares of the bank’s stock valued at $48,573,000 after acquiring an additional 451,881 shares in the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on BMO shares. National Bankshares reissued an “outperform” rating on shares of Bank Of Montreal in a research report on Friday, August 15th. Barclays lowered Bank Of Montreal from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 9th. Cibc World Mkts upgraded shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Royal Bank Of Canada raised their price target on shares of Bank Of Montreal from $161.00 to $168.00 and gave the company an “outperform” rating in a report on Wednesday, August 27th. Finally, Cowen reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Bank Of Montreal currently has an average rating of “Moderate Buy” and an average price target of $168.00.

Bank Of Montreal Trading Up 0.2%

Shares of Bank Of Montreal stock opened at $130.48 on Thursday. The firm’s 50 day simple moving average is $120.26 and its two-hundred day simple moving average is $108.56. The firm has a market capitalization of $93.28 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.32 and a beta of 1.02. Bank Of Montreal has a 12-month low of $85.40 and a 12-month high of $131.36. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.21. Bank Of Montreal had a net margin of 11.00% and a return on equity of 10.57%. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $8.84 billion. During the same period in the previous year, the company earned $2.64 earnings per share. The business’s quarterly revenue was up 9.7% compared to the same quarter last year. Analysts predict that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be issued a $1.63 dividend. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.18. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 30th. Bank Of Montreal’s dividend payout ratio is currently 58.63%.

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.