Swiss Life Asset Management Ltd Has $13.03 Million Position in Bank Of Montreal $BMO

Swiss Life Asset Management Ltd boosted its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 17.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,874 shares of the bank’s stock after acquiring an additional 14,494 shares during the period. Swiss Life Asset Management Ltd’s holdings in Bank Of Montreal were worth $13,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Bank Of Montreal by 0.5% during the third quarter. Vanguard Group Inc. now owns 32,343,957 shares of the bank’s stock worth $4,214,676,000 after purchasing an additional 149,944 shares during the period. Canerector Inc. raised its position in shares of Bank Of Montreal by 18,035.0% in the third quarter. Canerector Inc. now owns 22,668,750 shares of the bank’s stock valued at $2,952,605,000 after purchasing an additional 22,543,750 shares during the period. TD Asset Management Inc raised its position in shares of Bank Of Montreal by 10.3% in the third quarter. TD Asset Management Inc now owns 19,079,026 shares of the bank’s stock valued at $2,486,691,000 after purchasing an additional 1,789,188 shares during the period. Norges Bank acquired a new stake in shares of Bank Of Montreal during the 2nd quarter worth about $1,184,220,000. Finally, CIBC Asset Management Inc lifted its stake in shares of Bank Of Montreal by 17.3% during the 3rd quarter. CIBC Asset Management Inc now owns 7,260,160 shares of the bank’s stock worth $949,441,000 after buying an additional 1,070,546 shares during the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BMO shares. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Wall Street Zen upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Bank Of Montreal in a report on Monday, December 29th. Zacks Research raised Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 19th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bank Of Montreal has a consensus rating of “Moderate Buy” and an average price target of $163.00.

Bank Of Montreal Stock Performance

NYSE BMO opened at $133.85 on Friday. The firm has a 50-day moving average price of $140.27 and a two-hundred day moving average price of $131.85. Bank Of Montreal has a 12-month low of $85.40 and a 12-month high of $149.01. The company has a market capitalization of $94.53 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.94 and a beta of 0.92. 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 (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, topping the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $6.73 billion. During the same period last year, the firm earned $3.04 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Analysts anticipate that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, April 29th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio (DPR) is 56.79%.

Bank Of Montreal 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.