Bank Of Montreal $BMO Stock Holdings Reduced by Rempart Asset Management Inc.

Rempart Asset Management Inc. decreased its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 207,665 shares of the bank’s stock after selling 14,105 shares during the period. Bank Of Montreal comprises approximately 5.1% of Rempart Asset Management Inc.’s portfolio, making the stock its 6th biggest holding. Rempart Asset Management Inc.’s holdings in Bank Of Montreal were worth $26,985,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BMO. Vanguard Group Inc. grew its stake in Bank Of Montreal by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,343,957 shares of the bank’s stock worth $4,214,676,000 after acquiring an additional 149,944 shares during the period. Canerector Inc. lifted its stake in shares of Bank Of Montreal by 18,035.0% in the 3rd 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 in the last quarter. TD Asset Management Inc grew its holdings in shares of Bank Of Montreal by 10.3% during the 3rd quarter. TD Asset Management Inc now owns 19,079,026 shares of the bank’s stock worth $2,486,691,000 after purchasing an additional 1,789,188 shares during the period. Norges Bank purchased a new stake in shares of Bank Of Montreal during the 2nd quarter worth about $1,184,220,000. Finally, CIBC Asset Management Inc grew its holdings 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 purchasing an additional 1,070,546 shares during the period. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on BMO shares. National Bank Financial reissued a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank Of Montreal in a research note on Monday, December 29th. Raymond James Financial raised shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research note on Friday, February 13th. Finally, Barclays lowered shares of Bank Of Montreal from an “equal weight” rating to an “underweight” rating in a report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $163.00.

Bank Of Montreal Price Performance

BMO opened at $137.11 on Thursday. Bank Of Montreal has a twelve month low of $85.40 and a twelve month high of $149.01. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm has a market cap of $96.84 billion, a price-to-earnings ratio of 15.92, a PEG ratio of 0.94 and a beta of 0.92. The company has a fifty day simple moving average of $140.50 and a 200 day simple moving average of $132.17.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings data on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $6.73 billion. During the same period in the prior year, the company posted $3.04 EPS. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts expect that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, April 29th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $6.68 annualized dividend and a yield of 4.9%. Bank Of Montreal’s dividend payout ratio is currently 56.56%.

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.