Healthcare of Ontario Pension Plan Trust Fund Has $473.31 Million Position in Bank Of Montreal $BMO

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 7.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,495,672 shares of the bank’s stock after purchasing an additional 228,210 shares during the period. Bank Of Montreal accounts for approximately 0.8% of Healthcare of Ontario Pension Plan Trust Fund’s portfolio, making the stock its 24th biggest holding. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Bank Of Montreal were worth $473,306,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Hilltop Holdings Inc. boosted its stake in Bank Of Montreal by 6.6% during the 1st quarter. Hilltop Holdings Inc. now owns 2,448 shares of the bank’s stock valued at $331,000 after purchasing an additional 151 shares during the period. Morningstar Investment Management LLC increased its position in Bank Of Montreal by 11.5% in the 1st quarter. Morningstar Investment Management LLC now owns 10,675 shares of the bank’s stock worth $1,446,000 after buying an additional 1,104 shares during the period. Compound Planning Inc. increased its position in Bank Of Montreal by 12.9% in the 1st quarter. Compound Planning Inc. now owns 9,660 shares of the bank’s stock worth $1,307,000 after buying an additional 1,105 shares during the period. Modern Wealth Management LLC lifted its holdings in shares of Bank Of Montreal by 39.0% during the first quarter. Modern Wealth Management LLC now owns 2,430 shares of the bank’s stock worth $333,000 after buying an additional 682 shares during the last quarter. Finally, Dickmeyer Boyce Financial Management Inc. acquired a new position in shares of Bank Of Montreal during the first quarter worth approximately $924,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank Of Montreal Trading Up 0.7%

Shares of BMO stock opened at $177.84 on Friday. Bank Of Montreal has a 52-week low of $109.64 and a 52-week high of $184.21. The stock has a market cap of $124.56 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 0.99 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a fifty day moving average of $170.52 and a 200-day moving average of $152.04.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. The company had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period last year, the firm earned $2.62 EPS. On average, equities research analysts forecast that Bank Of Montreal will post 11.82 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be paid a $1.71 dividend. The ex-dividend date is Thursday, July 30th. This represents a $6.84 annualized dividend and a dividend yield of 3.8%. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio is currently 51.06%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BMO. Raymond James Financial restated an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. TD Securities restated a “buy” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Finally, Weiss Ratings downgraded shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $163.00.

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.