6,270 Shares in Bank Of Montreal $BMO Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC acquired a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,270 shares of the bank’s stock, valued at approximately $891,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. WFA of San Diego LLC bought a new stake in shares of Bank Of Montreal in the 2nd quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Bank Of Montreal in the 4th quarter valued at about $29,000. Larson Financial Group LLC grew its position in Bank Of Montreal by 466.7% in the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after acquiring an additional 196 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Bank Of Montreal in the fourth quarter worth about $34,000. Finally, Western Wealth Management LLC purchased a new stake in Bank Of Montreal during the first quarter valued at approximately $38,000. 45.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings lowered Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Desjardins restated a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Zacks Research downgraded Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. TD Securities reaffirmed a “buy” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Finally, Scotiabank reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Trading Up 0.6%

BMO opened at $180.90 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $173.73 and its two-hundred day moving average is $154.76. The company has a market capitalization of $126.41 billion, a P/E ratio of 19.20, a PEG ratio of 1.01 and a beta of 0.94. Bank Of Montreal has a 52 week low of $112.12 and a 52 week high of $184.21.

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

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be issued 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 (DPR) is presently 51.06%.

About Bank Of Montreal

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.