Callan Family Office LLC Makes New $1.38 Million Investment in Bank Of Montreal $BMO

Callan Family Office LLC bought a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the 2nd quarter, Holdings Channel reports. The firm bought 7,810 shares of the bank’s stock, valued at approximately $1,380,000.

A number of other large investors also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. acquired a new position in Bank Of Montreal in the 2nd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Bank Of Montreal during the 4th quarter worth $29,000. Larson Financial Group LLC lifted its holdings in shares of Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after buying an additional 196 shares in the last quarter. WFA of San Diego LLC acquired a new stake in shares of Bank Of Montreal during the second quarter worth $28,000. Finally, Western Wealth Management LLC acquired a new stake in shares of Bank Of Montreal during the first quarter worth $38,000. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Performance

NYSE:BMO opened at $174.34 on Monday. The stock has a fifty day moving average price of $177.66 and a 200-day moving average price of $158.42. The company has a market cap of $121.54 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.07 and a beta of 0.94. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. Bank Of Montreal has a fifty-two week low of $112.58 and a fifty-two week high of $187.22.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same period in the prior year, the firm posted $2.62 EPS. Bank Of Montreal’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities analysts anticipate that Bank Of Montreal will post 10.49 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be given a dividend of $1.71 per share. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, July 30th. Bank Of Montreal’s dividend payout ratio (DPR) is currently 51.06%.

Analyst Upgrades and Downgrades

Several research firms recently commented on BMO. Desjardins restated a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Weiss Ratings cut shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Keefe, Bruyette & Woods initiated coverage on shares of Bank Of Montreal in a report on Friday. They issued an “outperform” rating for the company. Canadian Imperial Bank of Commerce lowered shares of Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 18th. Finally, TD Securities reaffirmed a “buy” rating on shares of Bank Of Montreal in a report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $163.00.

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.