Heck Capital Advisors LLC Makes New $602,000 Investment in Bank Of Montreal $BMO

Heck Capital Advisors LLC acquired a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,636 shares of the bank’s stock, valued at approximately $602,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. AQR Capital Management LLC lifted its position in Bank Of Montreal by 87.1% in the 1st quarter. AQR Capital Management LLC now owns 5,742 shares of the bank’s stock valued at $548,000 after acquiring an additional 2,673 shares in the last quarter. Choreo LLC increased its holdings in Bank Of Montreal by 21.2% during the 2nd quarter. Choreo LLC now owns 2,640 shares of the bank’s stock worth $292,000 after purchasing an additional 462 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Bank Of Montreal in the 2nd quarter valued at about $1,018,000. Invesco Ltd. lifted its holdings in shares of Bank Of Montreal by 4.9% in the second quarter. Invesco Ltd. now owns 1,061,370 shares of the bank’s stock valued at $117,419,000 after purchasing an additional 49,113 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Bank Of Montreal by 44.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,303 shares of the bank’s stock valued at $365,000 after purchasing an additional 1,021 shares in the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BMO has been the subject of a number of recent research reports. National Bank Financial reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Zacks Research upgraded shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank Of Montreal in a research report on Monday, December 29th. Raymond James Financial upgraded shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a report on Friday, February 13th. Finally, Wall Street Zen raised shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Bank Of Montreal Stock Performance

Shares of NYSE BMO opened at $136.25 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. The stock’s fifty day moving average price is $140.27 and its two-hundred day moving average price is $132.45. Bank Of Montreal has a one year low of $85.40 and a one year high of $149.01. The firm has a market cap of $95.99 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 0.88 and a beta of 0.92.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $6.73 billion. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.The company’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 earnings per share. On average, equities analysts forecast that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Dividend Announcement

The firm 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 $1.67 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $6.68 annualized dividend and a yield of 4.9%. Bank Of Montreal’s payout ratio is 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.