Healthcare of Ontario Pension Plan Trust Fund Sells 5,172 Shares of Bank Of Montreal $BMO

Healthcare of Ontario Pension Plan Trust Fund lowered its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,267,462 shares of the bank’s stock after selling 5,172 shares during the quarter. Bank Of Montreal comprises approximately 0.7% of Healthcare of Ontario Pension Plan Trust Fund’s portfolio, making the stock its 27th largest holding. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Bank Of Montreal were worth $424,377,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Bank Of Montreal in the fourth quarter worth $29,000. Larson Financial Group LLC increased its holdings in shares of 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 purchasing an additional 196 shares during the period. WFA of San Diego LLC bought a new position in shares of Bank Of Montreal in the second quarter worth $28,000. Flagship Harbor Advisors LLC bought a new position in shares of Bank Of Montreal in the fourth quarter worth $34,000. Finally, Swiss RE Ltd. bought a new position in shares of Bank Of Montreal in the fourth quarter worth $38,000. Institutional investors own 45.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Barclays reaffirmed an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Scotiabank raised shares of Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 1st. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Zacks Research cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Desjardins reaffirmed a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $163.00.

Bank Of Montreal Stock Up 1.0%

Shares of NYSE:BMO opened at $168.29 on Friday. Bank Of Montreal has a 52-week low of $104.08 and a 52-week high of $169.35. The firm has a fifty day moving average of $154.08 and a 200 day moving average of $142.09. The firm has a market capitalization of $117.87 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. 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 (NYSE:BMO) (TSE:BMO) last announced 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 net margin of 12.60% and a return on equity of 13.04%. The company had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period in the previous year, the business earned $2.62 earnings per share. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts anticipate that Bank Of Montreal will post 11.82 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be given a $1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.1%. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. Bank Of Montreal’s dividend payout ratio (DPR) is presently 50.96%.

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.