Fifth Third Bancorp maintained its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,280 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Bank Of Montreal were worth $1,067,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of Bank Of Montreal by 10.4% in the third quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the company’s stock valued at $140,000 after buying an additional 200 shares during the last quarter. Hudock Capital Group LLC raised its stake in shares of Bank Of Montreal by 0.3% in the second quarter. Hudock Capital Group LLC now owns 2,633 shares of the company’s stock valued at $166,000 after buying an additional 9 shares during the last quarter. Compagnie Lombard Odier SCmA raised its stake in shares of Bank Of Montreal by 12.8% in the third quarter. Compagnie Lombard Odier SCmA now owns 3,085 shares of the company’s stock valued at $202,000 after buying an additional 350 shares during the last quarter. Commerce Bank purchased a new stake in shares of Bank Of Montreal during the third quarter valued at approximately $210,000. Finally, Northern Capital Management LLC purchased a new stake in shares of Bank Of Montreal during the third quarter valued at approximately $226,000. 47.82% of the stock is owned by institutional investors and hedge funds.
Bank Of Montreal (NYSE:BMO) opened at 77.54 on Friday. The stock has a market capitalization of $50.25 billion, a P/E ratio of 14.72 and a beta of 1.06. Bank Of Montreal has a 52-week low of $50.97 and a 52-week high of $77.81. The company’s 50-day moving average price is $75.00 and its 200 day moving average price is $68.20.
Bank Of Montreal (NYSE:BMO) last posted its earnings results on Tuesday, December 6th. The company reported $2.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.25. The company earned $5.28 billion during the quarter. Bank Of Montreal had a return on equity of 13.38% and a net margin of 17.99%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 EPS. On average, equities research analysts predict that Bank Of Montreal will post $5.94 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 1st will be issued a dividend of $0.6549 per share. The ex-dividend date is Monday, January 30th. This represents a $2.62 dividend on an annualized basis and a yield of 3.38%. Bank Of Montreal’s dividend payout ratio is currently 50.19%.
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Several analysts recently commented on the company. Zacks Investment Research lowered Bank Of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, February 7th. BMO Capital Markets reaffirmed an “in-line” rating on shares of Bank Of Montreal in a report on Friday, January 20th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $97.00 price objective (up previously from $86.00) on shares of Bank Of Montreal in a report on Wednesday, December 7th. Canaccord Genuity raised Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Wednesday, December 7th. Finally, Credit Suisse Group raised Bank Of Montreal from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 23rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $86.91.
About Bank Of Montreal
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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