Teachers Retirement System of The State of Kentucky Lowers Stake in Bank Of Montreal (BMO)

Teachers Retirement System of The State of Kentucky reduced its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 8.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,000 shares of the bank’s stock after selling 20,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Bank Of Montreal were worth $16,005,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of Nova Scotia raised its stake in shares of Bank Of Montreal by 3.1% in the first quarter. Bank of Nova Scotia now owns 16,561,393 shares of the bank’s stock valued at $1,237,062,000 after buying an additional 490,813 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Bank Of Montreal by 4.5% in the first quarter. Vanguard Group Inc. now owns 13,844,325 shares of the bank’s stock valued at $1,035,417,000 after buying an additional 602,298 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of Bank Of Montreal by 12.8% in the first quarter. Acadian Asset Management LLC now owns 6,920,805 shares of the bank’s stock valued at $515,459,000 after buying an additional 783,569 shares in the last quarter. Norges Bank purchased a new stake in shares of Bank Of Montreal during the fourth quarter valued at about $426,590,000. Finally, Mackenzie Financial Corp raised its stake in shares of Bank Of Montreal by 1.0% in the first quarter. Mackenzie Financial Corp now owns 3,003,915 shares of the bank’s stock valued at $224,663,000 after buying an additional 28,788 shares in the last quarter. 47.66% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Bank Of Montreal (NYSE:BMO)

Shares of Bank Of Montreal (NYSE BMO) traded up 0.20% during mid-day trading on Friday, reaching $70.81. The company’s stock had a trading volume of 583,240 shares. The company has a 50-day moving average price of $69.03 and a 200 day moving average price of $73.03. The company has a market cap of $46.17 billion, a PE ratio of 11.86 and a beta of 1.02. Bank Of Montreal has a 52-week low of $60.93 and a 52-week high of $78.00.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings data on Wednesday, May 24th. The bank reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.05. Bank Of Montreal had a return on equity of 14.25% and a net margin of 19.60%. The company had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same quarter in the previous year, the business earned $1.73 EPS. Bank Of Montreal’s revenue was up 12.5% compared to the same quarter last year. Equities analysts expect that Bank Of Montreal will post $5.99 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Investors of record on Tuesday, August 1st will be issued a dividend of $0.6616 per share. This represents a $2.65 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend is Friday, July 28th. Bank Of Montreal’s payout ratio is currently 43.85%.

TRADEMARK VIOLATION WARNING: “Teachers Retirement System of The State of Kentucky Lowers Stake in Bank Of Montreal (BMO)” was first reported by BBNS and is the sole property of of BBNS. If you are viewing this piece on another domain, it was copied illegally and reposted in violation of international copyright & trademark laws. The legal version of this piece can be accessed at https://baseballnewssource.com/markets/teachers-retirement-system-of-the-state-of-kentucky-lowers-stake-in-bank-of-montreal-bmo/1083698.html.

BMO has been the subject of several research reports. Citigroup Inc. raised Bank Of Montreal from a “neutral” rating to a “buy” rating in a research note on Thursday, May 18th. Scotiabank raised Bank Of Montreal from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, March 1st. TD Securities raised Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. They noted that the move was a valuation call. Zacks Investment Research lowered Bank Of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. Finally, Barclays PLC raised Bank Of Montreal from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $88.38.

Bank Of Montreal Company Profile

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.

Receive News & Ratings for Bank Of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Of Montreal and related companies with our FREE daily email newsletter.

 


Latest News

Hitters in Major League Baseball on Record Home Run Pace
Hitters in Major League Baseball on Record Home Run Pace
Atlanta Considering Playing Freddie Freeman at Third
Atlanta Considering Playing Freddie Freeman at Third
Injury to Gleyber Torres Adds to Questions About Yankees
Injury to Gleyber Torres Adds to Questions About Yankees
Game Winning Home Run Completes Nolan Arenado Cycle
Game Winning Home Run Completes Nolan Arenado Cycle
New York Yankees and Masahiro Tanaka Hit Hard Again
New York Yankees and Masahiro Tanaka Hit Hard Again
Victor Martinez Diagnosed with Irregular Heartbeat
Victor Martinez Diagnosed with Irregular Heartbeat


Leave a Reply

 
© 2006-2017 BBNS.