Bank of Montreal (NYSE:BMO) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC boosted its position in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 13.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,474 shares of the bank’s stock after purchasing an additional 287 shares during the quarter. Lindbrook Capital LLC’s holdings in Bank of Montreal were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Bank of Montreal by 2.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 226,741 shares of the bank’s stock valued at $22,545,000 after buying an additional 4,837 shares during the last quarter. Wealth Alliance acquired a new position in Bank of Montreal in the 4th quarter valued at $240,000. Mackenzie Financial Corp raised its holdings in Bank of Montreal by 5.4% in the 4th quarter. Mackenzie Financial Corp now owns 14,495,589 shares of the bank’s stock valued at $1,435,002,000 after acquiring an additional 738,579 shares during the last quarter. Triasima Portfolio Management inc. lifted its stake in shares of Bank of Montreal by 18.9% during the 4th quarter. Triasima Portfolio Management inc. now owns 486,421 shares of the bank’s stock worth $48,219,000 after purchasing an additional 77,285 shares during the period. Finally, Sapient Capital LLC acquired a new stake in shares of Bank of Montreal during the fourth quarter worth $249,000. 45.82% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Montreal Trading Up 0.9 %

Shares of BMO opened at $92.96 on Tuesday. Bank of Montreal has a twelve month low of $73.98 and a twelve month high of $100.12. The firm has a market capitalization of $67.79 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.76 and a beta of 1.13. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $94.20 and its 200 day simple moving average is $89.96.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, February 27th. The bank reported $1.90 EPS for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.34). Bank of Montreal had a return on equity of 11.89% and a net margin of 7.40%. The firm had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $6.34 billion. On average, equities research analysts forecast that Bank of Montreal will post 8.94 earnings per share for the current year.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, April 29th will be paid a dividend of $1.1172 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.11. This represents a $4.47 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Friday, April 26th. Bank of Montreal’s payout ratio is currently 62.02%.

Analyst Upgrades and Downgrades

BMO has been the subject of several analyst reports. Barclays began coverage on Bank of Montreal in a research note on Wednesday, March 20th. They issued an “overweight” rating for the company. StockNews.com raised shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. Finally, Jefferies Financial Group initiated coverage on shares of Bank of Montreal in a report on Thursday, February 22nd. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Bank of Montreal presently has a consensus rating of “Moderate Buy” and an average price target of $131.00.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.