Bank of Montreal (NYSE:BMO) Shares Acquired by PDS Planning Inc

PDS Planning Inc grew its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 8.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,747 shares of the bank’s stock after buying an additional 305 shares during the period. PDS Planning Inc’s holdings in Bank of Montreal were worth $364,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc raised its position in shares of Bank of Montreal by 179.5% in the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock valued at $30,000 after buying an additional 201 shares during the last quarter. Addison Advisors LLC raised its position in shares of Bank of Montreal by 282.8% in the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock valued at $32,000 after buying an additional 246 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Bank of Montreal in the fourth quarter valued at about $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bank of Montreal in the third quarter valued at about $45,000. Finally, First Horizon Advisors Inc. raised its position in shares of Bank of Montreal by 140.9% in the fourth quarter. First Horizon Advisors Inc. now owns 612 shares of the bank’s stock valued at $59,000 after buying an additional 358 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank of Montreal Trading Down 0.4 %

Shares of BMO stock opened at $97.60 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market cap of $71.14 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07. The company has a 50-day moving average of $99.48 and a two-hundred day moving average of $95.18. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $106.00.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share for the quarter, topping the consensus estimate of $1.68 by $1.36. The company had revenue of $9.27 billion during the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. Bank of Montreal’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. On average, analysts predict that Bank of Montreal will post 7.71 EPS for the current year.

Bank of Montreal Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be paid a $1.1094 dividend. This represents a $4.44 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal’s payout ratio is 57.09%.

Analyst Ratings Changes

Several research firms recently issued reports on BMO. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada raised their price objective on shares of Bank of Montreal from $161.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $128.40.

Bank of Montreal 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.