5,051 Shares in Bank Of Montreal $BMO Bought by Hsbc Holdings PLC

Hsbc Holdings PLC bought a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 5,051 shares of the bank’s stock, valued at approximately $678,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. grew its position in Bank Of Montreal by 6,300.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 479,492 shares of the bank’s stock valued at $62,233,000 after acquiring an additional 472,000 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bank Of Montreal by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock valued at $4,287,878,000 after acquiring an additional 673,248 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Bank Of Montreal by 2,127.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 349,694 shares of the bank’s stock valued at $45,387,000 after purchasing an additional 333,994 shares in the last quarter. Generali Asset Management SPA SGR boosted its stake in shares of Bank Of Montreal by 15.0% in the 4th quarter. Generali Asset Management SPA SGR now owns 86,672 shares of the bank’s stock valued at $11,249,000 after purchasing an additional 11,320 shares in the last quarter. Finally, Intech Investment Management LLC grew its holdings in shares of Bank Of Montreal by 69.5% in the 4th quarter. Intech Investment Management LLC now owns 233,814 shares of the bank’s stock worth $30,405,000 after purchasing an additional 95,886 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Up 2.0%

Shares of NYSE:BMO opened at $178.76 on Friday. Bank Of Montreal has a 12 month low of $109.64 and a 12 month high of $184.21. The company’s 50-day moving average price is $172.27 and its two-hundred day moving average price is $153.45. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The firm has a market cap of $125.20 billion, a P/E ratio of 18.98, a P/E/G ratio of 0.98 and a beta of 0.93.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating 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 firm had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter last year, the company posted $2.62 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts forecast that Bank Of Montreal will post 11.82 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be issued a $1.71 dividend. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, July 30th. Bank Of Montreal’s dividend payout ratio (DPR) is 51.06%.

Analyst Upgrades and Downgrades

BMO has been the subject of several analyst reports. Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Desjardins reaffirmed a “hold” 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 research note on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $163.00.

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.