OMERS ADMINISTRATION Corp Grows Stock Holdings in Bank Of Montreal $BMO

OMERS ADMINISTRATION Corp raised its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 9.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,244,155 shares of the bank’s stock after acquiring an additional 111,200 shares during the quarter. Bank Of Montreal makes up 1.2% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 27th largest position. OMERS ADMINISTRATION Corp owned 0.18% of Bank Of Montreal worth $161,788,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Bank Of Montreal by 4.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 21,501 shares of the bank’s stock valued at $2,791,000 after buying an additional 875 shares during the period. Mariner LLC increased its position in shares of Bank Of Montreal by 10.7% during the fourth quarter. Mariner LLC now owns 58,023 shares of the bank’s stock valued at $7,533,000 after buying an additional 5,608 shares during the period. Nicolet Advisory Services LLC increased its position in shares of Bank Of Montreal by 2.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 5,401 shares of the bank’s stock valued at $723,000 after buying an additional 145 shares during the period. Focus Partners Wealth increased its position in shares of Bank Of Montreal by 28.9% during the fourth quarter. Focus Partners Wealth now owns 12,552 shares of the bank’s stock valued at $1,629,000 after buying an additional 2,812 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Bank Of Montreal during the fourth quarter valued at about $476,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Up 0.0%

NYSE:BMO opened at $168.36 on Tuesday. Bank Of Montreal has a one year low of $104.08 and a one year high of $170.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. The company’s 50-day simple moving average is $154.72 and its 200 day simple moving average is $142.54. The firm has a market capitalization of $117.92 billion, a P/E ratio of 17.87, a PEG ratio of 0.94 and a beta of 0.95.

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

Bank Of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a yield of 4.1%. Bank Of Montreal’s payout ratio is presently 50.96%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BMO shares. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Jefferies Financial Group reiterated a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, May 12th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.