2,972 Shares in Bank Of Montreal $BMO Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC bought a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the 2nd quarter, Holdings Channel reports. The firm bought 2,972 shares of the bank’s stock, valued at approximately $525,000.

Several other hedge funds have also bought and sold shares of BMO. State of Wyoming purchased a new stake in Bank Of Montreal in the second quarter worth about $1,353,000. Bridgewater Advisors Inc. purchased a new position in shares of Bank Of Montreal during the 2nd quarter valued at about $424,000. Redhawk Wealth Advisors Inc. lifted its position in shares of Bank Of Montreal by 3.2% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 10,791 shares of the bank’s stock valued at $1,907,000 after buying an additional 333 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of Bank Of Montreal by 11.0% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 114,582 shares of the bank’s stock valued at $20,245,000 after acquiring an additional 11,400 shares during the period. Finally, Apella Capital LLC bought a new position in shares of Bank Of Montreal during the 2nd quarter valued at approximately $206,000. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Performance

Shares of NYSE BMO opened at $185.44 on Tuesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The company has a market cap of $129.28 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.04 and a beta of 0.94. The firm’s fifty day moving average is $176.84 and its two-hundred day moving average is $157.37. Bank Of Montreal has a 52-week low of $112.21 and a 52-week high of $187.22.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, beating the consensus estimate of $2.54 by $0.14. The business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.62 EPS. As a group, analysts anticipate that Bank Of Montreal will post 11.86 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be given 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 3.7%. The ex-dividend date is Thursday, July 30th. Bank Of Montreal’s dividend payout ratio (DPR) is presently 51.06%.

Analyst Upgrades and Downgrades

BMO has been the topic of a number of recent analyst reports. TD Securities restated a “buy” rating on shares of Bank Of Montreal in a research note on Wednesday, August 12th. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Raymond James Financial reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Zacks Research downgraded shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Desjardins restated a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.