Trust Co. of Vermont reduced its stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,946 shares of the bank’s stock after selling 25 shares during the period. Trust Co. of Vermont’s holdings in Bank Of Montreal were worth $363,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its stake in Bank Of Montreal by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,377 shares of the bank’s stock valued at $103,000 after buying an additional 23 shares during the period. BNP Paribas Arbitrage SA purchased a new stake in Bank Of Montreal during the first quarter valued at approximately $121,000. Signature Estate & Investment Advisors LLC purchased a new stake in Bank Of Montreal during the first quarter valued at approximately $150,000. Parallel Advisors LLC raised its stake in Bank Of Montreal by 5.0% in the first quarter. Parallel Advisors LLC now owns 2,071 shares of the bank’s stock valued at $145,000 after buying an additional 99 shares during the period. Finally, IHT Wealth Management LLC raised its stake in Bank Of Montreal by 38.7% in the first quarter. IHT Wealth Management LLC now owns 2,150 shares of the bank’s stock valued at $160,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 47.66% of the company’s stock.
Bank Of Montreal (NYSE BMO) opened at 76.14 on Friday. The stock has a market capitalization of $49.64 billion, a price-to-earnings ratio of 12.46 and a beta of 1.01. Bank Of Montreal has a 1-year low of $62.32 and a 1-year high of $78.00. The company has a 50-day moving average of $69.32 and a 200-day moving average of $73.05.
Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, May 24th. The bank reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.05. Bank Of Montreal had a net margin of 19.60% and a return on equity of 14.25%. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.26 billion. During the same period in the prior year, the company earned $1.73 earnings per share. The firm’s revenue was up 12.5% on a year-over-year basis. Analysts anticipate that Bank Of Montreal will post $6.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Tuesday, August 1st will be issued a dividend of $0.6616 per share. The ex-dividend date of this dividend is Friday, July 28th. This represents a $2.65 dividend on an annualized basis and a yield of 3.48%. Bank Of Montreal’s dividend payout ratio is currently 43.85%.
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Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Tuesday, July 4th. Zacks Investment Research upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Barclays PLC upgraded shares of Bank Of Montreal from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. Citigroup Inc. upgraded shares of Bank Of Montreal from a “neutral” rating to a “buy” rating in a research note on Thursday, May 18th. Finally, TD Securities upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Thursday, June 1st. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $88.38.
Bank Of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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