Bank of Montreal (NYSE:BMO) Shares Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 19.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,320 shares of the bank’s stock after acquiring an additional 1,715 shares during the quarter. Vise Technologies Inc.’s holdings in Bank of Montreal were worth $1,002,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc increased its holdings in shares of Bank of Montreal by 179.5% during the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock valued at $30,000 after acquiring an additional 201 shares in the last quarter. Addison Advisors LLC increased its holdings in shares of Bank of Montreal by 282.8% during the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock valued at $32,000 after acquiring an additional 246 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in Bank of Montreal in the fourth quarter valued at approximately $39,000. Dunhill Financial LLC purchased a new stake in Bank of Montreal in the fourth quarter valued at approximately $39,000. Finally, First Horizon Advisors Inc. boosted its position in 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. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank of Montreal Trading Up 0.3%

Bank of Montreal stock opened at $103.90 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $106.00. The stock’s 50 day simple moving average is $96.36 and its two-hundred day simple moving average is $97.42. The firm has a market cap of $75.23 billion, a PE ratio of 14.89, a P/E/G ratio of 1.43 and a beta of 1.03.

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

Bank of Montreal Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be given a $1.1094 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.44 annualized dividend and a yield of 4.27%. Bank of Montreal’s dividend payout ratio is presently 57.35%.

Analysts Set New Price Targets

A number of brokerages recently commented on BMO. Wall Street Zen upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada upped their target price on Bank of Montreal from $161.00 to $163.00 and gave the company an “outperform” rating in a research report on Wednesday, February 26th. CIBC reiterated a “neutral” rating on shares of Bank of Montreal in a research report on Tuesday. Cibc World Mkts lowered Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Scotiabank began coverage on Bank of Montreal in a research report on Thursday, May 15th. They issued a “sector perform” rating on the stock. Ten investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.