Bank Of Montreal $BMO Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC grew its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,616 shares of the bank’s stock after purchasing an additional 112 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Bank Of Montreal were worth $289,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Bank Of Montreal by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 30,997,776 shares of the bank’s stock valued at $2,960,102,000 after purchasing an additional 503,027 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Bank Of Montreal by 213.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,259,505 shares of the bank’s stock valued at $406,825,000 after purchasing an additional 2,899,061 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Bank Of Montreal by 8.3% in the first quarter. JPMorgan Chase & Co. now owns 3,938,484 shares of the bank’s stock valued at $376,165,000 after purchasing an additional 303,496 shares in the last quarter. Fiera Capital Corp grew its position in shares of Bank Of Montreal by 4.4% in the first quarter. Fiera Capital Corp now owns 3,864,901 shares of the bank’s stock valued at $369,445,000 after purchasing an additional 163,087 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Bank Of Montreal by 66.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,676,637 shares of the bank’s stock valued at $351,154,000 after purchasing an additional 1,469,084 shares in the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Up 0.5%

Shares of NYSE BMO opened at $124.23 on Friday. The stock has a market capitalization of $88.50 billion, a PE ratio of 15.21, a PEG ratio of 1.28 and a beta of 1.03. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a twelve month low of $85.40 and a twelve month high of $131.36. The stock has a fifty day simple moving average of $126.31 and a 200-day simple moving average of $113.61.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Tuesday, August 26th. The bank reported $2.33 EPS for the quarter, topping the consensus estimate of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The firm had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $8.84 billion. During the same period in the previous year, the firm posted $2.64 EPS. Bank Of Montreal’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, equities analysts forecast that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be issued a $1.63 dividend. This represents a $6.52 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.18. Bank Of Montreal’s dividend payout ratio (DPR) is presently 58.02%.

Analyst Upgrades and Downgrades

BMO has been the subject of a number of analyst reports. Cowen restated a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. Cibc World Mkts upgraded Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Bank Of Montreal in a research report on Wednesday, October 8th. National Bankshares restated an “outperform” rating on shares of Bank Of Montreal in a research report on Friday, August 15th. Finally, Royal Bank Of Canada cut Bank Of Montreal from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $168.00 to $163.00 in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.00.

About Bank Of Montreal

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.