Silver Lake Advisory LLC Sells 9,523 Shares of Bank Of Montreal $BMO

Silver Lake Advisory LLC lowered its stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 33.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,858 shares of the bank’s stock after selling 9,523 shares during the period. Silver Lake Advisory LLC’s holdings in Bank Of Montreal were worth $2,456,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Bank Of Montreal during the 2nd quarter valued at $1,184,220,000. Public Sector Pension Investment Board grew its holdings in Bank Of Montreal by 2,986.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,170,118 shares of the bank’s stock valued at $240,009,000 after buying an additional 2,099,800 shares in the last quarter. Canada Pension Plan Investment Board increased its position in shares of Bank Of Montreal by 66.5% during 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 buying an additional 1,469,084 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bank Of Montreal by 3.9% in the second quarter. Vanguard Group Inc. now owns 32,194,013 shares of the bank’s stock worth $3,567,773,000 after buying an additional 1,196,237 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Bank Of Montreal by 19.2% in the second quarter. Geode Capital Management LLC now owns 5,842,134 shares of the bank’s stock valued at $655,674,000 after acquiring an additional 939,156 shares during the period. 45.82% of the stock is owned by institutional investors.

Bank Of Montreal Stock Up 0.4%

NYSE BMO opened at $130.30 on Wednesday. Bank Of Montreal has a 1 year low of $85.40 and a 1 year high of $132.96. The stock has a market capitalization of $92.41 billion, a PE ratio of 15.97, a PEG ratio of 1.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. The business’s 50-day moving average is $125.91 and its 200 day moving average is $120.46.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Thursday, December 4th. The bank reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.20. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.51 billion. Bank Of Montreal had a return on equity of 11.76% and a net margin of 11.13%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.90 earnings per share. Sell-side analysts forecast that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Friday, January 30th will be paid a $1.67 dividend. The ex-dividend date of this dividend is Friday, January 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.63. This represents a $6.68 dividend on an annualized basis and a yield of 5.1%. Bank Of Montreal’s payout ratio is currently 57.35%.

Analyst Ratings Changes

A number of analysts recently weighed in on BMO shares. Wall Street Zen raised shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Scotiabank reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. UBS Group reiterated a “neutral” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. Royal Bank Of Canada downgraded Bank Of Montreal from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $168.00 to $163.00 in a research report on Friday, October 3rd. Finally, Cibc World Mkts upgraded Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $163.00.

Bank Of Montreal Company Profile

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.