3,875 Shares in Bank Of Montreal $BMO Purchased by Silverlake Wealth Management LLC

Silverlake Wealth Management LLC acquired a new position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,875 shares of the bank’s stock, valued at approximately $685,000.

Other large investors have also modified their holdings of the company. Jefferies Financial Group Inc. lifted its stake in shares of Bank Of Montreal by 6,300.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 479,492 shares of the bank’s stock worth $62,233,000 after acquiring an additional 472,000 shares during the last quarter. Andra AP fonden bought a new position in Bank Of Montreal in the 1st quarter valued at $3,979,000. Vanguard Group Inc. grew its position in Bank Of Montreal by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock valued at $4,287,878,000 after acquiring an additional 673,248 shares during the last quarter. Generali Asset Management SPA SGR increased its stake in Bank Of Montreal by 15.0% in the fourth quarter. Generali Asset Management SPA SGR now owns 86,672 shares of the bank’s stock worth $11,249,000 after purchasing an additional 11,320 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Bank Of Montreal by 2,127.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 349,694 shares of the bank’s stock worth $45,387,000 after purchasing an additional 333,994 shares during the period. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Up 0.9%

BMO opened at $185.75 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $176.43 and its two-hundred day moving average is $156.89. The company has a market capitalization of $129.49 billion, a P/E ratio of 19.72, a PEG ratio of 1.04 and a beta of 0.94. Bank Of Montreal has a 52 week low of $112.21 and a 52 week high of $185.86.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The business had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same period in the prior year, the business earned $2.62 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Analysts forecast that Bank Of Montreal will post 11.86 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be issued a $1.71 dividend. The ex-dividend date is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a dividend yield of 3.7%. Bank Of Montreal’s dividend payout ratio is presently 51.06%.

Analysts Set New Price Targets

BMO has been the subject of several research analyst reports. Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Weiss Ratings downgraded shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a report on Wednesday. Finally, Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Bank Of Montreal has an average rating of “Hold” and a consensus price target of $163.00.

Bank Of Montreal 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.