Bank Of Montreal $BMO Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. grew its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 2.0% during the second quarter, Holdings Channel reports. The firm owned 6,350,903 shares of the bank’s stock after purchasing an additional 123,387 shares during the quarter. Bank Of Montreal comprises about 3.0% of TD Waterhouse Canada Inc.’s holdings, making the stock its 4th largest position. TD Waterhouse Canada Inc.’s holdings in Bank Of Montreal were worth $1,128,680,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Bank Of Montreal in the second quarter valued at approximately $28,000. WFA of San Diego LLC purchased a new stake in Bank Of Montreal during the 2nd quarter worth approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in Bank Of Montreal during the 4th quarter worth approximately $29,000. Larson Financial Group LLC increased its stake in Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after buying an additional 196 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in Bank Of Montreal during the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank Of Montreal Stock Down 0.0%

Shares of NYSE:BMO opened at $172.06 on Friday. Bank Of Montreal has a fifty-two week low of $118.66 and a fifty-two week high of $187.22. The firm’s 50 day moving average price is $177.93 and its 200 day moving average price is $159.41. The company has a quick ratio of 1.02, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. The stock has a market cap of $119.95 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a net margin of 11.72% and a return on equity of 13.60%. The company had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter in the previous year, the business posted $2.62 EPS. The firm’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts predict that Bank Of Montreal will post 10.76 earnings per share for the current fiscal year.

Bank Of Montreal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 26th. Stockholders of record on Friday, October 30th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s dividend payout ratio (DPR) is presently 54.29%.

Analyst Upgrades and Downgrades

BMO has been the subject of several recent research reports. Canadian Imperial Bank of Commerce cut shares of Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 18th. Barclays reaffirmed an “underweight” rating on shares of Bank Of Montreal in a research report on Friday, August 21st. Scotiabank reiterated an “outperform” rating on shares of Bank Of Montreal in a research note on Wednesday. Weiss Ratings lowered Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, Raymond James Financial reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.