Bank Of Montreal $BMO Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. raised its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 12.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 36,879 shares of the bank’s stock after acquiring an additional 3,963 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Bank Of Montreal were worth $4,789,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Larson Financial Group LLC raised its holdings in shares of Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares during the last quarter. WFA of San Diego LLC acquired a new position in shares of Bank Of Montreal during the second quarter valued at approximately $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Bank Of Montreal in the fourth quarter valued at approximately $34,000. Sunbelt Securities Inc. acquired a new stake in shares of Bank Of Montreal in the third quarter valued at approximately $42,000. Finally, Bayforest Capital Ltd increased its holdings in shares of Bank Of Montreal by 669.6% in the fourth quarter. Bayforest Capital Ltd now owns 354 shares of the bank’s stock valued at $46,000 after purchasing an additional 308 shares during the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank Of Montreal Price Performance

NYSE:BMO opened at $157.91 on Thursday. The stock has a 50 day moving average price of $145.01 and a 200 day moving average price of $137.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market cap of $110.68 billion, a PE ratio of 18.34, a P/E/G ratio of 0.99 and a beta of 0.94. Bank Of Montreal has a one year low of $102.70 and a one year high of $158.64.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.16. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $6.73 billion. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.04 earnings per share. Equities research analysts expect that Bank Of Montreal will post 10.23 EPS for the current fiscal year.

Bank Of Montreal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, April 29th will be paid a dividend of $1.67 per share. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $6.68 annualized dividend and a yield of 4.2%. Bank Of Montreal’s dividend payout ratio (DPR) is 55.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on BMO shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank Of Montreal in a report on Friday, April 17th. National Bank Financial reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Finally, TD Securities raised Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, January 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.