Bank Of Montreal $BMO Shares Sold by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lowered its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,694 shares of the bank’s stock after selling 276 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Bank Of Montreal were worth $162,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. North Star Asset Management Inc. boosted its position in Bank Of Montreal by 1.2% during the fourth quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank’s stock worth $817,000 after acquiring an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in Bank Of Montreal by 2.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank’s stock worth $451,000 after acquiring an additional 120 shares during the last quarter. Wealth Alliance LLC boosted its position in Bank Of Montreal by 1.8% during the first quarter. Wealth Alliance LLC now owns 8,146 shares of the bank’s stock worth $778,000 after acquiring an additional 142 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Bank Of Montreal by 228.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $26,000 after acquiring an additional 190 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its position in Bank Of Montreal by 5.4% during the first quarter. Sequoia Financial Advisors LLC now owns 3,797 shares of the bank’s stock worth $363,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

Wall Street Analyst Weigh In

BMO has been the topic of a number of recent analyst reports. Barclays downgraded shares of Bank Of Montreal from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 9th. CIBC raised shares of Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, September 5th. Wall Street Zen downgraded shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Cowen reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Bank Of Montreal currently has an average rating of “Moderate Buy” and a consensus target price of $168.00.

Bank Of Montreal Stock Performance

Shares of BMO stock opened at $129.90 on Wednesday. The company’s fifty day simple moving average is $116.77 and its 200-day simple moving average is $106.20. Bank Of Montreal has a 52 week low of $85.40 and a 52 week high of $130.05. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. The company has a market cap of $93.06 billion, a PE ratio of 15.90, a P/E/G ratio of 1.31 and a beta of 1.04.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its earnings results on Tuesday, August 26th. The bank reported $2.33 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.21. Bank Of Montreal had a net margin of 11.00% and a return on equity of 10.57%. The business had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $8.84 billion. During the same quarter last year, the firm posted $2.64 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be paid a dividend of $1.63 per share. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.18. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $6.52 annualized dividend and a yield of 5.0%. Bank Of Montreal’s payout ratio is presently 58.63%.

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.