MassMutual Private Wealth & Trust FSB Sells 127 Shares of Bank Of Montreal $BMO

MassMutual Private Wealth & Trust FSB decreased its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 17.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 586 shares of the bank’s stock after selling 127 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Bank Of Montreal were worth $65,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cary Street Partners Investment Advisory LLC boosted its position in shares of Bank Of Montreal by 228.9% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock valued at $26,000 after purchasing an additional 190 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Bank Of Montreal during the 1st quarter valued at about $34,000. Truvestments Capital LLC bought a new stake in shares of Bank Of Montreal during the 1st quarter valued at about $39,000. HM Payson & Co. bought a new position in Bank Of Montreal in the first quarter worth approximately $42,000. Finally, CX Institutional bought a new position in Bank Of Montreal in the first quarter worth approximately $42,000. Institutional investors own 45.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BMO has been the topic of several recent research reports. National Bankshares reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Friday, August 15th. Scotiabank reiterated a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Cibc World Mkts upgraded Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Barclays lowered Bank Of Montreal from an “overweight” rating to an “equal weight” rating in a report on Monday, June 9th. Finally, CIBC upgraded Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, September 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $168.00.

Bank Of Montreal Price Performance

Bank Of Montreal stock opened at $130.29 on Friday. Bank Of Montreal has a one year low of $85.40 and a one year high of $131.26. The business has a fifty day moving average price of $117.73 and a 200-day moving average price of $106.82. 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 firm has a market capitalization of $93.14 billion, a P/E ratio of 15.95, a PEG ratio of 1.33 and a beta of 1.04.

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

Bank Of Montreal Increases Dividend

The firm also recently disclosed 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. This represents a $6.52 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Thursday, October 30th. Bank Of Montreal’s dividend payout ratio is 58.63%.

Bank Of Montreal Company Profile

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.