Campbell & CO Investment Adviser LLC Has $437,000 Stake in Bank Of Montreal $BMO

Campbell & CO Investment Adviser LLC lowered its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 96.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,352 shares of the bank’s stock after selling 100,752 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Bank Of Montreal were worth $437,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its stake in Bank Of Montreal by 87.1% in the 1st quarter. AQR Capital Management LLC now owns 5,742 shares of the bank’s stock valued at $548,000 after purchasing an additional 2,673 shares during the last quarter. Park Avenue Securities LLC bought a new stake in Bank Of Montreal in the second quarter valued at approximately $509,000. TD Private Client Wealth LLC lifted its position in shares of Bank Of Montreal by 0.7% in the second quarter. TD Private Client Wealth LLC now owns 23,986 shares of the bank’s stock valued at $2,654,000 after buying an additional 169 shares during the last quarter. FORM Wealth Advisors LLC bought a new position in shares of Bank Of Montreal during the 2nd quarter worth approximately $214,000. Finally, Raleigh Capital Management Inc. increased its holdings in shares of Bank Of Montreal by 2.3% during the 2nd quarter. Raleigh Capital Management Inc. now owns 11,637 shares of the bank’s stock worth $1,287,000 after acquiring an additional 258 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BMO has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank Of Montreal in a report on Monday, December 29th. Wall Street Zen upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. Natl Bk Canada lowered shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 1st. Raymond James Financial assumed coverage on shares of Bank Of Montreal in a report on Monday, November 24th. They issued a “market perform” rating on the stock. Finally, Royal Bank Of Canada cut Bank Of Montreal from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $168.00 to $163.00 in a report on Friday, October 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Trading Up 2.2%

Shares of BMO opened at $138.71 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00. Bank Of Montreal has a 52-week low of $85.40 and a 52-week high of $138.95. The firm has a market cap of $98.15 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 1.13 and a beta of 0.94. The business’s fifty day moving average is $129.37 and its 200-day moving average is $124.06.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Thursday, December 4th. The bank reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.20. The business had revenue of $6.67 billion for the quarter, compared to analyst estimates of $6.51 billion. Bank Of Montreal had a return on equity of 11.76% and a net margin of 11.13%.Bank Of Montreal’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $1.90 earnings per share. Equities analysts anticipate that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Investors of record on Friday, January 30th will be given a dividend of $1.67 per share. The ex-dividend date is Friday, January 30th. This represents a $6.68 dividend on an annualized basis and a yield of 4.8%. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.63. Bank Of Montreal’s dividend payout ratio is currently 57.35%.

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.