Bank Of Montreal $BMO Position Increased by Ausdal Financial Partners Inc.

Ausdal Financial Partners Inc. boosted its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 290.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,207 shares of the bank’s stock after purchasing an additional 6,107 shares during the period. Ausdal Financial Partners Inc.’s holdings in Bank Of Montreal were worth $1,069,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC lifted its holdings in shares of Bank Of Montreal by 87.1% during the 1st quarter. AQR Capital Management LLC now owns 5,742 shares of the bank’s stock valued at $548,000 after buying an additional 2,673 shares during the last quarter. Allworth Financial LP increased its holdings in Bank Of Montreal by 16.7% in the second quarter. Allworth Financial LP now owns 2,027 shares of the bank’s stock worth $224,000 after buying an additional 290 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Bank Of Montreal by 12.3% in the second quarter. PNC Financial Services Group Inc. now owns 27,532 shares of the bank’s stock worth $3,046,000 after buying an additional 3,014 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in Bank Of Montreal during the second quarter valued at approximately $721,000. Finally, Intrust Bank NA raised its position in Bank Of Montreal by 58.0% during the second quarter. Intrust Bank NA now owns 3,603 shares of the bank’s stock valued at $399,000 after acquiring an additional 1,322 shares in the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

Bank Of Montreal Trading Up 3.2%

Shares of BMO stock opened at $139.85 on Tuesday. The firm has a market capitalization of $98.77 billion, a P/E ratio of 16.24, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. Bank Of Montreal has a 1 year low of $85.40 and a 1 year high of $149.01. The firm’s fifty day simple moving average is $139.93 and its 200 day simple moving average is $131.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $6.73 billion. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $3.04 EPS. As a group, sell-side analysts predict that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, April 29th will be paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio (DPR) is presently 56.56%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank Of Montreal in a research report on Monday, December 29th. National Bank Financial restated a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Raymond James Financial upgraded shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a report on Friday, February 13th. Finally, Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a research report on Friday, January 9th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” 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.