Bank Of Montreal $BMO Holdings Lifted by Ritholtz Wealth Management

Ritholtz Wealth Management grew its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 43.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,553 shares of the bank’s stock after purchasing an additional 4,704 shares during the period. Ritholtz Wealth Management’s holdings in Bank Of Montreal were worth $2,019,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BMO. AQR Capital Management LLC grew its position 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 worth $548,000 after purchasing an additional 2,673 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Bank Of Montreal in the 2nd quarter worth about $1,018,000. Cerity Partners LLC grew its position in Bank Of Montreal by 1.4% in the 2nd quarter. Cerity Partners LLC now owns 12,364 shares of the bank’s stock worth $1,368,000 after purchasing an additional 167 shares during the last quarter. Qube Research & Technologies Ltd grew its position in Bank Of Montreal by 166.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 411,108 shares of the bank’s stock worth $45,518,000 after purchasing an additional 256,755 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in Bank Of Montreal by 5,614.3% in the 2nd quarter. NewEdge Advisors LLC now owns 2,800 shares of the bank’s stock worth $310,000 after purchasing an additional 2,751 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

BMO has been the subject of several recent analyst reports. TD Securities upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank Of Montreal in a report on Monday, December 29th. Zacks Research upgraded shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 19th. 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, Jefferies Financial Group reiterated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Bank Of Montreal has an average rating of “Moderate Buy” and a consensus price target of $163.00.

Bank Of Montreal Trading Down 0.0%

Bank Of Montreal stock opened at $144.29 on Monday. The firm has a 50 day simple moving average of $140.47 and a 200-day simple moving average of $132.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $101.66 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. Bank Of Montreal has a 12-month low of $89.55 and a 12-month high of $149.01.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, beating the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same period in the prior year, the business earned $3.04 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that Bank Of Montreal will post 7.71 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. Investors 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 4.6%. Bank Of Montreal’s dividend payout ratio is currently 56.56%.

About Bank Of Montreal

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.