Fiera Capital Corp Buys 101,739 Shares of Bank Of Montreal $BMO

Fiera Capital Corp boosted its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,967,220 shares of the bank’s stock after buying an additional 101,739 shares during the period. Bank Of Montreal accounts for approximately 1.7% of Fiera Capital Corp’s portfolio, making the stock its 14th largest position. Fiera Capital Corp owned 0.56% of Bank Of Montreal worth $516,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BMO. AQR Capital Management LLC lifted its stake in shares of 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 period. Ethic Inc. bought a new position in Bank Of Montreal in the second quarter worth $204,000. Gill Capital Partners LLC bought a new position in Bank Of Montreal in the second quarter worth $267,000. Carnegie Investment Counsel lifted its position in Bank Of Montreal by 3.0% during the second quarter. Carnegie Investment Counsel now owns 22,701 shares of the bank’s stock valued at $2,511,000 after buying an additional 661 shares during the period. Finally, 180 Wealth Advisors LLC bought a new stake in shares of Bank Of Montreal during the 2nd quarter valued at $230,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Up 0.8%

Shares of NYSE BMO opened at $143.57 on Friday. The firm’s 50 day moving average price is $135.66 and its 200-day moving average price is $127.87. Bank Of Montreal has a 52-week low of $85.40 and a 52-week high of $146.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $101.39 billion, a PE ratio of 17.59, a P/E/G ratio of 1.14 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results 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 company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.51 billion. Bank Of Montreal had a net margin of 11.13% and a return on equity of 11.76%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.90 earnings per share. On average, equities research analysts expect that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Friday, January 30th will be paid a $1.67 dividend. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.63. This represents a $6.68 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Friday, January 30th. Bank Of Montreal’s dividend payout ratio (DPR) is presently 59.68%.

Wall Street Analysts Forecast Growth

BMO has been the subject of several research reports. National Bank Financial 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 upgraded shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a report on Friday, February 13th. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank Of Montreal in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $163.00.

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.