3,553 Shares in Bank Of Montreal $BMO Acquired by Financial & Tax Architects LLC

Financial & Tax Architects LLC purchased a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,553 shares of the bank’s stock, valued at approximately $594,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BMO. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of Bank Of Montreal in the second quarter valued at approximately $28,000. Western Wealth Management LLC bought a new position in Bank Of Montreal in the first quarter worth approximately $38,000. Highland Investment Advisors LLC bought a new position in Bank Of Montreal in the second quarter worth approximately $63,000. Virtus Advisers LLC purchased a new position in Bank Of Montreal during the 2nd quarter worth $95,000. Finally, Eastern Bank purchased a new position in Bank Of Montreal during the 2nd quarter worth $88,000. Institutional investors own 45.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BMO shares. Scotiabank reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research report on Wednesday, August 26th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Bank Of Montreal in a report on Thursday, August 27th. Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a research report on Friday, August 21st. Keefe, Bruyette & Woods began coverage on shares of Bank Of Montreal in a research note on Friday, August 21st. They issued an “outperform” rating for the company. Finally, Weiss Ratings cut shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $244.00.

Bank Of Montreal Stock Performance

Shares of BMO stock opened at $165.96 on Friday. The firm has a market cap of $115.36 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 0.97 and a beta of 0.95. The company’s 50 day moving average is $172.76 and its 200 day moving average is $166.48. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.10. Bank Of Montreal has a 52-week low of $119.84 and a 52-week high of $187.22.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Tuesday, August 25th. The bank reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.13. The company had revenue of $7.10 billion during the quarter, compared to the consensus estimate of $6.94 billion. Bank Of Montreal had a net margin of 11.72% and a return on equity of 13.60%. Bank Of Montreal’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.23 earnings per share. On average, sell-side analysts anticipate that Bank Of Montreal will post 10.76 EPS for the current fiscal year.

Bank Of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 26th. Shareholders of record on Friday, October 30th will be given a dividend of C$1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, October 30th. Bank Of Montreal’s dividend payout ratio (DPR) is 54.29%.

Bank Of Montreal Profile

Bank of Montreal, operating under the BMO Financial Group name, is a diversified financial services company headquartered in Montreal, Quebec. Founded in 1817, it is one of Canada’s largest banks and the country’s oldest continuously operating bank.

BMO provides personal and commercial banking services, including deposit accounts, lending, mortgages, credit cards, payment solutions and cash-management products. Through its wealth management businesses, the company offers investment, advisory, private banking, asset-management and retirement-planning services to individuals, families and institutions.

The company also operates a capital markets business that provides investment banking, corporate lending, financial advisory, trading, research and other services to corporations, governments and institutional clients.