Generali Asset Management SPA SGR Acquires 11,320 Shares of Bank Of Montreal $BMO

Generali Asset Management SPA SGR grew its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 15.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,672 shares of the bank’s stock after buying an additional 11,320 shares during the period. Generali Asset Management SPA SGR’s holdings in Bank Of Montreal were worth $11,249,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its holdings in shares of Bank Of Montreal by 4.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 5,923 shares of the bank’s stock worth $769,000 after buying an additional 253 shares in the last quarter. Triasima Portfolio Management inc. boosted its holdings in shares of Bank Of Montreal by 16.3% during the 4th quarter. Triasima Portfolio Management inc. now owns 116,166 shares of the bank’s stock worth $15,106,000 after buying an additional 16,274 shares in the last quarter. Bogart Wealth LLC raised its position in shares of Bank Of Montreal by 8.1% during the fourth quarter. Bogart Wealth LLC now owns 2,381 shares of the bank’s stock worth $309,000 after purchasing an additional 179 shares during the period. M&T Bank Corp raised its position in shares of Bank Of Montreal by 0.8% during the fourth quarter. M&T Bank Corp now owns 57,622 shares of the bank’s stock worth $7,478,000 after purchasing an additional 433 shares during the period. Finally, Aprio Wealth Management LLC raised its position in shares of Bank Of Montreal by 21.9% during the fourth quarter. Aprio Wealth Management LLC now owns 2,280 shares of the bank’s stock worth $296,000 after purchasing an additional 409 shares during the period. 45.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Zacks Research lowered Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Raymond James Financial raised Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research report on Friday, February 13th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Finally, TD Securities raised Bank Of Montreal from a “hold” rating to a “buy” rating in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Trading Down 1.7%

NYSE BMO opened at $152.45 on Friday. The firm has a market capitalization of $106.85 billion, a P/E ratio of 17.71, a PEG ratio of 0.99 and a beta of 0.94. The business has a fifty day simple moving average of $143.49 and a 200 day simple moving average of $135.67. Bank Of Montreal has a 12 month low of $98.09 and a 12 month high of $156.00. 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 released its quarterly earnings results on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.16. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $6.73 billion. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.Bank Of Montreal’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. On average, analysts predict that Bank Of Montreal will post 10.25 EPS for the current fiscal year.

Bank Of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, April 29th will be given a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio is presently 55.75%.

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.