PBU The Pension Fund of Early Childhood & Youth Educators Invests $13.29 Million in Bank Of Montreal $BMO

PBU The Pension Fund of Early Childhood & Youth Educators bought a new position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 102,160 shares of the bank’s stock, valued at approximately $13,285,000.

Other large investors also recently made changes to their positions in the company. Code Waechter LLC increased its stake in Bank Of Montreal by 1.7% during the 4th quarter. Code Waechter LLC now owns 4,486 shares of the bank’s stock worth $582,000 after acquiring an additional 75 shares during the period. Larson Financial Group LLC increased its stake in Bank Of Montreal by 33.2% during the 4th quarter. Larson Financial Group LLC now owns 317 shares of the bank’s stock worth $41,000 after acquiring an additional 79 shares during the period. Naples Global Advisors LLC increased its stake in Bank Of Montreal by 0.5% during the 4th quarter. Naples Global Advisors LLC now owns 17,780 shares of the bank’s stock worth $2,308,000 after acquiring an additional 80 shares during the period. Allworth Financial LP increased its stake in Bank Of Montreal by 4.6% during the 3rd quarter. Allworth Financial LP now owns 2,121 shares of the bank’s stock worth $276,000 after acquiring an additional 94 shares during the period. Finally, Choreo LLC increased its stake in Bank Of Montreal by 3.6% during the 3rd quarter. Choreo LLC now owns 2,735 shares of the bank’s stock worth $356,000 after acquiring an additional 95 shares during the period. Institutional investors own 45.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BMO has been the topic of a number of recent research reports. Jefferies Financial Group restated a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Zacks Research lowered Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Scotiabank upgraded Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, June 1st. Finally, Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Trading Down 0.4%

NYSE BMO opened at $164.49 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a twelve month low of $104.08 and a twelve month high of $165.92. The company has a market cap of $115.21 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The business’s fifty day moving average is $150.86 and its 200 day moving average is $140.53.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The company had revenue of $7.04 billion for the quarter, compared to the consensus estimate of $6.98 billion. During the same quarter last year, the business posted $2.62 EPS. Bank Of Montreal’s revenue for the quarter was up 10.2% on a year-over-year basis. As a group, sell-side analysts expect that Bank Of Montreal will post 11.82 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be issued a dividend of $1.71 per share. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Thursday, July 30th. This represents a $6.84 annualized dividend and a dividend yield of 4.2%. Bank Of Montreal’s dividend payout ratio (DPR) is 50.96%.

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.