Value Partners Investments Inc. Sells 24,786 Shares of Bank Of Montreal $BMO

Value Partners Investments Inc. reduced its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 440,552 shares of the bank’s stock after selling 24,786 shares during the period. Bank Of Montreal comprises about 4.5% of Value Partners Investments Inc.’s holdings, making the stock its 7th largest holding. Value Partners Investments Inc.’s holdings in Bank Of Montreal were worth $59,551,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. WFA of San Diego LLC acquired a new position in Bank Of Montreal during the 2nd quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in Bank Of Montreal in the 4th quarter valued at about $29,000. Larson Financial Group LLC increased its stake in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after purchasing an additional 196 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Bank Of Montreal during the fourth quarter worth about $34,000. Finally, Swiss RE Ltd. acquired a new stake in shares of Bank Of Montreal during the fourth quarter worth about $38,000. 45.82% of the stock is owned by institutional investors and hedge funds.

Bank Of Montreal Stock Up 0.2%

Shares of NYSE BMO opened at $175.24 on Friday. The business has a 50-day moving average of $160.04 and a two-hundred day moving average of $145.33. The company has a market capitalization of $122.74 billion, a price-to-earnings ratio of 18.60, a price-to-earnings-growth ratio of 0.98 and a beta of 0.95. Bank Of Montreal has a 1 year low of $108.53 and a 1 year high of $175.54. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02.

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

Bank Of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be issued a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 dividend on an annualized basis and a yield of 3.9%. Bank Of Montreal’s dividend payout ratio is 50.96%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings cut shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, June 12th. Zacks Research downgraded Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Desjardins reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Scotiabank reissued an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, June 16th. Finally, TD Securities restated a “buy” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.