Brookstone Capital Management acquired a new stake in 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 institutional investor acquired 4,654 shares of the bank’s stock, valued at approximately $352,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc. increased its stake in shares of Bank Of Montreal by 1.5% in the second quarter. TD Asset Management Inc. now owns 25,134,177 shares of the bank’s stock valued at $1,842,821,000 after buying an additional 383,382 shares during the period. Vanguard Group Inc. increased its stake in shares of Bank Of Montreal by 5.4% in the second quarter. Vanguard Group Inc. now owns 14,592,498 shares of the bank’s stock valued at $1,071,673,000 after buying an additional 748,173 shares during the period. Acadian Asset Management LLC increased its stake in shares of Bank Of Montreal by 5.4% in the second quarter. Acadian Asset Management LLC now owns 7,292,805 shares of the bank’s stock valued at $534,707,000 after buying an additional 372,000 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Bank Of Montreal by 7.1% in the second quarter. Great West Life Assurance Co. Can now owns 5,707,527 shares of the bank’s stock valued at $417,991,000 after buying an additional 379,748 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Bank Of Montreal by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,758,505 shares of the bank’s stock valued at $276,025,000 after buying an additional 135,096 shares during the period. 42.66% of the stock is owned by institutional investors.

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A number of research firms have weighed in on BMO. BidaskClub downgraded shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Canaccord Genuity began coverage on shares of Bank Of Montreal in a research report on Tuesday, July 18th. They set a “hold” rating for the company. Macquarie began coverage on shares of Bank Of Montreal in a research report on Tuesday, October 24th. They set a “neutral” rating and a $81.00 target price for the company. Zacks Investment Research downgraded shares of Bank Of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Finally, Scotiabank reissued a “buy” rating and set a $101.00 target price on shares of Bank Of Montreal in a research report on Wednesday, August 30th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $95.40.

Shares of Bank Of Montreal (NYSE BMO) opened at $77.77 on Monday. The stock has a market capitalization of $50,472.73, a P/E ratio of 12.36, a P/E/G ratio of 2.16 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, August 29th. The bank reported $1.53 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.04). The company had revenue of $5.46 billion for the quarter, compared to analyst estimates of $5.52 billion. Bank Of Montreal had a return on equity of 14.36% and a net margin of 20.04%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $1.94 EPS. equities research analysts predict that Bank Of Montreal will post 6.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 1st will be given a dividend of $0.717 per share. This is an increase from Bank Of Montreal’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.87 annualized dividend and a dividend yield of 3.69%. Bank Of Montreal’s dividend payout ratio (DPR) is 46.91%.

Bank Of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

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Institutional Ownership by Quarter for Bank Of Montreal (NYSE:BMO)

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