PensionDanmark Pensionsforsikringsaktieselskab Has $20.25 Million Stock Position in Bank Of Montreal $BMO

PensionDanmark Pensionsforsikringsaktieselskab grew its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 11.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 114,582 shares of the bank’s stock after purchasing an additional 11,400 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Bank Of Montreal were worth $20,245,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BMO. Jefferies Financial Group Inc. grew its position in shares of Bank Of Montreal by 6,300.1% in the 4th quarter. Jefferies Financial Group Inc. now owns 479,492 shares of the bank’s stock valued at $62,233,000 after buying an additional 472,000 shares during the last quarter. Andra AP fonden bought a new position in shares of Bank Of Montreal during the first quarter worth about $3,979,000. Vanguard Group Inc. raised its position in shares of Bank Of Montreal by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock worth $4,287,878,000 after acquiring an additional 673,248 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Bank Of Montreal by 2,127.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 349,694 shares of the bank’s stock worth $45,387,000 after acquiring an additional 333,994 shares during the period. Finally, Generali Asset Management SPA SGR lifted its stake in shares of Bank Of Montreal by 15.0% in the fourth quarter. Generali Asset Management SPA SGR now owns 86,672 shares of the bank’s stock worth $11,249,000 after acquiring an additional 11,320 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Up 0.4%

NYSE BMO opened at $181.62 on Friday. The stock has a market capitalization of $126.91 billion, a P/E ratio of 19.28, a P/E/G ratio of 1.01 and a beta of 0.94. The business has a 50 day simple moving average of $174.50 and a 200 day simple moving average of $155.25. 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 has a one year low of $112.21 and a one year high of $184.21.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.14. The firm 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 company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.62 earnings per share. Research analysts expect that Bank Of Montreal will post 11.81 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Thursday, July 30th. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio is presently 51.06%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BMO. Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Zacks Research cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Scotiabank reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, June 16th. Finally, Desjardins restated a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $163.00.

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.