Zions Bancorporation National Association UT Sells 25,695 Shares of Bank Of Montreal $BMO

Zions Bancorporation National Association UT lowered its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 44.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,281 shares of the bank’s stock after selling 25,695 shares during the period. Zions Bancorporation National Association UT’s holdings in Bank Of Montreal were worth $4,190,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. grew its holdings in Bank Of Montreal by 36.6% in the 3rd quarter. Citigroup Inc. now owns 502,382 shares of the bank’s stock worth $65,479,000 after acquiring an additional 134,699 shares during the last quarter. Jefferies Financial Group Inc. grew its holdings in 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 worth $62,233,000 after acquiring an additional 472,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in Bank Of Montreal by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 32,343,957 shares of the bank’s stock worth $4,214,676,000 after acquiring an additional 149,944 shares during the last quarter. Aviso Financial Inc. grew its holdings in Bank Of Montreal by 24.2% in the 3rd quarter. Aviso Financial Inc. now owns 1,002,099 shares of the bank’s stock worth $130,601,000 after acquiring an additional 195,154 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its holdings in Bank Of Montreal by 16.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 165,213 shares of the bank’s stock worth $21,484,000 after acquiring an additional 23,113 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BMO shares. Zacks Research lowered shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings raised shares of Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 28th. Raymond James Financial reissued an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Jefferies Financial Group reissued a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Finally, TD Securities reissued a “buy” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Bank Of Montreal has an average rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Trading Down 0.4%

Shares of BMO opened at $164.55 on Thursday. The firm’s 50-day moving average price is $152.83 and its 200-day moving average price is $141.59. The firm has a market capitalization of $115.25 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.92 and a beta of 0.95. 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 has a 1-year low of $104.08 and a 1-year high of $167.07.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 12.60% and a return on equity of 13.04%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.62 EPS. Sell-side analysts anticipate that Bank Of Montreal will post 11.82 EPS 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. Stockholders of record on Thursday, July 30th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Thursday, July 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s payout ratio is presently 50.96%.

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.