Mn Services Vermogensbeheer B.V. Has $15.28 Million Stock Position in Bank of Montreal (NYSE:BMO)

Mn Services Vermogensbeheer B.V. increased its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,500 shares of the bank’s stock after acquiring an additional 2,400 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Bank of Montreal were worth $15,282,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in Bank of Montreal by 207.8% during the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock valued at $56,000 after purchasing an additional 451 shares during the period. Mutual Advisors LLC raised its stake in shares of Bank of Montreal by 58.3% during the third quarter. Mutual Advisors LLC now owns 20,118 shares of the bank’s stock worth $1,879,000 after buying an additional 7,411 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Bank of Montreal by 44.9% in the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the bank’s stock valued at $99,000 after buying an additional 342 shares during the period. REDW Wealth LLC bought a new position in Bank of Montreal in the third quarter valued at approximately $200,000. Finally, Van ECK Associates Corp grew its holdings in Bank of Montreal by 23.0% during the 3rd quarter. Van ECK Associates Corp now owns 190,255 shares of the bank’s stock worth $17,760,000 after acquiring an additional 35,614 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Price Performance

NYSE BMO opened at $103.03 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market cap of $75.10 billion, a price-to-earnings ratio of 14.76, a PEG ratio of 1.43 and a beta of 1.09. The business has a 50 day simple moving average of $99.09 and a 200 day simple moving average of $93.82. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $106.00.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $1.36. The company had revenue of $9.27 billion during the quarter, compared to the consensus estimate of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.56 earnings per share. Analysts anticipate that Bank of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank of Montreal Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be issued a $1.1094 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 4.31%. Bank of Montreal’s dividend payout ratio (DPR) is 63.18%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BMO. StockNews.com raised Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Friday. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Royal Bank of Canada boosted their target price on Bank of Montreal from $161.00 to $163.00 and gave the stock an “outperform” rating in a research report on Wednesday. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Finally, Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $128.40.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.