Shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) have received a consensus recommendation of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $98.00.
A number of equities analysts have commented on BMO shares. BidaskClub lowered shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, July 18th. Macquarie started coverage on shares of Bank Of Montreal in a report on Tuesday, October 24th. They issued a “neutral” rating and a $81.00 price objective on the stock. Canaccord Genuity set a $102.00 price objective on shares of Bank Of Montreal and gave the stock a “hold” rating in a report on Tuesday, August 29th. Finally, Scotiabank reiterated a “buy” rating and issued a $101.00 price objective on shares of Bank Of Montreal in a report on Wednesday, August 30th.
Institutional investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Bank Of Montreal by 1.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,392 shares of the bank’s stock valued at $102,000 after purchasing an additional 15 shares in the last quarter. Advisory Services Network LLC grew its position in shares of Bank Of Montreal by 409.1% during the 2nd quarter. Advisory Services Network LLC now owns 1,568 shares of the bank’s stock valued at $115,000 after buying an additional 1,260 shares during the last quarter. IFP Advisors Inc grew its position in shares of Bank Of Montreal by 11.5% during the 2nd quarter. IFP Advisors Inc now owns 1,604 shares of the bank’s stock valued at $118,000 after buying an additional 166 shares during the last quarter. Sei Investments Co. grew its position in shares of Bank Of Montreal by 6,400.0% during the 3rd quarter. Sei Investments Co. now owns 2,015 shares of the bank’s stock valued at $174,000 after buying an additional 1,984 shares during the last quarter. Finally, Hudock Capital Group LLC grew its position in shares of Bank Of Montreal by 0.3% during the 2nd quarter. Hudock Capital Group LLC now owns 2,593 shares of the bank’s stock valued at $190,000 after buying an additional 9 shares during the last quarter. Institutional investors and hedge funds own 42.66% of the company’s stock.
Shares of Bank Of Montreal (NYSE:BMO) traded up $0.03 during mid-day trading on Wednesday, reaching $77.80. 47,603 shares of the company’s stock were exchanged, compared to its average volume of 319,155. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $50,472.73, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06.
Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Tuesday, August 29th. The bank reported $1.53 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.04). Bank Of Montreal had a return on equity of 14.36% and a net margin of 20.04%. The firm had revenue of $5.46 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same quarter in the prior year, the firm earned $1.94 EPS. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. analysts forecast that Bank Of Montreal will post 6.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 1st will be paid a $0.717 dividend. This represents a $2.87 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Tuesday, October 31st. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $0.66. Bank Of Montreal’s dividend payout ratio 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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