Duality Advisers LP Invests $1.19 Million in Bank of Montreal (NYSE:BMO)

Duality Advisers LP purchased a new stake in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,999 shares of the bank’s stock, valued at approximately $1,187,000.

Other large investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its stake in Bank of Montreal by 192.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 333 shares of the bank’s stock valued at $28,000 after buying an additional 219 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Bank of Montreal during the third quarter valued at approximately $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Bank of Montreal during the third quarter worth $33,000. Crewe Advisors LLC lifted its holdings in Bank of Montreal by 63.5% during the third quarter. Crewe Advisors LLC now owns 515 shares of the bank’s stock worth $43,000 after acquiring an additional 200 shares during the period. Finally, Global Retirement Partners LLC boosted its position in Bank of Montreal by 177.4% in the fourth quarter. Global Retirement Partners LLC now owns 527 shares of the bank’s stock worth $50,000 after purchasing an additional 337 shares during the last quarter. 45.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BMO has been the subject of several research analyst reports. StockNews.com raised Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Sunday, March 3rd. Barclays started coverage on shares of Bank of Montreal in a report on Wednesday, March 20th. They set an “overweight” rating for the company. Finally, Jefferies Financial Group began coverage on shares of Bank of Montreal in a research note on Thursday, February 22nd. They issued a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Bank of Montreal presently has a consensus rating of “Moderate Buy” and an average price target of $131.00.

Bank of Montreal Stock Up 0.9 %

Shares of NYSE BMO opened at $93.82 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $68.42 billion, a PE ratio of 17.90, a P/E/G ratio of 1.76 and a beta of 1.13. Bank of Montreal has a one year low of $73.98 and a one year high of $100.12. The business’s fifty day moving average price is $94.26 and its 200-day moving average price is $90.05.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Tuesday, February 27th. The bank reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.34). The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $6.34 billion. Bank of Montreal had a net margin of 7.40% and a return on equity of 11.89%. On average, equities research analysts anticipate that Bank of Montreal will post 8.94 EPS for the current year.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, April 29th will be paid a $1.1172 dividend. This represents a $4.47 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.11. Bank of Montreal’s dividend payout ratio is currently 62.02%.

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.