Signaturefd LLC Acquires 949 Shares of Bank of Montreal (NYSE:BMO)

Posted by on Apr 13th, 2023

Signaturefd LLC increased its holdings in Bank of Montreal (NYSE:BMO – Get Rating) (TSE:BMO) by 14.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,482 shares of the bank’s stock after buying an additional 949 shares during the period. Signaturefd LLC’s holdings in Bank of Montreal were worth $678,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Guardian Wealth Advisors LLC bought a new position in Bank of Montreal in the third quarter worth approximately $29,000. Daiwa Securities Group Inc. purchased a new position in Bank of Montreal in the third quarter worth $30,000. Private Trust Co. NA purchased a new position in Bank of Montreal in the second quarter worth $34,000. Hexagon Capital Partners LLC grew its holdings in Bank of Montreal by 103.5% in the third quarter. Hexagon Capital Partners LLC now owns 403 shares of the bank’s stock worth $35,000 after purchasing an additional 205 shares during the last quarter. Finally, CWM LLC grew its holdings in Bank of Montreal by 193.4% in the third quarter. CWM LLC now owns 443 shares of the bank’s stock worth $39,000 after purchasing an additional 292 shares during the last quarter. Institutional investors own 42.78% of the company’s stock.

Bank of Montreal Price Performance

Shares of BMO opened at $90.04 on Thursday. The firm has a market capitalization of $64.20 billion, a PE ratio of 7.34, a price-to-earnings-growth ratio of 1.70 and a beta of 1.14. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.98 and a quick ratio of 0.98. Bank of Montreal has a 1-year low of $81.57 and a 1-year high of $118.96. The company’s fifty day moving average price is $93.21 and its 200-day moving average price is $93.38.

Bank of Montreal (NYSE:BMO – Get Rating) (TSE:BMO) last announced its quarterly earnings data on Tuesday, February 28th. The bank reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $2.33 by $0.06. The firm had revenue of $4.80 billion for the quarter. Bank of Montreal had a net margin of 22.13% and a return on equity of 13.65%. On average, equities research analysts predict that Bank of Montreal will post 9.81 EPS for the current year.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Friday, April 28th will be issued a $1.075 dividend. This represents a $4.30 annualized dividend and a yield of 4.78%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.05. The ex-dividend date is Thursday, April 27th. Bank of Montreal’s dividend payout ratio is presently 34.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Credit Suisse Group assumed coverage on shares of Bank of Montreal in a report on Monday, December 19th. They issued an “outperform” rating on the stock. BMO Capital Markets cut their price target on shares of Bank of Montreal from C$151.00 to C$147.50 in a report on Thursday, January 19th. Finally, StockNews.com assumed coverage on shares of Bank of Montreal in a report on Thursday, March 16th. They issued a “sell” rating on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $152.70.

Bank of Montreal Company Profile

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Bank of Montreal engages in the provision of banking and financial services to individuals and institutions. It operates through the following segments: Canadian Personal and Commercial Banking (Canadian P&C) and United States Personal and Commercial Banking (U.S. P&C). The Canadian P&C segment refers to retail banking and financial operations in Canada.

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Institutional Ownership by Quarter for Bank of Montreal (NYSE:BMO)

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