Nwam LLC increased its stake in Bank Of Montreal by 2.2% during the second quarter.
A number of hedge funds have recently added to or reduced their stakes in the stock. Brookstone Capital Management acquired a new stake in shares of Bank Of Montreal during the third quarter worth $352,000. Arrowstreet Capital Limited Partnership now owns 1,405,000 shares of the bank's stock worth $103,154,000 after buying an additional 776,318 shares during the last quarter. Taylor Asset Management Inc trimmed its investment by selling 9,000 shares a decrease of 3.1% from 06/30/2017 to 09/30/2017. Hudock Capital Group LLC now owns 2,593 shares of the bank's stock worth $190,000 after acquiring an additional 9 shares during the last 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. Finally, Baskin Financial Services Inc. lifted its holdings in Bank Of Montreal by 12.5% during the third quarter. The Bank has over 1,500 bank branches in Canada and the United States.
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With a total market value of $0, Bank Of Montreal has price-earnings ratio of 11.66 with a one year low of $62.32 and a one year high of $78.86. During the same period previous year, the firm posted $1.94 earnings per share. This translates into $1.31 billion profit for T_BMO giving the stock a 12.15 P/E. The company has market cap of $63.39 billion. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. Finally, National Bank Financial upped their target price on shares of Bank of Montreal from C$84.00 to C$88.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 24th. With the constructive P/E value of Bank of Montreal, the investors are able to forecast the positive earnings growth of the company. Bank Of Montreal had a return on equity of 14.36% and a net margin of 20.04%.
Investors wait Bank of Montreal (TSE:BMO) to report on December, 5 before the open. its quarterly earnings Wall Street analysts expect $2.02 earnings per share, down $0.08 or 3.81 % from last year's $2.1 same quarter earnings.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. The stock decreased 0.76% or $0.75 on November 10, reaching $97.86.
The EPS for Bank of Montreal is valued at 6.41 with an EPS growth this year at 5.30%. This represents a $2.87 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Tuesday, October 31st. Bank Of Montreal's dividend payout ratio is now 46.91%.
A number of analysts have recently commented on BMO shares. Canaccord Genuity maintained Bank of Montreal (USA) (NYSE:BMO) on Tuesday, August 29 with "Hold" rating. Scotiabank reissued a buy rating and set a $101.00 price objective on shares of Bank Of Montreal in a research note on Wednesday, August 30th.
Analysts await Xcel Energy Inc (NYSE:XEL) to report earnings on February, 1. They set a "hold" rating for the company.
On October 24, 2017 Macquarie released research on BMO with an initial rating of "Neutral". One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. As of now, the target price for the company is measuring at $80.84. The value of the company's investment in Bank of Montreal went from $46,574,000 to $54,676,000 a change of 17.4% for the reporting period. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products.
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