M&T Bank Corp Has $5.87 Million Stock Holdings in Bank of Montreal (NYSE:BMO)

M&T Bank Corp lowered its position in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 59,268 shares of the bank’s stock after selling 408 shares during the quarter. M&T Bank Corp’s holdings in Bank of Montreal were worth $5,873,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in Bank of Montreal by 192.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 333 shares of the bank’s stock valued at $28,000 after purchasing an additional 219 shares during the period. Stonehage Fleming Financial Services Holdings Ltd bought a new stake in Bank of Montreal during the third quarter valued at $33,000. Crewe Advisors LLC grew its holdings in Bank of Montreal by 63.5% during the 3rd 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. Headlands Technologies LLC bought a new stake in Bank of Montreal in the fourth quarter worth approximately $44,000. Finally, IAG Wealth Partners LLC lifted its stake in Bank of Montreal by 117.5% in the fourth quarter. IAG Wealth Partners LLC now owns 496 shares of the bank’s stock valued at $49,000 after buying an additional 268 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Stock Up 2.0 %

Shares of NYSE:BMO opened at $93.05 on Tuesday. The stock has a market cap of $67.86 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 1.75 and a beta of 1.14. The business’s 50 day moving average is $93.70 and its 200 day moving average is $90.69. Bank of Montreal has a 12-month low of $73.98 and a 12-month high of $100.12. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.12.

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

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, April 29th will be paid a dividend of $1.1172 per share. This represents a $4.47 dividend on an annualized basis and a dividend yield of 4.80%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.11. The ex-dividend date is Friday, April 26th. Bank of Montreal’s payout ratio is presently 41.79%.

Analyst Upgrades and Downgrades

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

Bank of Montreal Profile

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.