Sullivan Bruyette Speros & Blaney LLC Reduces Holdings in Bank of Montreal (BMO)

Sullivan Bruyette Speros & Blaney LLC lessened its stake in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 19.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,258 shares of the bank’s stock after selling 4,269 shares during the period. Sullivan Bruyette Speros & Blaney LLC’s holdings in Bank of Montreal were worth $1,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Ronna Sue Cohen lifted its holdings in shares of Bank of Montreal by 1.8% in the 2nd quarter. Ronna Sue Cohen now owns 35,814 shares of the bank’s stock valued at $2,630,000 after acquiring an additional 640 shares during the last quarter. Legacy Capital Partners Inc. lifted its holdings in shares of Bank of Montreal by 1.0% in the 2nd quarter. Legacy Capital Partners Inc. now owns 67,287 shares of the bank’s stock valued at $5,199,000 after acquiring an additional 650 shares during the last quarter. JCIC Asset Management Inc. lifted its holdings in shares of Bank of Montreal by 7.9% in the 3rd quarter. JCIC Asset Management Inc. now owns 9,956 shares of the bank’s stock valued at $822,000 after acquiring an additional 728 shares during the last quarter. Hugh Johnson Advisors LLC lifted its holdings in shares of Bank of Montreal by 11.9% in the 2nd quarter. Hugh Johnson Advisors LLC now owns 7,330 shares of the bank’s stock valued at $566,000 after acquiring an additional 782 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Bank of Montreal by 29.0% in the 2nd quarter. Signaturefd LLC now owns 3,594 shares of the bank’s stock valued at $278,000 after acquiring an additional 809 shares during the last quarter. 43.38% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:BMO traded up $0.14 during trading on Tuesday, reaching $74.56. The company’s stock had a trading volume of 60,649 shares, compared to its average volume of 818,742. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The company has a market cap of $48.36 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 1.32 and a beta of 1.09. Bank of Montreal has a 12 month low of $73.79 and a 12 month high of $84.71.



Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, August 28th. The bank reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.07. The business had revenue of $4.51 billion during the quarter, compared to the consensus estimate of $4.45 billion. Bank of Montreal had a net margin of 16.17% and a return on equity of 14.75%. As a group, equities analysts forecast that Bank of Montreal will post 6.93 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 27th. Shareholders of record on Thursday, November 1st will be paid a $0.7386 dividend. This represents a $2.95 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, October 31st. Bank of Montreal’s payout ratio is currently 47.28%.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Bank of Montreal from a “hold” rating to a “buy” rating and set a $89.00 price target for the company in a report on Tuesday, October 16th. BMO Capital Markets raised shares of Bank of Montreal to a “$78.97” rating in a report on Wednesday, July 18th. Canaccord Genuity raised shares of Bank of Montreal from a “hold” rating to a “buy” rating in a report on Wednesday, August 29th. Finally, Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and set a $120.00 price target for the company in a report on Wednesday, July 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $106.50.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance products, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.

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

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