Lindbrook Capital LLC Has $245,000 Stock Position in Bank of Montreal (NYSE:BMO)

Lindbrook Capital LLC increased its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,474 shares of the bank’s stock after acquiring an additional 287 shares during the period. Lindbrook Capital LLC’s holdings in Bank of Montreal were worth $245,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia lifted its position in shares of Bank of Montreal by 10.6% in the third quarter. Bank of Nova Scotia now owns 14,783,968 shares of the bank’s stock worth $1,247,154,000 after purchasing an additional 1,417,298 shares in the last quarter. Mackenzie Financial Corp increased its stake in Bank of Montreal by 5.4% in the 4th quarter. Mackenzie Financial Corp now owns 14,495,589 shares of the bank’s stock valued at $1,435,002,000 after buying an additional 738,579 shares during the period. Toronto Dominion Bank lifted its position in Bank of Montreal by 5.1% in the 3rd quarter. Toronto Dominion Bank now owns 14,042,593 shares of the bank’s stock worth $1,184,774,000 after buying an additional 679,340 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Bank of Montreal by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 27,191,193 shares of the bank’s stock valued at $2,294,121,000 after buying an additional 468,761 shares during the period. Finally, FMR LLC grew its holdings in shares of Bank of Montreal by 10.1% during the 3rd quarter. FMR LLC now owns 3,297,129 shares of the bank’s stock valued at $278,141,000 after acquiring an additional 301,391 shares in the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank of Montreal Trading Up 0.9 %

Shares of NYSE:BMO opened at $92.96 on Tuesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $67.79 billion, a PE ratio of 17.74, a P/E/G ratio of 1.76 and a beta of 1.13. Bank of Montreal has a 1 year low of $73.98 and a 1 year high of $100.12. The firm has a fifty day moving average price of $94.20 and a 200 day moving average price of $89.96.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Tuesday, February 27th. The bank reported $1.90 earnings per share (EPS) 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 return on equity of 11.89% and a net margin of 7.40%. Analysts expect that Bank of Montreal will post 8.94 EPS for the current fiscal year.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, April 29th will be issued a dividend of $1.1172 per share. This represents a $4.47 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend is Friday, April 26th. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.11. Bank of Montreal’s dividend payout ratio (DPR) is 62.02%.

Wall Street Analyst Weigh In

BMO has been the subject of several recent research reports. Barclays assumed coverage on Bank of Montreal in a report on Wednesday, March 20th. They set an “overweight” rating for the company. Jefferies Financial Group initiated coverage on Bank of Montreal in a research note on Thursday, February 22nd. They set a “buy” rating for the company. Finally, StockNews.com raised Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently 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.