Financial institution of Montreal (NYSE:BMO – Get Free Report) (TSE:BMO) has acquired a consensus suggestion of “Maintain” from the ten brokerages which might be presently protecting the corporate, MarketBeat.com stories. Eight analysts have rated the inventory with a maintain suggestion and two have issued a purchase suggestion on the corporate. The common 12 month worth goal amongst brokers which have issued scores on the inventory within the final yr is $119.75.
A variety of analysts have commented on the inventory. Financial institution of America minimize shares of Financial institution of Montreal from a “purchase” ranking to a “impartial” ranking and minimize their worth goal for the corporate from $134.00 to $117.00 in a analysis notice on Wednesday, August twenty eighth. Scotiabank downgraded Financial institution of Montreal from a “sector outperform” ranking to a “sector carry out” ranking and lowered their worth goal for the inventory from $123.00 to $112.00 in a analysis report on Wednesday, August twenty eighth. TD Securities minimize shares of Financial institution of Montreal from a “purchase” ranking to a “maintain” ranking in a analysis report on Tuesday, August twenty seventh. Royal Financial institution of Canada lowered shares of Financial institution of Montreal from an “outperform” ranking to a “sector carry out” ranking in a analysis notice on Tuesday, July thirtieth. Lastly, Barclays minimize their worth goal on shares of Financial institution of Montreal from $132.00 to $126.00 and set an “obese” ranking for the corporate in a analysis report on Wednesday, August twenty eighth.
Financial institution of Montreal Inventory Up 0.3 %
Shares of BMO inventory opened at $94.92 on Wednesday. The agency’s fifty day shifting common worth is $91.87 and its two-hundred day shifting common worth is $88.22. The corporate has a present ratio of 0.98, a fast ratio of 0.98 and a debt-to-equity ratio of 0.13. Financial institution of Montreal has a 1 yr low of $76.98 and a 1 yr excessive of $100.12. The agency has a market capitalization of $69.25 billion, a P/E ratio of 14.95, a PEG ratio of two.56 and a beta of 1.10.
Financial institution of Montreal (NYSE:BMO – Get Free Report) (TSE:BMO) final issued its quarterly earnings outcomes on Tuesday, August twenty seventh. The financial institution reported $2.64 EPS for the quarter, lacking the consensus estimate of $2.76 by ($0.12). Financial institution of Montreal had a internet margin of 8.50% and a return on fairness of 11.23%. The corporate had income of $8.21 billion for the quarter, in comparison with analyst estimates of $8.25 billion. Throughout the identical interval final yr, the corporate posted $2.08 earnings per share. The enterprise’s income for the quarter was up .2% on a year-over-year foundation. On common, equities analysts predict that Financial institution of Montreal will publish 7.4 EPS for the present fiscal yr.
Financial institution of Montreal Cuts Dividend
The agency additionally not too long ago declared a quarterly dividend, which will likely be paid on Tuesday, November twenty sixth. Stockholders of report on Wednesday, October thirtieth will likely be given a $1.123 dividend. The ex-dividend date is Wednesday, October thirtieth. This represents a $4.49 dividend on an annualized foundation and a dividend yield of 4.73%. Financial institution of Montreal’s payout ratio is 72.13%.
Institutional Inflows and Outflows
A variety of hedge funds have not too long ago modified their holdings of BMO. UniSuper Administration Pty Ltd elevated its stake in Financial institution of Montreal by 96.2% within the first quarter. UniSuper Administration Pty Ltd now owns 10,200 shares of the financial institution’s inventory valued at $996,000 after buying an extra 5,000 shares over the past quarter. Bessemer Group Inc. grew its place in Financial institution of Montreal by 1,001.5% within the first quarter. Bessemer Group Inc. now owns 25,180 shares of the financial institution’s inventory valued at $2,459,000 after buying an extra 22,894 shares over the past quarter. Crewe Advisors LLC acquired a brand new place in Financial institution of Montreal in the course of the first quarter price about $70,000. Rodgers Brothers Inc. lifted its holdings in shares of Financial institution of Montreal by 13.7% within the first quarter. Rodgers Brothers Inc. now owns 12,475 shares of the financial institution’s inventory price $1,219,000 after buying an extra 1,500 shares over the past quarter. Lastly, Anson Funds Administration LP acquired a brand new stake in shares of Financial institution of Montreal within the 1st quarter valued at roughly $2,442,000. Institutional buyers personal 45.82% of the corporate’s inventory.
Financial institution of Montreal Firm Profile
Financial institution of Montreal gives diversified monetary companies primarily in North America. It operates by Canadian P&C, U.S P&C, BMO Wealth Administration, and BMO Capital Markets segments. The corporate’s private banking services and products embody deposits, mortgages, dwelling lending, client credit score, small enterprise lending, bank cards, money administration, monetary and funding recommendation, and different banking companies; and industrial banking services and products comprise varied of financing choices and treasury and fee options, in addition to threat administration merchandise.
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