Fifth Third Bancorp Has $1,067,000 Position in Bank Of Montreal (BMO)

Fifth Third Bancorp maintained its stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,280 shares of the company’s stock at the end of the fourth quarter. Fifth Third Bancorp’s holdings in Bank Of Montreal were worth $1,067,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Capital Research Global Investors raised its stake in shares of Bank Of Montreal by 1.6% in the third quarter. Capital Research Global Investors now owns 12,928,682 shares of the company’s stock valued at $847,196,000 after buying an additional 199,522 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Bank Of Montreal by 7.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,532,465 shares of the company’s stock valued at $296,485,000 after buying an additional 325,359 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Bank Of Montreal by 2.3% in the second quarter. Legal & General Group Plc now owns 3,067,790 shares of the company’s stock valued at $193,634,000 after buying an additional 69,811 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Bank Of Montreal during the third quarter valued at approximately $138,022,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Bank Of Montreal by 1.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,850,558 shares of the company’s stock valued at $121,287,000 after buying an additional 26,386 shares in the last quarter. Hedge funds and other institutional investors own 47.82% of the company’s stock.

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

Bank Of Montreal (NYSE:BMO) opened at 77.54 on Friday. The company has a 50 day moving average price of $75.00 and a 200 day moving average price of $68.20. The firm has a market capitalization of $50.25 billion, a P/E ratio of 14.72 and a beta of 1.06. Bank Of Montreal has a 52-week low of $50.97 and a 52-week high of $77.81.

Bank Of Montreal (NYSE:BMO) last posted its quarterly earnings results on Tuesday, December 6th. The company reported $2.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.25. The business earned $5.28 billion during the quarter. Bank Of Montreal had a net margin of 17.99% and a return on equity of 13.38%. The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.90 EPS. On average, equities analysts forecast that Bank Of Montreal will post $5.94 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Wednesday, February 1st will be paid a $0.6549 dividend. The ex-dividend date of this dividend is Monday, January 30th. This represents a $2.62 annualized dividend and a dividend yield of 3.38%. Bank Of Montreal’s dividend payout ratio (DPR) is 50.19%.

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Several analysts have recently commented on BMO shares. Canaccord Genuity upgraded Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Wednesday, December 7th. Credit Suisse Group upgraded Bank Of Montreal from an “underperform” rating to a “neutral” rating in a report on Wednesday, November 23rd. Zacks Investment Research upgraded Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Friday, November 18th. RBC Capital Markets reiterated a “sector perform” rating and set a $97.00 price objective (up previously from $86.00) on shares of Bank Of Montreal in a report on Wednesday, December 7th. Finally, BMO Capital Markets reiterated an “in-line” rating on shares of Bank Of Montreal in a report on Friday, January 20th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $86.91.

Bank Of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

5 Day Chart for NYSE:BMO

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