HRT Financial LLC Invests $294,000 in Bank of Montreal (BMO)

HRT Financial LLC acquired a new position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,499 shares of the bank’s stock, valued at approximately $294,000.

Several other hedge funds have also made changes to their positions in BMO. JPMorgan Chase & Co. lifted its holdings in Bank of Montreal by 149.2% during the third quarter. JPMorgan Chase & Co. now owns 1,058,044 shares of the bank’s stock worth $87,321,000 after acquiring an additional 633,447 shares during the period. Janus Henderson Group PLC lifted its holdings in Bank of Montreal by 2.4% during the third quarter. Janus Henderson Group PLC now owns 199,661 shares of the bank’s stock worth $16,480,000 after acquiring an additional 4,629 shares during the period. Bank of New York Mellon Corp lifted its holdings in Bank of Montreal by 20.4% during the third quarter. Bank of New York Mellon Corp now owns 1,117,096 shares of the bank’s stock worth $92,194,000 after acquiring an additional 189,259 shares during the period. FMR LLC lifted its holdings in Bank of Montreal by 95.3% during the third quarter. FMR LLC now owns 1,196,445 shares of the bank’s stock worth $98,687,000 after acquiring an additional 583,957 shares during the period. Finally, Pictet Asset Management Ltd. lifted its holdings in Bank of Montreal by 46,510.1% during the third quarter. Pictet Asset Management Ltd. now owns 245,635 shares of the bank’s stock worth $20,246,000 after acquiring an additional 245,108 shares during the period. Institutional investors and hedge funds own 43.89% of the company’s stock.

Shares of NYSE BMO traded down $0.07 during mid-day trading on Monday, hitting $77.38. The company had a trading volume of 373,665 shares, compared to its average volume of 520,716. The stock has a market cap of $49.43 billion, a PE ratio of 11.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.17. Bank of Montreal has a 1 year low of $62.79 and a 1 year high of $84.36. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.03 and a current ratio of 1.03.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Tuesday, February 26th. The bank reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.70 by $0.06. The company had revenue of $5.59 billion during the quarter, compared to analysts’ expectations of $5.61 billion. Bank of Montreal had a return on equity of 14.89% and a net margin of 17.43%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.12 earnings per share. On average, sell-side analysts predict that Bank of Montreal will post 7.31 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Wednesday, May 1st will be given a dividend of $0.762 per share. This represents a $3.05 annualized dividend and a yield of 3.94%. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.75. The ex-dividend date is Tuesday, April 30th. Bank of Montreal’s payout ratio is presently 43.63%.

A number of analysts recently commented on the company. ValuEngine upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research lowered Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Finally, Bank of America lowered Bank of Montreal from a “neutral” rating to an “underperform” rating in a research note on Monday, January 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. Bank of Montreal presently has an average rating of “Hold” and a consensus price target of $105.33.

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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, 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, as well as wealth management products and services, such as insurance products.

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

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