Bank of Montreal (NYSE:BMO) (TSE:BMO) reached a new 52-week high during trading on Tuesday . The stock traded as high as $82.69 and last traded at $82.59, with a volume of 208420 shares changing hands. The stock had previously closed at $81.74.

BMO has been the subject of several recent analyst reports. Canaccord Genuity reissued a “hold” rating and set a $105.00 target price on shares of Bank of Montreal in a research note on Tuesday, December 5th. Macquarie initiated coverage on Bank of Montreal in a research note on Tuesday, October 24th. They set a “neutral” rating and a $81.00 target price for the company. Zacks Investment Research cut Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Finally, Scotiabank reissued a “buy” rating and set a $112.00 target price on shares of Bank of Montreal in a research note on Wednesday, November 22nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $98.20.

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13. The company has a market cap of $53,840.00, a P/E ratio of 13.05, a PEG ratio of 2.12 and a beta of 1.06.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Tuesday, December 5th. The bank reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.58 by ($0.03). Bank of Montreal had a return on equity of 14.11% and a net margin of 19.00%. sell-side analysts predict that Bank of Montreal will post 6.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.733 per share. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.72. The ex-dividend date is Wednesday, January 31st. This represents a $2.93 annualized dividend and a yield of 3.53%. Bank of Montreal’s dividend payout ratio (DPR) is 44.11%.

Hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc boosted its position in shares of Bank of Montreal by 32.5% during the third quarter. CIBC Asset Management Inc now owns 7,059,573 shares of the bank’s stock worth $532,857,000 after buying an additional 1,731,928 shares during the period. Public Sector Pension investment Board boosted its position in shares of Bank of Montreal by 13,359.7% during the second quarter. Public Sector Pension investment Board now owns 1,291,596 shares of the bank’s stock worth $94,699,000 after buying an additional 1,282,000 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Bank of Montreal by 123.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,405,000 shares of the bank’s stock worth $103,154,000 after buying an additional 776,318 shares during the period. Scotia Capital Inc. boosted its position in shares of Bank of Montreal by 50.2% during the second quarter. Scotia Capital Inc. now owns 2,271,198 shares of the bank’s stock worth $166,780,000 after buying an additional 758,940 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Bank of Montreal by 5.4% during the second quarter. Vanguard Group Inc. now owns 14,592,498 shares of the bank’s stock worth $1,071,673,000 after buying an additional 748,173 shares during the period. 42.83% of the stock is owned by institutional investors.

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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.

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