5,302 Shares in Bank of Montreal (NYSE:BMO) Purchased by Virtu Financial LLC (2024)

Virtu Financial LLC acquired a new stake in shares of Bank of Montreal (NYSE:BMO – Free Report) (TSE:BMO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,302 shares of the bank’s stock, valued at approximately $525,000.

A number of other institutional investors also recently added to or reduced their stakes in BMO. Principal Securities Inc. acquired a new stake in Bank of Montreal during the fourth quarter valued at approximately $33,000. Cullen Frost Bankers Inc. boosted its holdings in Bank of Montreal by 3,375.0% during the fourth quarter. Cullen Frost Bankers Inc. now owns 417 shares of the bank’s stock valued at $41,000 after purchasing an additional 405 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Bank of Montreal during the fourth quarter valued at approximately $44,000. EverSource Wealth Advisors LLC boosted its holdings in Bank of Montreal by 39.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 463 shares of the bank’s stock valued at $46,000 after purchasing an additional 130 shares in the last quarter. Finally, IAG Wealth Partners LLC boosted its holdings in Bank of Montreal by 117.5% during the fourth quarter. IAG Wealth Partners LLC now owns 496 shares of the bank’s stock valued at $49,000 after purchasing an additional 268 shares in the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

Bank of Montreal Stock Up 0.2 %

NYSE:BMO opened at $83.79 on Tuesday. The stock’s fifty day moving average price is $91.20 and its two-hundred day moving average price is $93.14. Bank of Montreal has a 52-week low of $73.98 and a 52-week high of $100.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market cap of $61.10 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 2.21 and a beta of 1.12.

Bank of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Shareholders of record on Tuesday, July 30th will be issued a dividend of $1.125 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. The ex-dividend date is Tuesday, July 30th. This represents a $4.50 annualized dividend and a yield of 5.37%. Bank of Montreal’s dividend payout ratio is currently 74.25%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. Desjardins cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Jefferies Financial Group assumed coverage on shares of Bank of Montreal in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Barclays assumed coverage on shares of Bank of Montreal in a research note on Wednesday, March 20th. They issued an “overweight” rating for the company. Finally, Keefe, Bruyette & Woods cut shares of Bank of Montreal from an “outperform” rating to a “market perform” rating and cut their target price for the company from $137.00 to $124.00 in a research note on Monday, June 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Get Our Latest Analysis on Bank of Montreal

About Bank of Montreal

(Free Report)

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.

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