Taylor Asset Management Inc trimmed its investment by selling 9,000 shares a decrease of 3.1% from 06/30/2017 to 09/30/2017. Moreover, Bank Of New York Mellon Corp has 0% invested in the company for 51,066 shares. Advisory Services Network LLC now owns 1,568 shares of the bank's stock valued at $115,000 after buying an additional 1,260 shares during the last quarter. Motco bought a new position in shares of Bank Of Montreal during the third quarter valued at approximately $108,000. IL grew its stake in Bank Of Montreal by 6.5% during the 2nd quarter. Can now owns 6,098,215 shares of the bank's stock valued at $460,556,000 after acquiring an additional 390,688 shares in the last quarter.
Td Asset Management Inc isn't the only one who has changed their investment in BMO.
Xcel Energy Inc.is a public utility holding company. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and global copyright legislation. The legal version of this piece of content can be viewed at https://www.truebluetribune.com/2017/11/13/cibc-asset-management-inc-has-532-86-million-holdings-in-bank-of-montreal-bmo.html. Days to cover decreased from 14.0 to 9.0 and the percentage of shorted shares was 0.01% on October 31.
The target payout ratio for Bank of Montreal is now measuring at 42.60%, outlining what size the company's dividends should be. BMO's profit would be $1.04 billion giving it 12.07 P/E if the $1.60 EPS is correct.
The forward P/E of Bank of Montreal is at 11.8 signifying the uses of estimated net earnings over the next 12 months. As of the last earnings report the EPS was $6.41 with 647.74M shares presently outstanding.
In the market the company is trading down by 0.26% percent from yesterday's close. The company's EPS growth for the following year is valued at 3.15%, indicating an EPS value of 7.40% for the past 5 years, and an EPS value of 4.24% for the coming five years.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Div. & Inc. Fund (DEX) has risen 22.39% since November 12, 2016 and is uptrending. This is a boost from Bank Of Montreal's previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $2.87 annualized dividend and a dividend yield of 3.71%.
Several research firms recently commented on BMO.
The price-to-book ratio of 1.65 for Bank of Montreal (NYSE:BMO) implies that investors are highly hopeful for the organization to create more value from the given set of assets. Macquarie started coverage on shares of Bank Of Montreal in a report on Tuesday, October 24th. They issued a neutral rating and a $81.00 target price for the company. Canaccord Genuity set a $102.00 price objective on Bank Of Montreal and gave the stock a hold rating in a research note on Tuesday, August 29th. The stock of Bank of Montreal (USA) (NYSE:BMO) earned "Neutral" rating by Credit Suisse on Wednesday, November 23. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. The value of the company's investment in Bank of Montreal went from $8,462,000 to $8,192,000 decreasing 3.2% quarter over quarter. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products.