Sei Investments Co. lowered its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,265,622 shares of the bank’s stock after selling 18,005 shares during the quarter. Sei Investments Co.’s holdings in Bank of Montreal were worth $98,085,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Meag Munich Ergo Kapitalanlagegesellschaft MBH grew its holdings in Bank of Montreal by 6.2% during the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 6,719 shares of the bank’s stock valued at $494,000 after purchasing an additional 390 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its position in Bank of Montreal by 3.5% during the third quarter. Beutel Goodman & Co Ltd. now owns 6,608,610 shares of the bank’s stock valued at $486,811,000 after acquiring an additional 220,938 shares during the last quarter. Lakeview Capital Partners LLC lifted its position in Bank of Montreal by 4.5% during the third quarter. Lakeview Capital Partners LLC now owns 3,135 shares of the bank’s stock valued at $231,000 after acquiring an additional 135 shares during the last quarter. First American Bank purchased a new stake in Bank of Montreal during the fourth quarter valued at approximately $939,000. Finally, Stifel Financial Corp lifted its position in Bank of Montreal by 23.2% during the third quarter. Stifel Financial Corp now owns 47,360 shares of the bank’s stock valued at $3,487,000 after acquiring an additional 8,923 shares during the last quarter. Hedge funds and other institutional investors own 41.94% of the company’s stock.

A number of research analysts have issued reports on BMO shares. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating and set a $109.00 price target for the company in a report on Tuesday, December 3rd. Citigroup lowered shares of Bank of Montreal from a “buy” rating to a “neutral” rating and set a $108.00 price target on the stock. in a research report on Tuesday, December 17th. Credit Suisse Group lifted their target price on shares of Bank of Montreal from $93.00 to $94.00 and gave the company a “neutral” rating in a research report on Wednesday, December 4th. Zacks Investment Research upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating and set a $86.00 target price on the stock in a research report on Tuesday, February 4th. Finally, ValuEngine raised shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Saturday, January 18th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $99.25.

NYSE BMO traded up $0.11 on Friday, hitting $76.84. 198,293 shares of the stock were exchanged, compared to its average volume of 541,326. The company has a market cap of $49.07 billion, a PE ratio of 11.77, a PEG ratio of 2.00 and a beta of 1.10. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. Bank of Montreal has a fifty-two week low of $66.42 and a fifty-two week high of $79.93. The company has a 50-day moving average price of $77.77 and a 200-day moving average price of $74.68.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Tuesday, December 3rd. The bank reported $2.43 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.61. The business had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $5.86 billion. Bank of Montreal had a net margin of 14.86% and a return on equity of 14.03%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.32 EPS. As a group, equities research analysts predict that Bank of Montreal will post 7.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, February 3rd will be given a $0.7965 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $0.78. The ex-dividend date is Friday, January 31st. This represents a $3.19 annualized dividend and a yield of 4.15%. Bank of Montreal’s dividend payout ratio is 45.07%.

Bank of Montreal Profile

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.

See Also: Diluted Earnings Per Share

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

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