Dimensional Fund Advisors LP raised its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,800,439 shares of the bank’s stock after acquiring an additional 41,934 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.59% of Bank of Montreal worth $287,731,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Bank of Montreal by 5.4% in the second quarter. Vanguard Group Inc. now owns 14,592,498 shares of the bank’s stock valued at $1,071,673,000 after acquiring an additional 748,173 shares during the period. CIBC Asset Management Inc increased its position in shares of Bank of Montreal by 32.5% in the third quarter. CIBC Asset Management Inc now owns 7,059,573 shares of the bank’s stock valued at $532,857,000 after buying an additional 1,731,928 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Bank of Montreal by 6.8% in the third quarter. Great West Life Assurance Co. Can now owns 6,098,215 shares of the bank’s stock valued at $460,556,000 after buying an additional 390,688 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Bank of Montreal by 13.6% in the second quarter. The Manufacturers Life Insurance Company now owns 3,134,272 shares of the bank’s stock valued at $229,733,000 after buying an additional 374,747 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Bank of Montreal by 0.5% in the third quarter. Legal & General Group Plc now owns 2,988,626 shares of the bank’s stock valued at $225,653,000 after buying an additional 13,890 shares in the last quarter. 42.78% of the stock is owned by institutional investors.

Shares of Bank of Montreal (NYSE BMO) opened at $78.43 on Friday. The company has a market capitalization of $50,808.21, a P/E ratio of 12.57, a PEG ratio of 2.05 and a beta of 1.06. Bank of Montreal has a 12-month low of $66.75 and a 12-month high of $79.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Thursday, February 1st will be given a $0.733 dividend. The ex-dividend date of this dividend is Wednesday, January 31st. This is a boost from Bank of Montreal’s previous quarterly dividend of $0.72. This represents a $2.93 dividend on an annualized basis and a dividend yield of 3.74%. Bank of Montreal’s payout ratio is 46.45%.

A number of analysts have recently commented on the company. Canaccord Genuity restated a “hold” rating and issued a $105.00 price objective on shares of Bank of Montreal in a research report on Tuesday, December 5th. Scotiabank restated a “buy” rating and issued a $112.00 price objective on shares of Bank of Montreal in a research report on Wednesday, November 22nd. Zacks Investment Research upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Monday, November 20th. Macquarie assumed coverage on Bank of Montreal in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $81.00 price objective for the company. Finally, BidaskClub upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $98.20.

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Bank of Montreal 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.

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

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