Sei Investments Co. decreased its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,265,622 shares of the bank’s stock after selling 18,005 shares during the period. Sei Investments Co. owned about 0.20% of Bank of Montreal worth $98,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Usca Ria LLC bought a new stake in shares of Bank of Montreal during the 3rd quarter valued at $30,000. Horan Capital Advisors LLC. bought a new stake in shares of Bank of Montreal during the 3rd quarter valued at $33,000. Duncker Streett & Co. Inc. purchased a new position in shares of Bank of Montreal during the 4th quarter valued at $66,000. Allworth Financial LP purchased a new position in shares of Bank of Montreal during the 4th quarter valued at $101,000. Finally, Bartlett & Co. LLC purchased a new position in shares of Bank of Montreal during the 3rd quarter valued at $98,000. 41.94% of the stock is owned by hedge funds and other institutional investors.

Several analysts have commented on BMO shares. Zacks Investment Research upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating and set a $86.00 price target on the stock in a research note on Tuesday, February 4th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating and set a $109.00 price target on the stock in a research note on Tuesday, December 3rd. Credit Suisse Group boosted their price target on shares of Bank of Montreal from $93.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 4th. Citigroup cut 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 note on Tuesday, December 17th. Finally, Oppenheimer upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating in a research note on Wednesday, December 4th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Bank of Montreal has a consensus rating of “Hold” and an average target price of $99.25.

Shares of Bank of Montreal stock traded up $0.11 during trading hours on Friday, reaching $76.84. The company’s stock had a trading volume of 198,293 shares, compared to its average volume of 541,326. The stock has a market cap of $49.07 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.00 and a beta of 1.10. Bank of Montreal has a one year low of $66.42 and a one year high of $79.93. The firm has a 50 day moving average price of $77.77 and a 200-day moving average price of $74.68. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 1.02.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Tuesday, December 3rd. The bank reported $2.43 EPS for the quarter, beating the consensus estimate of $1.82 by $0.61. The company had revenue of $6.09 billion for 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 firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.32 EPS. As a group, sell-side analysts forecast that Bank of Montreal will post 7.47 EPS for the current fiscal year.

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

Bank of Montreal Company 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.

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

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