Bank of Montreal (NYSE:BMO) Shares Acquired by Caisse DE Depot ET Placement DU Quebec
Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Bank of Montreal (NYSE:BMO – Free Report) (TSE:BMO) by 1.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,514,987 shares of the bank’s stock after buying an additional 68,478 shares during the period. Bank of Montreal makes up approximately 1.3% of Caisse DE Depot ET Placement DU Quebec’s portfolio, making the stock its 15th largest position. Caisse DE Depot ET Placement DU Quebec owned about 0.77% of Bank of Montreal worth $498,631,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Crewe Advisors LLC acquired a new stake in Bank of Montreal in the 2nd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in Bank of Montreal in the 1st quarter valued at approximately $36,000. Stonebridge Capital Advisors LLC increased its holdings in Bank of Montreal by 339.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 439 shares of the bank’s stock valued at $40,000 after purchasing an additional 339 shares during the last quarter. Private Trust Co. NA increased its holdings in Bank of Montreal by 70.9% in the 2nd quarter. Private Trust Co. NA now owns 598 shares of the bank’s stock valued at $54,000 after purchasing an additional 248 shares during the last quarter. Finally, Compass Wealth Management LLC acquired a new stake in Bank of Montreal in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 43.89% of the company’s stock.
Analyst Upgrades and Downgrades
BMO has been the subject of several research reports. StockNews.com began coverage on shares of Bank of Montreal in a report on Thursday, October 5th. They issued a “sell” rating for the company. Barclays boosted their price target on shares of Bank of Montreal from $123.00 to $131.00 and gave the stock an “overweight” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Bank of Montreal has a consensus rating of “Hold” and an average target price of $139.25.
Check Out Our Latest Stock Report on BMO
Bank of Montreal Stock Up 1.3 %
Shares of NYSE:BMO traded up $1.16 during trading on Friday, hitting $87.23. The company’s stock had a trading volume of 796,421 shares, compared to its average volume of 694,576. The business has a 50 day moving average price of $80.24 and a two-hundred day moving average price of $85.15. The company has a market capitalization of $62.89 billion, a PE ratio of 20.87, a P/E/G ratio of 1.35 and a beta of 1.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.96 and a current ratio of 0.96. Bank of Montreal has a fifty-two week low of $73.98 and a fifty-two week high of $102.79.
Bank of Montreal Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 27th. Stockholders of record on Tuesday, January 30th will be given a dividend of $1.1137 per share. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.11. This represents a $4.45 annualized dividend and a dividend yield of 5.11%. The ex-dividend date is Monday, January 29th. Bank of Montreal’s payout ratio is 103.59%.
About Bank of Montreal (Free Report)
Bank of Montreal provides diversified financial services primarily in North America. 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, specialized banking programs, treasury and payment solutions, and risk management products for small business and commercial banking customers.
See Also
Want to see what other hedge funds are holding BMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Montreal (NYSE:BMO – Free Report) (TSE:BMO).
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