Sabal Trust CO lessened its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 326,076 shares of the bank’s stock after selling 1,085 shares during the period. Bank of Montreal accounts for approximately 2.7% of Sabal Trust CO’s holdings, making the stock its 21st biggest position. Sabal Trust CO’s holdings in Bank of Montreal were worth $26,093,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Motco bought a new stake in shares of Bank of Montreal during the 3rd quarter valued at about $108,000. Advisory Services Network LLC grew its position in shares of Bank of Montreal by 409.1% during the 2nd quarter. 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. Sei Investments Co. grew its position in shares of Bank of Montreal by 6,400.0% during the 3rd quarter. Sei Investments Co. now owns 2,015 shares of the bank’s stock valued at $174,000 after buying an additional 1,984 shares during the last quarter. Zions Bancorporation grew its position in shares of Bank of Montreal by 3,656.5% during the 3rd quarter. Zions Bancorporation now owns 2,329 shares of the bank’s stock valued at $176,000 after buying an additional 2,267 shares during the last quarter. Finally, Sii Investments Inc. WI bought a new stake in shares of Bank of Montreal during the 3rd quarter valued at about $201,000. 42.80% of the stock is owned by institutional investors and hedge funds.
Bank of Montreal (NYSE BMO) opened at $75.63 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market cap of $50,438.98, a PE ratio of 12.50, a price-to-earnings-growth ratio of 1.65 and a beta of 1.04. Bank of Montreal has a one year low of $66.75 and a one year high of $84.71.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Thursday, February 1st will be paid a dividend of $0.733 per share. This represents a $2.93 dividend on an annualized basis and a yield of 3.88%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Wednesday, January 31st. Bank of Montreal’s payout ratio is presently 48.43%.
BMO has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Bank of Montreal from a “hold” rating to a “buy” rating and set a $87.00 price objective for the company in a research report on Tuesday. Macquarie initiated coverage on shares of Bank of Montreal in a research report on Tuesday, October 24th. They set a “neutral” rating and a $81.00 price objective for the company. Canaccord Genuity reaffirmed a “hold” rating and set a $105.00 price objective on shares of Bank of Montreal in a research report on Tuesday, December 5th. Finally, Scotiabank reaffirmed a “buy” rating and set a $112.00 price objective on shares of Bank of Montreal in a research report on Wednesday, November 22nd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $98.60.
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Bank of Montreal Company 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.
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