Syon Capital LLC Has $620,000 Stock Holdings in Bank of Montreal (NYSE:BMO)

Syon Capital LLC lifted its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 16.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,269 shares of the bank’s stock after buying an additional 892 shares during the period. Syon Capital LLC’s holdings in Bank of Montreal were worth $620,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BMO. EverSource Wealth Advisors LLC boosted its stake in shares of Bank of Montreal by 192.1% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 333 shares of the bank’s stock worth $28,000 after buying an additional 219 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Bank of Montreal in the 3rd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Bank of Montreal in the 3rd quarter valued at about $33,000. Crewe Advisors LLC lifted its stake in Bank of Montreal by 63.5% in the 3rd quarter. Crewe Advisors LLC now owns 515 shares of the bank’s stock valued at $43,000 after purchasing an additional 200 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Bank of Montreal by 177.4% in the 4th quarter. Global Retirement Partners LLC now owns 527 shares of the bank’s stock valued at $50,000 after purchasing an additional 337 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BMO has been the subject of several recent analyst reports. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. Jefferies Financial Group assumed coverage on shares of Bank of Montreal in a report on Thursday, February 22nd. They issued a “buy” rating on the stock. Finally, Barclays assumed coverage on shares of Bank of Montreal in a report on Wednesday, March 20th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.00.

Bank of Montreal Stock Performance

Bank of Montreal stock traded down $1.81 during trading hours on Friday, hitting $90.91. The company had a trading volume of 3,829,898 shares, compared to its average volume of 738,574. The firm has a market cap of $66.30 billion, a PE ratio of 17.69, a PEG ratio of 1.78 and a beta of 1.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.94 and a quick ratio of 0.94. Bank of Montreal has a one year low of $73.98 and a one year high of $100.12. The firm has a 50-day moving average of $94.23 and a 200 day moving average of $90.09.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Tuesday, February 27th. The bank reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.34). Bank of Montreal had a net margin of 7.40% and a return on equity of 11.89%. The company had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $6.34 billion. On average, sell-side analysts expect that Bank of Montreal will post 8.94 earnings per share for the current year.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Monday, April 29th will be issued a dividend of $1.1172 per share. The ex-dividend date is Friday, April 26th. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.11. This represents a $4.47 annualized dividend and a dividend yield of 4.92%. Bank of Montreal’s dividend payout ratio (DPR) is currently 62.02%.

Bank of Montreal Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.