AMP Capital Investors Ltd decreased its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 8.9% during the 4th quarter, HoldingsChannel reports. The firm owned 251,255 shares of the bank’s stock after selling 24,524 shares during the quarter. AMP Capital Investors Ltd’s holdings in Bank of Montreal were worth $20,170,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Motco bought a new position in Bank of Montreal in the third quarter worth approximately $108,000. Sei Investments Co. boosted its holdings in Bank of Montreal by 6,400.0% in the third quarter. Sei Investments Co. now owns 2,015 shares of the bank’s stock worth $174,000 after acquiring an additional 1,984 shares in the last quarter. Zions Bancorporation boosted its holdings in Bank of Montreal by 3,656.5% in the third quarter. Zions Bancorporation now owns 2,329 shares of the bank’s stock worth $176,000 after acquiring an additional 2,267 shares in the last quarter. Icon Wealth Partners LLC bought a new position in Bank of Montreal in the fourth quarter worth approximately $195,000. Finally, Sii Investments Inc. WI bought a new position in Bank of Montreal in the third quarter worth approximately $201,000. Institutional investors own 44.76% of the company’s stock.
Bank of Montreal (NYSE BMO) opened at $76.46 on Monday. Bank of Montreal has a fifty-two week low of $66.75 and a fifty-two week high of $84.71. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $49,590.00, a P/E ratio of 13.73, a PEG ratio of 1.62 and a beta of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Monday, May 28th. Stockholders of record on Tuesday, May 1st will be issued a $0.755 dividend. This represents a $3.02 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Monday, April 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.73. Bank of Montreal’s dividend payout ratio (DPR) is currently 52.60%.
Several research analysts have issued reports on the company. Canaccord Genuity reiterated a “hold” rating and issued a $105.00 price target on shares of Bank of Montreal in a report on Tuesday, December 5th. Macquarie upgraded Bank of Montreal from a “neutral” rating to an “outperform” rating in a report on Thursday, February 15th. Zacks Investment Research lowered Bank of Montreal from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, Scotiabank reiterated a “buy” rating and issued a $112.00 price target on shares of Bank of Montreal in a report on Wednesday, November 22nd. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Bank of Montreal presently has an average rating of “Hold” and a consensus 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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