Bank of Montreal (NYSE:BMO) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,327 shares of the bank’s stock after selling 2,212 shares during the quarter. Keybank National Association OH’s holdings in Bank of Montreal were worth $1,099,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BMO. IFP Advisors Inc increased its stake in Bank of Montreal by 179.5% during the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock worth $30,000 after acquiring an additional 201 shares during the last quarter. Addison Advisors LLC increased its stake in Bank of Montreal by 282.8% during the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock worth $32,000 after acquiring an additional 246 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Bank of Montreal during the third quarter worth $45,000. First Horizon Advisors Inc. increased its stake in Bank of Montreal by 140.9% during the fourth quarter. First Horizon Advisors Inc. now owns 612 shares of the bank’s stock worth $59,000 after acquiring an additional 358 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Bank of Montreal by 47.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 680 shares of the bank’s stock worth $66,000 after acquiring an additional 219 shares during the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analyst Ratings Changes

BMO has been the subject of several recent analyst reports. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Royal Bank of Canada lifted their price objective on Bank of Montreal from $161.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Scotiabank raised Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. CIBC raised Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. Finally, StockNews.com raised Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Bank of Montreal presently has a consensus rating of “Moderate Buy” and an average target price of $128.40.

Bank of Montreal Trading Up 0.5 %

NYSE:BMO opened at $98.58 on Friday. The firm has a market cap of $71.85 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 1.43 and a beta of 1.07. The stock has a fifty day moving average price of $99.47 and a 200 day moving average price of $94.49. Bank of Montreal has a 12-month low of $76.98 and a 12-month high of $106.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $1.36. The firm had revenue of $9.27 billion during the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. Bank of Montreal’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $2.56 earnings per share. Sell-side analysts anticipate that Bank of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank of Montreal Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $1.1094 per share. This represents a $4.44 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio (DPR) is 57.09%.

About Bank of Montreal

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.