UMB Bank n.a. Has $1.12 Million Stock Holdings in Bank of Montreal (NYSE:BMO)

UMB Bank n.a. lowered its stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 30.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,508 shares of the bank’s stock after selling 5,125 shares during the quarter. UMB Bank n.a.’s holdings in Bank of Montreal were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of BMO. Strategic Investment Solutions Inc. IL acquired a new position in shares of Bank of Montreal during the 2nd quarter worth approximately $34,000. Wilmington Savings Fund Society FSB acquired a new position in Bank of Montreal during the third quarter worth $45,000. GHP Investment Advisors Inc. raised its position in Bank of Montreal by 244.1% during the third quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock worth $50,000 after acquiring an additional 393 shares in the last quarter. Blue Trust Inc. lifted its stake in Bank of Montreal by 207.8% in the third quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock valued at $56,000 after acquiring an additional 451 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Bank of Montreal by 44.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,103 shares of the bank’s stock valued at $99,000 after acquiring an additional 342 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Trading Up 1.2 %

BMO stock opened at $100.21 on Wednesday. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $104.63. The company has a market capitalization of $73.15 billion, a PE ratio of 14.36, a price-to-earnings-growth ratio of 1.39 and a beta of 1.09. The company’s 50-day simple moving average is $96.85 and its 200 day simple moving average is $90.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be issued a dividend of $1.1329 per share. The ex-dividend date of this dividend is Thursday, January 30th. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a dividend yield of 4.52%. Bank of Montreal’s dividend payout ratio (DPR) is currently 65.62%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. StockNews.com cut Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Tuesday, December 17th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. Finally, Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $133.00 to $161.00 in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $128.00.

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.