ST Germain D J Co. Inc. Has $7.11 Million Stake in Bank of Montreal (NYSE:BMO)

ST Germain D J Co. Inc. reduced its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 2.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 73,222 shares of the bank’s stock after selling 2,141 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Bank of Montreal were worth $7,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Strategic Investment Solutions Inc. IL acquired a new stake in Bank of Montreal in the 2nd quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Bank of Montreal in the third quarter valued at approximately $45,000. GHP Investment Advisors Inc. grew its stake in shares of Bank of Montreal by 244.1% in 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 during the last quarter. Blue Trust Inc. grew its stake in shares of Bank of Montreal by 207.8% in the third quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after acquiring an additional 451 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its position in Bank of Montreal by 44.9% during the third quarter. Farther Finance Advisors LLC now owns 1,103 shares of the bank’s stock worth $99,000 after acquiring an additional 342 shares during the period. 45.82% of the stock is currently owned by institutional investors.

Bank of Montreal Price Performance

Shares of NYSE BMO traded down $0.94 during midday trading on Friday, reaching $97.50. 169,338 shares of the company traded hands, compared to its average volume of 481,736. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $104.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The stock’s 50-day simple moving average is $95.99 and its 200-day simple moving average is $90.08. The firm has a market cap of $71.14 billion, a PE ratio of 13.97, a PEG ratio of 1.42 and a beta of 1.09.

Bank of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be paid a dividend of $1.1329 per share. This represents a $4.53 annualized dividend and a yield of 4.65%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s dividend payout ratio is currently 67.34%.

Analyst Ratings Changes

BMO has been the topic of several research analyst reports. Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $133.00 to $161.00 in a research note on Wednesday. CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. StockNews.com cut Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th. Finally, Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from 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.