BNP Paribas Financial Markets Acquires 1,314 Shares of Bank of Montreal (NYSE:BMO)

BNP Paribas Financial Markets increased its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 47.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,057 shares of the bank’s stock after acquiring an additional 1,314 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bank of Montreal were worth $366,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. D.A. Davidson & CO. increased its position in Bank of Montreal by 1.3% during the third quarter. D.A. Davidson & CO. now owns 8,602 shares of the bank’s stock worth $776,000 after acquiring an additional 113 shares during the period. Signaturefd LLC grew its stake in Bank of Montreal by 1.5% during the second quarter. Signaturefd LLC now owns 8,581 shares of the bank’s stock worth $720,000 after buying an additional 123 shares in the last quarter. Boltwood Capital Management grew its stake in Bank of Montreal by 3.1% during the third quarter. Boltwood Capital Management now owns 4,125 shares of the bank’s stock worth $372,000 after buying an additional 125 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in Bank of Montreal by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 3,580 shares of the bank’s stock worth $300,000 after buying an additional 151 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in Bank of Montreal by 17.9% during the second quarter. Whittier Trust Co. now owns 1,092 shares of the bank’s stock worth $92,000 after buying an additional 166 shares in the last quarter. 45.82% of the stock is owned by institutional investors.

Bank of Montreal Stock Down 0.3 %

Bank of Montreal stock opened at $99.02 on Friday. 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 has a 52-week low of $76.98 and a 52-week high of $104.63. The firm has a 50 day moving average price of $94.24 and a two-hundred day moving average price of $88.58. The firm has a market cap of $72.25 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 1.42 and a beta of 1.10.

Bank of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a dividend of $1.1329 per share. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.12. The ex-dividend date is Thursday, January 30th. This represents a $4.53 annualized dividend and a yield of 4.58%. Bank of Montreal’s dividend payout ratio (DPR) is presently 67.34%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on BMO shares. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Monday, December 9th. 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. TD Securities downgraded shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $133.00 price target (up from $106.00) on shares of Bank of Montreal in a research note on Friday, December 6th. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Bank of Montreal has an average rating of “Hold” and a consensus price target of $122.40.

Bank of Montreal Company 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.