UMB Bank n.a. Sells 5,125 Shares of Bank of Montreal (NYSE:BMO)

UMB Bank n.a. decreased its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 30.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Toronto Dominion Bank raised its position in shares of Bank of Montreal by 14.9% in the 3rd quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank’s stock valued at $1,065,474,000 after buying an additional 1,534,508 shares in the last quarter. FMR LLC lifted its stake in Bank of Montreal by 14.2% during the third quarter. FMR LLC now owns 5,046,721 shares of the bank’s stock worth $455,397,000 after purchasing an additional 625,797 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Bank of Montreal by 138.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,851,629 shares of the bank’s stock valued at $407,282,000 after purchasing an additional 2,816,385 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Bank of Montreal by 2.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,793,309 shares of the bank’s stock valued at $432,823,000 after purchasing an additional 114,909 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Bank of Montreal by 261.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank’s stock worth $383,449,000 after buying an additional 3,074,389 shares in the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BMO. Scotiabank raised Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. StockNews.com lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a report on Tuesday, December 17th. 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 note on Wednesday, January 8th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $128.00.

Bank of Montreal Stock Performance

NYSE BMO opened at $100.21 on Wednesday. The company has a market capitalization of $73.15 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.39 and a beta of 1.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $104.63. The stock has a fifty day simple moving average of $96.85 and a 200 day simple moving average of $90.86.

Bank of Montreal Increases Dividend

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

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.