Pacifica Partners Inc. Sells 320 Shares of Bank of Montreal (NYSE:BMO)

Pacifica Partners Inc. decreased its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 5.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,660 shares of the bank’s stock after selling 320 shares during the quarter. Pacifica Partners Inc.’s holdings in Bank of Montreal were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new stake in Bank of Montreal during the 2nd quarter valued at $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Bank of Montreal during the third quarter valued at about $45,000. GHP Investment Advisors Inc. increased its position in shares of 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. increased its position in shares of Bank of Montreal by 207.8% during the third quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after acquiring an additional 451 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings 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 worth $99,000 after acquiring an additional 342 shares during the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BMO has been the subject of a number of recent research reports. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $133.00 to $161.00 in a report on Wednesday, January 8th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. 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, StockNews.com downgraded shares of Bank of Montreal from a “hold” rating to a “sell” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Bank of Montreal has an average rating of “Hold” and a consensus price target of $128.00.

Bank of Montreal Trading Up 0.9 %

NYSE:BMO opened at $97.80 on Wednesday. The firm’s 50 day moving average is $96.39 and its 200 day moving average is $90.44. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $104.63. The stock has a market capitalization of $71.36 billion, a PE ratio of 14.01, a price-to-earnings-growth ratio of 1.42 and a beta of 1.09. 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 Increases Dividend

The company also recently declared 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 4.63%. 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. Bank of Montreal’s dividend payout ratio is currently 63.18%.

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.