Crossmark Global Holdings Inc. Sells 2,773 Shares of Bank of Montreal (NYSE:BMO)

Crossmark Global Holdings Inc. lessened its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,130 shares of the bank’s stock after selling 2,773 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Bank of Montreal were worth $2,342,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BMO. Pathway Financial Advisers LLC increased its holdings in shares of Bank of Montreal by 2,701.7% during the third quarter. Pathway Financial Advisers LLC now owns 30,454 shares of the bank’s stock valued at $2,747,000 after acquiring an additional 29,367 shares in the last quarter. Wellington Management Group LLP increased its stake in Bank of Montreal by 80.0% during the 3rd quarter. Wellington Management Group LLP now owns 125,572 shares of the bank’s stock valued at $11,344,000 after purchasing an additional 55,823 shares in the last quarter. Intact Investment Management Inc. lifted its stake in shares of Bank of Montreal by 72.9% during the third quarter. Intact Investment Management Inc. now owns 588,209 shares of the bank’s stock worth $53,082,000 after buying an additional 248,098 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Bank of Montreal by 4.5% during the third quarter. JPMorgan Chase & Co. now owns 3,327,465 shares of the bank’s stock worth $300,137,000 after buying an additional 144,252 shares during the period. Finally, Cardinal Capital Management Inc. grew its holdings in shares of Bank of Montreal by 4.9% during the third quarter. Cardinal Capital Management Inc. now owns 1,298,627 shares of the bank’s stock valued at $117,326,000 after buying an additional 60,155 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank of Montreal Trading Up 0.0 %

BMO stock opened at $100.14 on Friday. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $104.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a market cap of $73.09 billion, a P/E ratio of 14.35, a PEG ratio of 1.41 and a beta of 1.09. The company’s 50-day simple moving average is $97.11 and its 200-day simple moving average is $91.04.

Bank of Montreal Increases Dividend

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

Analyst Ratings Changes

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

Bank of Montreal 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.