18,521 Shares in Bank of Montreal (NYSE:BMO) Purchased by Columbus Macro LLC

Columbus Macro LLC acquired a new stake in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,521 shares of the bank’s stock, valued at approximately $1,797,000.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Bank of Montreal during the 3rd quarter valued at about $45,000. GHP Investment Advisors Inc. raised 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 valued at $50,000 after acquiring an additional 393 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Bank of Montreal by 207.8% in the 3rd 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. MassMutual Private Wealth & Trust FSB grew its position in Bank of Montreal by 47.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 680 shares of the bank’s stock worth $66,000 after acquiring an additional 219 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Bank of Montreal during the 4th quarter valued at $76,000. 45.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $133.00 to $161.00 in a report on Wednesday, January 8th. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. 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. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, December 6th. Finally, StockNews.com cut shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $128.00.

Bank of Montreal Stock Performance

Shares of Bank of Montreal stock opened at $97.55 on Wednesday. Bank of Montreal has a 52 week low of $76.98 and a 52 week 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 has a market capitalization of $71.21 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 1.39 and a beta of 1.09. The firm has a fifty day moving average of $98.04 and a two-hundred day moving average of $91.85.

Bank of Montreal Increases Dividend

The business also recently announced 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 is a positive change from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s payout ratio is presently 63.32%.

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.