500 Shares in Bank of Montreal (NYSE:BMO) Acquired by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 500 shares of the bank’s stock, valued at approximately $45,000.

Other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. increased its stake in shares of Bank of Montreal by 1.3% in the 3rd quarter. D.A. Davidson & CO. now owns 8,602 shares of the bank’s stock valued at $776,000 after acquiring an additional 113 shares during the last quarter. Signaturefd LLC increased its stake in Bank of Montreal by 1.5% in the second quarter. Signaturefd LLC now owns 8,581 shares of the bank’s stock valued at $720,000 after purchasing an additional 123 shares in the last quarter. Boltwood Capital Management raised its holdings in Bank of Montreal by 3.1% in the third quarter. Boltwood Capital Management now owns 4,125 shares of the bank’s stock worth $372,000 after purchasing an additional 125 shares during the period. Whittier Trust Co. boosted its position in shares of 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 purchasing an additional 166 shares in the last quarter. Finally, Harbour Trust & Investment Management Co grew its holdings in shares of Bank of Montreal by 2.8% in the 3rd quarter. Harbour Trust & Investment Management Co now owns 6,340 shares of the bank’s stock valued at $572,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank of Montreal Stock Performance

Shares of BMO opened at $96.54 on Monday. The stock has a market capitalization of $70.44 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 1.42 and a beta of 1.10. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $104.63. The firm has a fifty day simple moving average of $94.86 and a 200 day simple moving average of $88.89. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be paid a dividend of $1.1329 per share. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.69%. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s dividend payout ratio is currently 67.34%.

Wall Street Analysts Forecast Growth

BMO has been the topic of several research analyst reports. StockNews.com downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Tuesday, December 17th. TD Securities lowered Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Barclays dropped their target price on shares of Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating on the stock in a report on Wednesday, August 28th. Jefferies Financial Group cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, Cibc World Mkts upgraded 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, seven have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $122.40.

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.