ST Germain D J Co. Inc. Sells 5,861 Shares of Bank of Montreal (NYSE:BMO)

ST Germain D J Co. Inc. decreased its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 5.1% during the first quarter, Holdings Channel.com reports. The fund owned 108,807 shares of the bank’s stock after selling 5,861 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Bank of Montreal were worth $10,628,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of BMO. Pathstone Family Office LLC increased its holdings in shares of Bank of Montreal by 49.5% in the third quarter. Pathstone Family Office LLC now owns 5,086 shares of the bank’s stock worth $437,000 after purchasing an additional 1,684 shares during the last quarter. UBS Group AG increased its stake in Bank of Montreal by 7.8% in the 3rd quarter. UBS Group AG now owns 212,203 shares of the bank’s stock worth $17,904,000 after acquiring an additional 15,366 shares during the last quarter. Blair William & Co. IL increased its stake in Bank of Montreal by 18.0% in the 3rd quarter. Blair William & Co. IL now owns 11,252 shares of the bank’s stock worth $949,000 after acquiring an additional 1,719 shares during the last quarter. Checchi Capital Advisers LLC raised its holdings in shares of Bank of Montreal by 4.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 3,177 shares of the bank’s stock worth $268,000 after acquiring an additional 141 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of Bank of Montreal by 27.2% in the third quarter. Kestra Advisory Services LLC now owns 8,319 shares of the bank’s stock valued at $702,000 after purchasing an additional 1,778 shares in the last quarter. 45.82% of the stock is currently owned by institutional investors.

Bank of Montreal Stock Up 0.4 %

NYSE BMO traded up $0.37 during trading on Tuesday, reaching $84.16. 739,716 shares of the company’s stock traded hands, compared to its average volume of 759,019. Bank of Montreal has a 12-month low of $73.98 and a 12-month high of $100.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market cap of $61.37 billion, a price-to-earnings ratio of 13.92, a price-to-earnings-growth ratio of 2.21 and a beta of 1.12. The company’s 50 day simple moving average is $91.20 and its two-hundred day simple moving average is $93.14.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 27th. Investors of record on Tuesday, July 30th will be paid a $1.125 dividend. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. The ex-dividend date is Tuesday, July 30th. This represents a $4.50 dividend on an annualized basis and a yield of 5.35%. Bank of Montreal’s payout ratio is 74.25%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BMO. StockNews.com raised shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. Keefe, Bruyette & Woods downgraded shares of Bank of Montreal from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $137.00 to $124.00 in a report on Monday, June 3rd. Jefferies Financial Group initiated coverage on Bank of Montreal in a research note on Thursday, February 22nd. They set a “buy” rating on the stock. Barclays began coverage on Bank of Montreal in a research note on Wednesday, March 20th. They issued an “overweight” rating for the company. Finally, Desjardins lowered Bank of Montreal from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Bank of Montreal presently has a consensus rating of “Moderate Buy” and an average target price of $127.50.

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.