Wilmington Savings Fund Society FSB Has $102,000 Stock Position in Bank of Montreal (NYSE:BMO)

Wilmington Savings Fund Society FSB lifted its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 110.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,051 shares of the bank’s stock after buying an additional 551 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Bank of Montreal were worth $102,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of BMO. GHP Investment Advisors Inc. grew its position in Bank of Montreal by 244.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock worth $50,000 after acquiring an additional 393 shares during the last quarter. Blue Trust Inc. grew its position in Bank of Montreal by 207.8% during the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after acquiring an additional 451 shares during 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. McGlone Suttner Wealth Management Inc. bought a new stake in Bank of Montreal during the 4th quarter worth $76,000. Finally, Farther Finance Advisors LLC grew its position in Bank of Montreal by 44.9% during 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. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BMO. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. StockNews.com upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Tuesday. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price target for the company from $133.00 to $161.00 in a research report on Wednesday, January 8th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. Finally, CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.00.

Bank of Montreal Stock Up 1.8 %

Shares of NYSE:BMO opened at $100.42 on Friday. The company has a market capitalization of $73.30 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.40 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50-day moving average is $98.60 and its 200-day moving average is $92.40. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $104.63.

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 $1.1329 dividend. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.51%. 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 payout ratio is currently 63.32%.

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.