Cwm LLC Sells 421 Shares of Bank of Montreal (NYSE:BMO)

Cwm LLC lessened its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 38.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 678 shares of the bank’s stock after selling 421 shares during the quarter. Cwm LLC’s holdings in Bank of Montreal were worth $67,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in BMO. EverSource Wealth Advisors LLC lifted its holdings in shares of Bank of Montreal by 192.1% during the third quarter. EverSource Wealth Advisors LLC now owns 333 shares of the bank’s stock worth $28,000 after purchasing an additional 219 shares during the period. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in shares of Bank of Montreal in the third quarter valued at about $33,000. Crewe Advisors LLC raised its position in shares of Bank of Montreal by 63.5% during the third quarter. Crewe Advisors LLC now owns 515 shares of the bank’s stock worth $43,000 after acquiring an additional 200 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Bank of Montreal by 177.4% in the fourth quarter. Global Retirement Partners LLC now owns 527 shares of the bank’s stock valued at $50,000 after acquiring an additional 337 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new stake in Bank of Montreal during the 4th quarter valued at approximately $59,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BMO shares. Barclays assumed coverage on shares of Bank of Montreal in a research note on Wednesday, March 20th. They issued an “overweight” rating on the stock. StockNews.com raised Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. Finally, Jefferies Financial Group assumed coverage on Bank of Montreal in a research note on Thursday, February 22nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.00.

Bank of Montreal Trading Up 0.9 %

BMO opened at $92.88 on Thursday. The company has a fifty day moving average price of $93.73 and a two-hundred day moving average price of $90.79. Bank of Montreal has a 1-year low of $73.98 and a 1-year high of $100.12. The company has a market cap of $67.73 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.75 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Tuesday, February 27th. The bank reported $1.90 earnings per share for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.34). Bank of Montreal had a return on equity of 11.89% and a net margin of 7.40%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $6.34 billion. Analysts predict that Bank of Montreal will post 8.94 EPS for the current fiscal year.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, April 29th will be issued a $1.1172 dividend. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.11. This represents a $4.47 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Friday, April 26th. Bank of Montreal’s dividend payout ratio (DPR) is currently 41.79%.

About Bank of Montreal

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.