Bank of Montreal (NYSE:BMO) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 10.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,130 shares of the bank’s stock after selling 2,773 shares during the period. Crossmark Global Holdings Inc.’s holdings in Bank of Montreal were worth $2,342,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings in shares of Bank of Montreal by 0.8% during the second quarter. Envestnet Asset Management Inc. now owns 63,454 shares of the bank’s stock valued at $5,321,000 after acquiring an additional 495 shares during the last quarter. AE Wealth Management LLC acquired a new position in Bank of Montreal in the 2nd quarter valued at $276,000. Ensign Peak Advisors Inc lifted its holdings in Bank of Montreal by 6.0% in the 2nd quarter. Ensign Peak Advisors Inc now owns 51,629 shares of the bank’s stock valued at $4,488,000 after purchasing an additional 2,900 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Bank of Montreal by 137.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,481 shares of the bank’s stock worth $125,000 after purchasing an additional 858 shares during the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Bank of Montreal by 415.6% during the second quarter. Squarepoint Ops LLC now owns 28,567 shares of the bank’s stock worth $2,395,000 after buying an additional 23,026 shares in the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.

Bank of Montreal Stock Up 0.0 %

Shares of NYSE:BMO opened at $100.14 on Friday. The company has a market capitalization of $73.09 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 1.41 and a beta of 1.09. Bank of Montreal has a 12-month low of $76.98 and a 12-month high of $104.63. The business has a 50-day moving average price of $97.11 and a 200 day moving average price of $91.04. 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be issued a $1.1329 dividend. 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 4.53%. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s dividend payout ratio is currently 65.62%.

Analysts Set New Price Targets

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

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.