Bank of Montreal (NYSE:BMO) Shares Purchased by Ritholtz Wealth Management
Ritholtz Wealth Management grew its position in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,472 shares of the bank's stock after purchasing an additional 2,797 shares during the period. Ritholtz Wealth Management's holdings in Bank of Montreal were worth $1,405,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Bank of Montreal by 261.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank's stock valued at $383,449,000 after purchasing an additional 3,074,389 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Bank of Montreal by 138.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,851,629 shares of the bank's stock worth $407,282,000 after buying an additional 2,816,385 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of Bank of Montreal by 14.9% in the 3rd quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank's stock worth $1,065,474,000 after acquiring an additional 1,534,508 shares during the period. International Assets Investment Management LLC bought a new position in shares of Bank of Montreal in the fourth quarter valued at approximately $760,000. Finally, FMR LLC increased its stake in shares of Bank of Montreal by 14.2% during the third quarter. FMR LLC now owns 5,046,721 shares of the bank's stock valued at $455,397,000 after acquiring an additional 625,797 shares during the period. Institutional investors own 45.82% of the company's stock.
NYSE BMO traded down $0.21 on Friday, hitting $98.99. 375,202 shares of the stock were exchanged, compared to its average volume of 436,652. The company's 50-day moving average price is $96.75 and its two-hundred day moving average price is $90.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. Bank of Montreal has a 52-week low of $76.98 and a 52-week high of $104.63. The company has a market capitalization of $72.23 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 1.37 and a beta of 1.09.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be issued a dividend of $1.1329 per share. This is a boost from Bank of Montreal's previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Thursday, January 30th. Bank of Montreal's dividend payout ratio (DPR) is currently 65.62%.
A number of equities analysts have issued reports on the company. Cibc World Mkts raised Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 6th. CIBC raised Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research note on Friday, December 6th. StockNews.com cut shares of Bank of Montreal from a "hold" rating to a "sell" rating in a research report on Tuesday, December 17th. Royal Bank of Canada upgraded shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and raised their price objective for the company from $133.00 to $161.00 in a research report on Wednesday, January 8th. Finally, Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research note on Friday, December 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $128.00.
Check Out Our Latest Report on 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.
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