2,115 Shares in Bank of Montreal (NYSE:BMO) Acquired by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. purchased a new stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,115 shares of the bank’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC lifted its position in Bank of Montreal by 2,701.7% in the 3rd quarter. Pathway Financial Advisers LLC now owns 30,454 shares of the bank’s stock valued at $2,747,000 after acquiring an additional 29,367 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in shares of Bank of Montreal in the fourth quarter valued at about $346,000. Five Oceans Advisors acquired a new position in shares of Bank of Montreal during the fourth quarter worth about $327,000. Wellington Management Group LLP grew its holdings in shares of Bank of Montreal by 80.0% during the third quarter. Wellington Management Group LLP now owns 125,572 shares of the bank’s stock worth $11,344,000 after buying an additional 55,823 shares in the last quarter. Finally, Intact Investment Management Inc. raised its position in Bank of Montreal by 72.9% in the 3rd quarter. Intact Investment Management Inc. now owns 588,209 shares of the bank’s stock valued at $53,082,000 after buying an additional 248,098 shares during the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank of Montreal Trading Down 0.1 %

Bank of Montreal stock opened at $99.61 on Friday. The stock has a 50-day simple moving average of $98.27 and a 200 day simple moving average of $92.02. The stock has a market capitalization of $72.71 billion, a P/E ratio of 14.27, a PEG ratio of 1.39 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $104.63.

Bank of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be paid a dividend of $1.1329 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Thursday, January 30th. Bank of Montreal’s payout ratio is currently 63.18%.

Wall Street Analyst Weigh In

BMO has been the subject of a number of recent research reports. Royal Bank of Canada raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $133.00 to $161.00 in a research report on Wednesday, January 8th. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. StockNews.com lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Tuesday, December 17th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. Finally, CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bank of Montreal currently has an average rating of “Hold” and an average price target of $128.00.

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.