2,099 Shares in Bank of Montreal (NYSE:BMO) Purchased by FDx Advisors Inc.

FDx Advisors Inc. purchased a new position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,099 shares of the bank’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BMO. First Bank & Trust acquired a new position in shares of Bank of Montreal during the 4th quarter worth approximately $1,126,000. Wealth Alliance bought a new position in Bank of Montreal during the fourth quarter worth $777,000. Cumberland Partners Ltd increased its holdings in shares of Bank of Montreal by 31.4% in the fourth quarter. Cumberland Partners Ltd now owns 13,902 shares of the bank’s stock valued at $1,347,000 after purchasing an additional 3,319 shares during the last quarter. SNS Financial Group LLC bought a new position in shares of Bank of Montreal in the fourth quarter valued at about $200,000. Finally, Private Advisor Group LLC lifted its stake in shares of Bank of Montreal by 1.3% during the 4th quarter. Private Advisor Group LLC now owns 21,371 shares of the bank’s stock worth $2,074,000 after buying an additional 277 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Stock Performance

NYSE:BMO opened at $100.53 on Friday. The company has a market cap of $73.27 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.43 and a beta of 1.09. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $104.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a fifty day moving average price of $98.65 and a 200-day moving average price of $93.22.

Bank of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be given a dividend of $1.1329 per share. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.12. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.53 annualized dividend and a yield of 4.51%. Bank of Montreal’s dividend payout ratio is currently 63.18%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Royal Bank of Canada upgraded shares of 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 note on Wednesday, January 8th. Scotiabank raised Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. StockNews.com cut Bank of Montreal from a “hold” rating to a “sell” rating in a report on Thursday. CIBC raised Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. Finally, Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.