BNP Paribas Financial Markets Has $366,000 Stake in Bank of Montreal (NYSE:BMO)

BNP Paribas Financial Markets increased its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 47.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,057 shares of the bank’s stock after purchasing an additional 1,314 shares during the quarter. BNP Paribas Financial Markets’ holdings in Bank of Montreal were worth $366,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BMO. Sequoia Financial Advisors LLC boosted its holdings in Bank of Montreal by 4.4% during the second quarter. Sequoia Financial Advisors LLC now owns 3,580 shares of the bank’s stock worth $300,000 after purchasing an additional 151 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Bank of Montreal by 1.2% during the second quarter. Assenagon Asset Management S.A. now owns 20,965 shares of the bank’s stock worth $1,759,000 after acquiring an additional 257 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Bank of Montreal during the second quarter worth $100,000. SlateStone Wealth LLC raised its position in Bank of Montreal by 18.8% during the second quarter. SlateStone Wealth LLC now owns 4,277 shares of the bank’s stock worth $359,000 after acquiring an additional 677 shares in the last quarter. Finally, Atomi Financial Group Inc. raised its position in Bank of Montreal by 9.8% during the second quarter. Atomi Financial Group Inc. now owns 3,168 shares of the bank’s stock worth $266,000 after acquiring an additional 283 shares in the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

Wall Street Analyst Weigh In

BMO has been the topic of several analyst reports. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. Barclays dropped their price target on shares of Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Jefferies Financial Group lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, TD Securities lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Eight research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $122.40.

Bank of Montreal Price Performance

Shares of BMO opened at $99.02 on Friday. The firm has a market capitalization of $72.25 billion, a PE ratio of 14.19, a PEG ratio of 1.42 and a beta of 1.10. The company’s 50-day moving average is $94.24 and its 200-day moving average is $88.58. 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 current ratio of 0.98 and a quick ratio of 0.98.

Bank of Montreal Increases Dividend

The firm also recently declared 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 represents a $4.53 dividend on an annualized basis and a yield of 4.58%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.12. The ex-dividend date is Thursday, January 30th. Bank of Montreal’s dividend payout ratio (DPR) is currently 67.34%.

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.