JPMorgan Chase & Co. Has $300.14 Million Stock Holdings in Bank of Montreal (NYSE:BMO)

JPMorgan Chase & Co. raised its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,327,465 shares of the bank’s stock after purchasing an additional 144,252 shares during the period. JPMorgan Chase & Co. owned 0.46% of Bank of Montreal worth $300,137,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL acquired a new stake in Bank of Montreal in the 2nd quarter worth approximately $34,000. Rothschild Investment LLC acquired a new stake in shares of Bank of Montreal during the 2nd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB acquired a new stake in Bank of Montreal during the third quarter worth $45,000. GHP Investment Advisors Inc. increased its stake in Bank of Montreal by 244.1% in the third quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock valued at $50,000 after acquiring an additional 393 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Bank of Montreal by 207.8% in the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock valued at $56,000 after purchasing an additional 451 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Stock Up 0.0 %

NYSE BMO opened at $97.05 on Monday. The stock has a market capitalization of $70.81 billion, a P/E ratio of 13.90, a price-to-earnings-growth ratio of 1.42 and a beta of 1.10. Bank of Montreal has a 52 week low of $76.98 and a 52 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 of $95.20 and a 200-day moving average of $89.33.

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 $1.1329 dividend. This represents a $4.53 dividend on an annualized basis and a yield of 4.67%. 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 presently 67.34%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BMO shares. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $133.00 target price (up from $106.00) on shares of Bank of Montreal in a report on Friday, December 6th. Scotiabank upgraded Bank of Montreal from a “sector perform” 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 research report on Friday, December 6th. Finally, StockNews.com cut Bank of Montreal from a “hold” rating to a “sell” rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Bank of Montreal currently has an average rating of “Hold” and an average price target of $122.40.

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.