Crescent Grove Advisors LLC Has $480,000 Stake in Bank of Montreal (NYSE:BMO)

Crescent Grove Advisors LLC decreased its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 23.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,949 shares of the bank’s stock after selling 1,506 shares during the period. Crescent Grove Advisors LLC’s holdings in Bank of Montreal were worth $480,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of Bank of Montreal during the second quarter worth approximately $34,000. Wilmington Savings Fund Society FSB bought a new position in Bank of Montreal in the third quarter valued at approximately $45,000. GHP Investment Advisors Inc. lifted its position in Bank of Montreal by 244.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock valued at $50,000 after acquiring an additional 393 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Bank of Montreal by 207.8% during the third quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after buying an additional 451 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Bank of Montreal by 47.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 680 shares of the bank’s stock worth $66,000 after acquiring an additional 219 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Price Performance

NYSE:BMO opened at $100.96 on Friday. 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 firm’s 50-day simple moving average is $97.40 and its 200 day simple moving average is $91.22. The firm has a market cap of $73.70 billion, a price-to-earnings ratio of 14.46, a P/E/G ratio of 1.41 and a beta of 1.09.

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a $1.1329 dividend. The ex-dividend date is Thursday, January 30th. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a yield of 4.49%. Bank of Montreal’s payout ratio is currently 65.62%.

Wall Street Analyst Weigh In

Several research analysts recently commented on BMO shares. StockNews.com cut Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th. 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. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Finally, Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price target for the stock from $133.00 to $161.00 in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Bank of Montreal has a consensus rating of “Hold” and an average price target of $128.00.

About 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.