Naples Global Advisors LLC Purchases 4,165 Shares of Bank of Montreal (NYSE:BMO)

Naples Global Advisors LLC boosted its position in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 29.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,215 shares of the bank's stock after acquiring an additional 4,165 shares during the period. Naples Global Advisors LLC's holdings in Bank of Montreal were worth $1,768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BMO. Van ECK Associates Corp boosted its holdings in Bank of Montreal by 2.6% during the 4th quarter. Van ECK Associates Corp now owns 195,213 shares of the bank's stock worth $18,939,000 after acquiring an additional 4,958 shares during the last quarter. Certuity LLC lifted its position in shares of Bank of Montreal by 13.7% during the 4th quarter. Certuity LLC now owns 4,467 shares of the bank's stock worth $433,000 after buying an additional 538 shares in the last quarter. Stephens Inc. AR purchased a new position in shares of Bank of Montreal in the 4th quarter worth approximately $320,000. Wilmington Savings Fund Society FSB lifted its holdings in Bank of Montreal by 110.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,051 shares of the bank's stock worth $102,000 after acquiring an additional 551 shares during the period. Finally, Triasima Portfolio Management inc. purchased a new position in Bank of Montreal in the fourth quarter worth $205,000. Institutional investors and hedge funds own 45.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BMO shares. CIBC upgraded Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research note on Friday, December 6th. Cibc World Mkts raised shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. Royal Bank of Canada raised shares of 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. StockNews.com raised Bank of Montreal from a "sell" rating to a "hold" rating in a report on Tuesday, February 11th. Finally, Scotiabank upgraded Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research note on Friday, December 6th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $128.00.

Bank of Montreal Trading Up 0.6 %

NYSE:BMO traded up $0.61 during trading hours on Monday, reaching $101.08. The company's stock had a trading volume of 392,733 shares, compared to its average volume of 554,264. 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 has a market capitalization of $73.79 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.40 and a beta of 1.09. The firm has a 50-day simple moving average of $98.57 and a 200-day simple moving average of $92.68. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $104.63.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be issued a $1.1329 dividend. This is a boost from Bank of Montreal's previous quarterly dividend of $1.12. The ex-dividend date is Thursday, January 30th. This represents a $4.53 annualized dividend and a dividend yield of 4.48%. Bank of Montreal's dividend payout ratio (DPR) is currently 63.32%.

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.