Nexus Investment Management ULC Has $373,000 Stock Holdings in Bank of Montreal (NYSE:BMO)

Nexus Investment Management ULC lessened its stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 76.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,854 shares of the bank's stock after selling 12,390 shares during the period. Nexus Investment Management ULC's holdings in Bank of Montreal were worth $373,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Bank of Montreal by 261.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank's stock worth $383,449,000 after acquiring an additional 3,074,389 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Bank of Montreal by 138.4% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,851,629 shares of the bank's stock worth $407,282,000 after purchasing an additional 2,816,385 shares during the period. Toronto Dominion Bank lifted its position in shares of Bank of Montreal by 14.9% during the 3rd quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank's stock worth $1,065,474,000 after purchasing an additional 1,534,508 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Bank of Montreal during the 4th quarter valued at approximately $760,000. Finally, FMR LLC grew its holdings in Bank of Montreal by 14.2% in the 3rd quarter. FMR LLC now owns 5,046,721 shares of the bank's stock valued at $455,397,000 after buying an additional 625,797 shares during the last quarter. Institutional investors own 45.82% of the company's stock.

Bank of Montreal Price Performance

Shares of NYSE BMO traded down $0.21 during mid-day trading on Friday, hitting $98.99. 375,202 shares of the stock were exchanged, compared to its average volume of 436,652. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $104.63. The stock's fifty day simple moving average is $96.75 and its two-hundred day simple moving average is $90.72. 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 company has a market cap of $72.23 billion, a P/E ratio of 14.18, a PEG ratio of 1.37 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. Investors of record on Thursday, January 30th will be issued a $1.1329 dividend. This represents a $4.53 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Bank of Montreal's previous quarterly dividend of $1.12. Bank of Montreal's dividend payout ratio is currently 65.62%.

Analysts Set New Price Targets

BMO has been the subject of a number of research analyst reports. Cibc World Mkts raised Bank of Montreal from a "hold" rating to a "strong-buy" 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 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. Royal Bank of Canada raised Bank of Montreal from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from $133.00 to $161.00 in a research report on Wednesday, January 8th. Finally, StockNews.com lowered shares of Bank of Montreal from a "hold" rating to a "sell" rating in a report on Tuesday, December 17th. 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. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $128.00.

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.