Pathway Financial Advisers LLC Sells 30,113 Shares of Bank of Montreal (NYSE:BMO)

Pathway Financial Advisers LLC decreased its holdings in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 98.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 341 shares of the bank's stock after selling 30,113 shares during the quarter. Pathway Financial Advisers LLC's holdings in Bank of Montreal were worth $33,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Passumpsic Savings Bank boosted its holdings in Bank of Montreal by 2.1% during the third quarter. Passumpsic Savings Bank now owns 5,142 shares of the bank's stock worth $464,000 after purchasing an additional 105 shares during the last quarter. D.A. Davidson & CO. raised its position in Bank of Montreal by 1.3% during the third quarter. D.A. Davidson & CO. now owns 8,602 shares of the bank's stock worth $776,000 after acquiring an additional 113 shares in the last quarter. Caprock Group LLC raised its position in Bank of Montreal by 4.6% during the fourth quarter. Caprock Group LLC now owns 3,185 shares of the bank's stock worth $309,000 after acquiring an additional 139 shares in the last quarter. Harbour Trust & Investment Management Co raised its position in shares of Bank of Montreal by 2.8% in the third quarter. Harbour Trust & Investment Management Co now owns 6,340 shares of the bank's stock valued at $572,000 after purchasing an additional 172 shares during the period. Finally, Boltwood Capital Management raised its position in shares of Bank of Montreal by 4.2% in the fourth quarter. Boltwood Capital Management now owns 4,300 shares of the bank's stock valued at $417,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 45.82% of the company's stock.

Bank of Montreal Stock Up 0.6 %

NYSE BMO traded up $0.61 during mid-day trading on Monday, hitting $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 current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. 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 company's 50 day simple moving average is $98.57 and its 200 day simple moving average is $92.68. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $104.63.

Bank of Montreal Increases Dividend

The business also recently declared 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 is an increase from Bank of Montreal's previous quarterly dividend of $1.12. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal's payout ratio is 63.32%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. 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. 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. Royal Bank of Canada raised shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and raised their price target for the stock from $133.00 to $161.00 in a research report on Wednesday, January 8th. CIBC upgraded shares of Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research note on Friday, December 6th. Finally, StockNews.com upgraded shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Tuesday, February 11th. Seven investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average 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.