Vontobel Holding Ltd. Has $11.01 Million Stake in Bank of Montreal (NYSE:BMO)

Vontobel Holding Ltd. lowered its holdings in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 11.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 113,519 shares of the bank's stock after selling 14,300 shares during the period. Vontobel Holding Ltd.'s holdings in Bank of Montreal were worth $11,006,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Fiera Capital Corp lifted its position in shares of Bank of Montreal by 7.2% during the 4th quarter. Fiera Capital Corp now owns 3,701,814 shares of the bank's stock worth $358,991,000 after buying an additional 248,096 shares during the last quarter. Naples Global Advisors LLC lifted its position in shares of Bank of Montreal by 29.6% during the 4th quarter. Naples Global Advisors LLC now owns 18,215 shares of the bank's stock worth $1,768,000 after buying an additional 4,165 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of 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 buying 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 during the last quarter. Finally, Stephens Inc. AR purchased a new stake in shares of Bank of Montreal during the 4th quarter worth approximately $320,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BMO. CIBC raised shares of Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a report on Friday, December 6th. StockNews.com raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a report on Tuesday, February 11th. Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a 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 raised shares of Bank of Montreal from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from $133.00 to $161.00 in a report on Wednesday, January 8th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Bank of Montreal currently has an average rating of "Moderate Buy" and a consensus price target of $128.00.

Bank of Montreal Stock Up 0.2 %

NYSE:BMO traded up $0.23 on Tuesday, hitting $101.28. 292,924 shares of the company's stock traded hands, compared to its average volume of 589,405. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $104.63. The firm has a 50-day moving average price of $98.57 and a 200-day moving average price of $92.81. The company has a market cap of $73.93 billion, a PE ratio of 14.51, a price-to-earnings-growth ratio of 1.40 and a beta of 1.09.

Bank of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be paid 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 4.47%. Bank of Montreal's payout ratio is presently 63.32%.

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.