XTX Topco Ltd Has $526,000 Stake in Bank of Montreal (NYSE:BMO)

XTX Topco Ltd cut its holdings in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 61.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,834 shares of the bank's stock after selling 9,168 shares during the quarter. XTX Topco Ltd's holdings in Bank of Montreal were worth $526,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC lifted its holdings in Bank of Montreal by 2,701.7% during the 3rd quarter. Pathway Financial Advisers LLC now owns 30,454 shares of the bank's stock worth $2,747,000 after buying an additional 29,367 shares in the last quarter. Newport Trust Company LLC lifted its stake in shares of Bank of Montreal by 1.1% in the 2nd quarter. Newport Trust Company LLC now owns 1,411,695 shares of the bank's stock valued at $118,371,000 after purchasing an additional 14,809 shares during the period. Intact Investment Management Inc. boosted its position in shares of Bank of Montreal by 72.9% in the 3rd quarter. Intact Investment Management Inc. now owns 588,209 shares of the bank's stock worth $53,082,000 after purchasing an additional 248,098 shares during the last quarter. Fiera Capital Corp grew its stake in shares of Bank of Montreal by 2.1% during the second quarter. Fiera Capital Corp now owns 3,403,431 shares of the bank's stock worth $285,789,000 after purchasing an additional 69,111 shares during the period. Finally, Cardinal Capital Management Inc. grew its stake in shares of Bank of Montreal by 4.9% during the third quarter. Cardinal Capital Management Inc. now owns 1,298,627 shares of the bank's stock worth $117,326,000 after purchasing an additional 60,155 shares during the period. 45.82% of the stock is owned by institutional investors.

Bank of Montreal Stock Down 0.3 %

Shares of BMO traded down $0.28 during mid-day trading on Friday, hitting $99.02. 401,132 shares of the company's stock were exchanged, compared to its average volume of 890,818. The company has a market cap of $72.25 billion, a PE ratio of 14.19, a P/E/G ratio of 1.42 and a beta of 1.10. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $104.63. The company has a 50-day simple moving average of $94.24 and a 200 day simple moving average of $88.63. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98.

Bank of Montreal Increases Dividend

The business also recently disclosed 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 4.58%. Bank of Montreal's dividend payout ratio (DPR) is presently 67.34%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BMO shares. Bank of America cut Bank of Montreal from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $134.00 to $117.00 in a report on Wednesday, August 28th. StockNews.com raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Monday, December 9th. Cibc World Mkts raised shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 6th. TD Securities lowered Bank of Montreal from a "buy" rating to a "hold" rating in a research report on Tuesday, August 27th. Finally, Barclays decreased their price objective on Bank of Montreal from $132.00 to $126.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. Eight research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bank of Montreal currently has a consensus rating of "Hold" and a consensus target price of $122.40.

Bank of Montreal 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.