Silver Lake Advisory LLC Sells 1,486 Shares of Bank of Montreal (NYSE:BMO)

Silver Lake Advisory LLC trimmed its position in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,741 shares of the bank’s stock after selling 1,486 shares during the quarter. Silver Lake Advisory LLC’s holdings in Bank of Montreal were worth $2,789,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BMO. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Bank of Montreal by 261.6% in the third 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. Toronto Dominion Bank boosted its stake in shares of Bank of Montreal by 14.9% during the third quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank’s stock valued at $1,065,474,000 after purchasing an additional 1,534,508 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Bank of Montreal during the fourth quarter valued at approximately $760,000. FMR LLC raised its stake in Bank of Montreal by 14.2% in the third quarter. FMR LLC now owns 5,046,721 shares of the bank’s stock worth $455,397,000 after buying an additional 625,797 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Bank of Montreal by 10.2% during the third quarter. Geode Capital Management LLC now owns 3,321,849 shares of the bank’s stock worth $303,130,000 after buying an additional 307,466 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Stock Up 0.0 %

BMO stock opened at $100.14 on Friday. The stock has a market capitalization of $73.09 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.41 and a beta of 1.09. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $104.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a 50 day moving average of $97.11 and a 200 day moving average of $91.04.

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 paid a dividend of $1.1329 per share. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend is Thursday, January 30th. Bank of Montreal’s payout ratio is presently 65.62%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $133.00 to $161.00 in a research report on Wednesday, January 8th. StockNews.com downgraded shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $128.00.

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.