ST Germain D J Co. Inc. Sells 4,402 Shares of Bank of Montreal (NYSE:BMO)

ST Germain D J Co. Inc. reduced its position in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,820 shares of the bank's stock after selling 4,402 shares during the period. ST Germain D J Co. Inc.'s holdings in Bank of Montreal were worth $6,573,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BMO. IFP Advisors Inc boosted its holdings in shares of Bank of Montreal by 179.5% during the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank's stock worth $30,000 after buying an additional 201 shares during the period. Addison Advisors LLC boosted its holdings in Bank of Montreal by 282.8% in the 4th quarter. Addison Advisors LLC now owns 333 shares of the bank's stock valued at $32,000 after purchasing an additional 246 shares during the period. Vision Financial Markets LLC bought a new stake in Bank of Montreal in the 4th quarter valued at $39,000. Dunhill Financial LLC bought a new stake in Bank of Montreal in the 4th quarter valued at $39,000. Finally, First Horizon Advisors Inc. boosted its holdings in Bank of Montreal by 140.9% in the 4th quarter. First Horizon Advisors Inc. now owns 612 shares of the bank's stock valued at $59,000 after purchasing an additional 358 shares during the period. 45.82% of the stock is owned by institutional investors.

Bank of Montreal Price Performance

BMO stock traded up $0.42 during trading on Wednesday, hitting $108.21. The company had a trading volume of 432,405 shares, compared to its average volume of 832,493. The company has a fifty day moving average price of $97.60 and a two-hundred day moving average price of $98.05. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $108.56. The company has a market cap of $78.14 billion, a P/E ratio of 15.50, a P/E/G ratio of 1.43 and a beta of 1.08. 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 (NYSE:BMO - Get Free Report) TSE: BMO last issued its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.84. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The company had revenue of $6.32 billion during the quarter, compared to analysts' expectations of $8.79 billion. During the same period last year, the business earned $2.59 earnings per share. The business's revenue was up 8.8% on a year-over-year basis. Equities research analysts expect that Bank of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be given a dividend of $1.1801 per share. The ex-dividend date is Wednesday, July 30th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.36%. This is a boost from Bank of Montreal's previous quarterly dividend of $1.11. Bank of Montreal's dividend payout ratio (DPR) is 58.75%.

Wall Street Analysts Forecast Growth

BMO has been the subject of a number of research reports. CIBC reissued a "neutral" rating on shares of Bank of Montreal in a report on Tuesday, May 20th. Wall Street Zen raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Royal Bank of Canada increased their price target on shares of Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Cibc World Mkts downgraded shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Scotiabank began coverage on shares of Bank of Montreal in a research note on Thursday, May 15th. They issued a "sector perform" rating for the company. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bank of Montreal currently has an average rating of "Hold" and a consensus target price of $129.50.

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.