Triasima Portfolio Management inc. Grows Stock Position in Bank of Montreal (NYSE:BMO)

Triasima Portfolio Management inc. raised its position in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486,421 shares of the bank's stock after purchasing an additional 77,285 shares during the quarter. Bank of Montreal accounts for about 4.0% of Triasima Portfolio Management inc.'s holdings, making the stock its 5th biggest holding. Triasima Portfolio Management inc. owned about 0.07% of Bank of Montreal worth $48,219,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. PCA Investment Advisory Services Inc. bought a new position in shares of Bank of Montreal during the second quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in shares of Bank of Montreal by 192.1% during the third quarter. EverSource Wealth Advisors LLC now owns 333 shares of the bank's stock worth $28,000 after acquiring an additional 219 shares during the last quarter. Compagnie Lombard Odier SCmA bought a new position in shares of Bank of Montreal during the third quarter worth about $29,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in shares of Bank of Montreal during the third quarter worth about $33,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Bank of Montreal during the first quarter worth about $36,000. 45.82% of the stock is currently owned by institutional investors.

Bank of Montreal Stock Down 1.9 %

Bank of Montreal stock traded down $1.79 during mid-day trading on Friday, reaching $93.02. The stock had a trading volume of 701,316 shares, compared to its average volume of 561,688. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.94 and a current ratio of 0.94. Bank of Montreal has a fifty-two week low of $73.98 and a fifty-two week high of $100.12. The stock's 50-day simple moving average is $94.27 and its 200-day simple moving average is $89.48. The firm has a market capitalization of $67.83 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.82 and a beta of 1.13.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings data on Tuesday, February 27th. The bank reported $1.90 EPS for the quarter, missing analysts' consensus estimates of $2.24 by ($0.34). Bank of Montreal had a net margin of 7.40% and a return on equity of 11.89%. The firm had revenue of $5.68 billion during the quarter, compared to analyst estimates of $6.34 billion. On average, sell-side analysts forecast that Bank of Montreal will post 8.94 EPS for the current fiscal year.

Bank of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Monday, April 29th will be paid a $1.1172 dividend. This represents a $4.47 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date is Friday, April 26th. This is a boost from Bank of Montreal's previous quarterly dividend of $1.11. Bank of Montreal's dividend payout ratio (DPR) is 62.02%.

Analysts Set New Price Targets

BMO has been the subject of several recent analyst reports. Jefferies Financial Group initiated coverage on Bank of Montreal in a research note on Thursday, February 22nd. They set a "buy" rating for the company. StockNews.com raised Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Sunday, March 3rd. Barclays initiated coverage on Bank of Montreal in a research note on Wednesday, March 20th. They set an "overweight" rating for the company. Bank of America raised Bank of Montreal from a "neutral" rating to a "buy" rating in a research note on Monday, December 18th. Finally, National Bank Financial raised Bank of Montreal from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $131.00.

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.