Ossiam Has $5.20 Million Stock Holdings in Bank of Montreal (NYSE:BMO)

Ossiam reduced its stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 30.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,615 shares of the bank's stock after selling 23,583 shares during the quarter. Ossiam's holdings in Bank of Montreal were worth $5,202,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Bank of Montreal by 6.0% in the fourth quarter. Bank of New York Mellon Corp now owns 708,767 shares of the bank's stock valued at $68,786,000 after acquiring an additional 40,135 shares in the last quarter. American Century Companies Inc. increased its position in shares of Bank of Montreal by 8.0% during the 4th quarter. American Century Companies Inc. now owns 194,218 shares of the bank's stock valued at $18,855,000 after purchasing an additional 14,351 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Bank of Montreal by 3.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,913,716 shares of the bank's stock worth $185,694,000 after buying an additional 64,799 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in shares of Bank of Montreal by 58.4% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,618 shares of the bank's stock valued at $448,000 after buying an additional 1,703 shares during the period. Finally, Korea Investment CORP boosted its stake in Bank of Montreal by 2.6% during the fourth quarter. Korea Investment CORP now owns 478,191 shares of the bank's stock valued at $46,399,000 after buying an additional 12,052 shares in the last quarter. Institutional investors own 45.82% of the company's stock.

Bank of Montreal Stock Down 0.7 %

NYSE BMO traded down $0.69 during trading on Friday, reaching $94.75. 1,734,943 shares of the company's stock were exchanged, compared to its average volume of 875,267. 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 fifty-two week low of $76.98 and a fifty-two week high of $106.00. The company's fifty day simple moving average is $96.27 and its 200-day simple moving average is $96.30. The firm has a market capitalization of $68.60 billion, a PE ratio of 13.59, a P/E/G ratio of 1.43 and a beta of 0.95.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last released its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 earnings per share for the quarter, beating the consensus estimate of $1.68 by $1.36. The firm had revenue of $9.27 billion for the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The company's revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.56 EPS. Sell-side analysts predict that Bank of Montreal will post 7.71 EPS for the current year.

Bank of Montreal Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be given a $1.1094 dividend. This represents a $4.44 annualized dividend and a yield of 4.68%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal's payout ratio is currently 57.35%.

Wall Street Analysts Forecast Growth

BMO has been the subject of a number of research analyst reports. Royal Bank of Canada upped 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 cut shares of Bank of Montreal from a "sector outperform" rating to a "neutral" rating in a report on Friday, April 4th. Cibc World Mkts lowered shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, StockNews.com upgraded Bank of Montreal from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $128.40.

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.