Cwm LLC Sells 421 Shares of Bank of Montreal (NYSE:BMO)

Cwm LLC trimmed its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 38.3% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 678 shares of the bank’s stock after selling 421 shares during the quarter. Cwm LLC’s holdings in Bank of Montreal were worth $67,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Schechter Investment Advisors LLC grew its stake in shares of Bank of Montreal by 3.8% during the 4th quarter. Schechter Investment Advisors LLC now owns 3,161 shares of the bank’s stock valued at $313,000 after purchasing an additional 116 shares during the period. Pacer Advisors Inc. grew its stake in shares of Bank of Montreal by 1.9% during the 4th quarter. Pacer Advisors Inc. now owns 6,622 shares of the bank’s stock valued at $655,000 after purchasing an additional 126 shares during the period. Brighton Jones LLC grew its stake in shares of Bank of Montreal by 4.1% during the 3rd quarter. Brighton Jones LLC now owns 3,527 shares of the bank’s stock valued at $298,000 after purchasing an additional 140 shares during the period. Checchi Capital Advisers LLC grew its stake in shares of Bank of Montreal by 4.6% during the 3rd quarter. Checchi Capital Advisers LLC now owns 3,177 shares of the bank’s stock valued at $268,000 after purchasing an additional 141 shares during the period. Finally, Knights of Columbus Asset Advisors LLC grew its stake in shares of Bank of Montreal by 5.6% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 2,713 shares of the bank’s stock valued at $229,000 after purchasing an additional 143 shares during the period. 45.82% of the stock is currently owned by institutional investors.

Bank of Montreal Trading Up 0.9 %

Shares of NYSE:BMO opened at $92.88 on Thursday. The stock has a 50 day moving average of $93.73 and a 200 day moving average of $90.79. The company has a market cap of $67.73 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.75 and a beta of 1.14. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. Bank of Montreal has a 12-month low of $73.98 and a 12-month high of $100.12.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, February 27th. The bank reported $1.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.34). The company had revenue of $5.68 billion for the quarter, compared to the consensus estimate of $6.34 billion. Bank of Montreal had a net margin of 7.40% and a return on equity of 11.89%. As a group, equities research analysts expect that Bank of Montreal will post 8.94 EPS for the current year.

Bank of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, April 29th will be issued a $1.1172 dividend. The ex-dividend date of this dividend is Friday, April 26th. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.11. This represents a $4.47 dividend on an annualized basis and a yield of 4.81%. Bank of Montreal’s payout ratio is currently 41.79%.

Analyst Ratings Changes

A number of research firms have issued reports on BMO. Jefferies Financial Group began coverage on Bank of Montreal in a research note on Thursday, February 22nd. They set a “buy” rating for the company. StockNews.com upgraded Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, March 3rd. Finally, Barclays began coverage on Bank of Montreal in a research note on Wednesday, March 20th. They set an “overweight” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.