Studio Investment Management LLC Has $144,000 Stock Holdings in Bank of Montreal (NYSE:BMO)

Studio Investment Management LLC decreased its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,488 shares of the bank’s stock after selling 180 shares during the period. Studio Investment Management LLC’s holdings in Bank of Montreal were worth $144,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BMO. IFP Advisors Inc raised its position in shares of Bank of Montreal by 179.5% in the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock valued at $30,000 after buying an additional 201 shares in the last quarter. Addison Advisors LLC increased its stake in Bank of Montreal by 282.8% during the 4th quarter. Addison Advisors LLC now owns 333 shares of the bank’s stock worth $32,000 after acquiring an additional 246 shares during the period. Vision Financial Markets LLC acquired a new position in Bank of Montreal in the 4th quarter valued at $39,000. Dunhill Financial LLC acquired a new position in Bank of Montreal in the 4th quarter valued at $39,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Bank of Montreal by 140.9% during the 4th quarter. First Horizon Advisors Inc. now owns 612 shares of the bank’s stock valued at $59,000 after acquiring an additional 358 shares during the period. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank of Montreal Stock Performance

Shares of Bank of Montreal stock opened at $102.78 on Friday. The company’s 50 day moving average price is $95.69 and its two-hundred day moving average price is $97.00. The firm has a market capitalization of $74.42 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $106.00.

Bank of Montreal (NYSE:BMO) (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. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter last year, the business posted $2.56 EPS. Bank of Montreal’s revenue for the quarter was up 20.8% on a year-over-year basis. On average, equities analysts forecast that Bank of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank of Montreal Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be issued a $1.1094 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.44 dividend on an annualized basis and a yield of 4.32%. Bank of Montreal’s dividend payout ratio (DPR) is presently 57.35%.

Analysts Set New Price Targets

BMO has been the subject of a number of analyst reports. Scotiabank initiated coverage on Bank of Montreal in a research note on Thursday. They issued a “sector perform” rating for the company. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. 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. Royal Bank of Canada lifted their price objective on shares of Bank of Montreal from $161.00 to $163.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, CIBC downgraded shares of Bank of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Friday, April 4th. Ten equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $128.40.

Bank of Montreal 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.