Shares of Bank of Montreal (NYSE:BMO) bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC raised its stake in Bank of Montreal (NYSE:BMO – Free Report) (TSE:BMO) by 46.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,132 shares of the bank’s stock after buying an additional 1,305 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Bank of Montreal were worth $349,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BMO. Milestone Investment Advisors LLC purchased a new stake in shares of Bank of Montreal during the third quarter valued at about $108,000. Oppenheimer & Co. Inc. lifted its position in shares of Bank of Montreal by 5.6% in the 3rd quarter. After buying an additional 314 shares in the last quarter, Oppenheimer & Co. Quantbot Technologies LP bought a new position in shares of Bank of Montreal during the 3rd quarter worth about $456,000. Ibex Wealth Advisors purchased a new stake in shares of Bank of Montreal during the third quarter valued at about $424,000. Finally, Schechter Investment Advisors LLC purchased a new stake in shares of Bank of Montreal during the third quarter valued at approximately $257,000. Institutional investors and hedge funds own 43.89% of the company's shares.

Upgrading and downgrading the analyzer

A number of research analysts have commented on the stock. StockNews.com raised shares of Bank of Montreal from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. 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 of Montreal raised Bank of Montreal from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, December 20th.

Check out the latest Bank of Montreal stock analysis

Bank of Montreal Stock Performance

Bank of Montreal stock opened at $92.64 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.96, and a quick ratio of 0.96. Bank of Montreal has a 12 month low of $73.98 and a 12 month high of $102.00. The company has a fifty day moving average of $94.22 and a two hundred day moving average of $87.05. The company has a market cap of $67.20 billion, a PE ratio of 22.16, a P/E/G ratio of 1.51 and a beta of 1.15.

Bank of Montreal (NYSE:BMO – Get Free Report ) (TSE:BMO) last posted its quarterly earnings results on Friday, December 1st. The bank reported $2.07 EPS for the quarter, meeting the consensus estimate of $2.07. The business generated $6.16 billion in revenue during the quarter. Bank of Montreal had a net margin of 6.41% and a return on equity of 12.55%. research analysts expect that Bank of Montreal will post 9.14 earnings per share for the current year.

Bank of Montreal increases dividend

The company recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Shareholders of record on Tuesday, January 30th will be issued a dividend of $1.1137 per share. This represents a dividend of $4.45 on an annualized basis and a dividend yield of 4.81%. This is an increase from Bank of Montreal's previous quarterly dividend of $1.11. The ex-dividend date for this dividend is Monday, January 29. Bank of Montreal's dividend payout ratio is currently 103.59%.

About the Bank of Montreal

(Free Report)

Bank of Montreal provides diversified financial services primarily in North America. It operates through the Canadian P&C, US P&C, BMO Wealth Management and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home loans, consumer loans, small business loans, credit cards, cash management, financial and investment advice and other banking services; and commercial banking products and services include a variety of financing options, treasury and payment solutions, and risk management products.

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