Huntington National Bank to Sell 584 Shares of Bank of Montreal (NYSE: BMO)

Huntington National Bank trimmed its stake in shares of Bank of Montreal (NYSE:BMO – Free Report) (TSE:BMO) by 33.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,141 shares of the bank’s stock after selling 584 shares during the quarter. Huntington National Bank's holdings in Bank of Montreal were worth $96,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. PCA Investment Advisory Services Inc. bought a new position in Bank of Montreal during the second quarter valued at $26,000. EverSource Wealth Advisors LLC lifted 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 purchasing an additional 219 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in Bank of Montreal during the 3rd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in Bank of Montreal during the third quarter valued at approximately $33,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Bank of Montreal during the 1st quarter valued at approximately $36,000. 43.89% of the stock belongs to hedge funds and other institutional investors.

Wall Street analyst

Several brokerages recently issued reports on BMO. Bank of America raised Bank of Montreal from a “neutral” rating to a “buy” rating in a research note on Monday, December 18th. Banque Nationale raised Bank of Montreal Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, December 20th. Finally, StockNews.com raised shares of Bank of Montreal from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st.

Read our latest analysis on BMO

Bank of Commerce of Montreal rose 0.8%

NYSE:BMO opened at $92.64 on Monday. The stock has a 50-day moving average of $94.22 and a 200-day moving average of $87.00. Bank of Montreal has a 52-week low of $73.98 and a 52-week high of $102.00. The company has a quick ratio of 0.96, a current ratio of 0.96, and a debt-to-equity ratio of 0.12. The company has a market cap of $67.20 billion, a PE ratio of 22.16, a P/E/G ratio of 1.52 and a beta of 1.15.

Bank of Montreal (NYSE:BMO – Get Free Report ) (TSE:BMO) last issued its earnings results on Friday, December 1st. The bank reported $2.07 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.07. Bank of Montreal had a net margin of 6.41% and a return on equity of 12.55%. The company earned $6.16 billion in revenue for the quarter. On average, research analysts anticipate that Bank of Montreal will post 9.14 EPS for the current year.

Bank of Montreal increases dividend

The firm recently announced a quarterly dividend, which will be paid on Tuesday, February 27th. Investors 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 yield of 4.81%. The ex-dividend date is Monday, January 29. This is an increase from Bank of Montreal's previous quarterly dividend of $1.11. Bank of Montreal's dividend payout ratio is 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.

Further reading

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