Lantz Financial LLC Invests $293,000 in Bank of Montreal (NYSE:BMO)

Lantz Financial LLC bought a new stake in Bank of Montreal (NYSE:BMO) (TSE:BMO) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,020 shares of the bank’s stock, valued at approximately $293,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Bank of Montreal by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 63,454 shares of the bank’s stock valued at $5,321,000 after buying an additional 495 shares during the period. AE Wealth Management LLC acquired a new position in Bank of Montreal in the second quarter valued at $276,000. Ensign Peak Advisors Inc increased its stake in Bank of Montreal by 6.0% during the second quarter. Ensign Peak Advisors Inc now owns 51,629 shares of the bank’s stock worth $4,488,000 after acquiring an additional 2,900 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Bank of Montreal by 137.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,481 shares of the bank’s stock worth $125,000 after purchasing an additional 858 shares during the period. Finally, Squarepoint Ops LLC lifted its stake in shares of Bank of Montreal by 415.6% in the 2nd quarter. Squarepoint Ops LLC now owns 28,567 shares of the bank’s stock valued at $2,395,000 after purchasing an additional 23,026 shares in the last quarter. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

BMO has been the subject of a number of research analyst reports. Cibc World Mkts raised shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 6th. StockNews.com downgraded shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Tuesday, December 17th. Royal Bank of Canada raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from $133.00 to $161.00 in a research report on Wednesday, January 8th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. Finally, CIBC upgraded Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $128.00.

Bank of Montreal Stock Up 0.8 %

Shares of Bank of Montreal stock opened at $100.96 on Friday. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $104.63. The company has a market capitalization of $73.70 billion, a PE ratio of 14.46, a P/E/G ratio of 1.41 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50-day moving average of $97.40 and a 200-day moving average of $91.22.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a dividend of $1.1329 per share. The ex-dividend date is Thursday, January 30th. This is an increase from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a yield of 4.49%. Bank of Montreal’s payout ratio is currently 65.62%.

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.