Trifecta Capital Advisors LLC Sells 375 Shares of Bank of Montreal (NYSE:BMO)

Trifecta Capital Advisors LLC cut its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,300 shares of the bank’s stock after selling 375 shares during the period. Trifecta Capital Advisors LLC’s holdings in Bank of Montreal were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of BMO. IFP Advisors Inc increased its position in Bank of Montreal by 179.5% during the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank’s stock worth $30,000 after buying an additional 201 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of 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 last quarter. Wilmington Savings Fund Society FSB bought a new stake in Bank of Montreal in the 3rd quarter valued at $45,000. GHP Investment Advisors Inc. lifted its holdings in Bank of Montreal by 244.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock valued at $50,000 after purchasing an additional 393 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Bank of Montreal by 140.9% during the fourth quarter. First Horizon Advisors Inc. now owns 612 shares of the bank’s stock worth $59,000 after purchasing an additional 358 shares during the period. 45.82% of the stock is owned by institutional investors.

Bank of Montreal Trading Down 0.7 %

Shares of NYSE:BMO opened at $99.80 on Tuesday. The company has a market capitalization of $72.74 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.43 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’s 50 day simple moving average is $98.67 and its 200 day simple moving average is $93.52. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $104.63.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be given a $1.1329 dividend. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $4.53 dividend on an annualized basis and a dividend yield of 4.54%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.12. Bank of Montreal’s dividend payout ratio (DPR) is presently 63.18%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BMO shares. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, December 6th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, December 6th. Royal Bank of Canada upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $133.00 to $161.00 in a report on Wednesday, January 8th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, StockNews.com downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $128.00.

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.