World Investment Advisors LLC Has $339,000 Holdings in Bank of Montreal (NYSE:BMO)

World Investment Advisors LLC decreased its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 10.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,757 shares of the bank’s stock after selling 432 shares during the quarter. World Investment Advisors LLC’s holdings in Bank of Montreal were worth $339,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in BMO. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Bank of Montreal by 261.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank’s stock valued at $383,449,000 after purchasing an additional 3,074,389 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Bank of Montreal by 138.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,851,629 shares of the bank’s stock worth $407,282,000 after buying an additional 2,816,385 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Bank of Montreal by 14.9% during the third quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank’s stock worth $1,065,474,000 after buying an additional 1,534,508 shares in the last quarter. JARISLOWSKY FRASER Ltd lifted its stake in shares of Bank of Montreal by 36.9% in the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 5,239,662 shares of the bank’s stock valued at $439,705,000 after acquiring an additional 1,412,532 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of Bank of Montreal during the 2nd quarter valued at $80,915,000. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Price Performance

Shares of NYSE BMO opened at $95.71 on Thursday. The company has a market capitalization of $69.84 billion, a PE ratio of 13.71, a P/E/G ratio of 1.42 and a beta of 1.10. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $104.63. The firm has a fifty day simple moving average of $94.67 and a 200 day simple moving average of $88.78.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 30th will be given a $1.1329 dividend. The ex-dividend date is Thursday, January 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.12. This represents a $4.53 annualized dividend and a dividend yield of 4.73%. Bank of Montreal’s dividend payout ratio (DPR) is 67.34%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on BMO shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $133.00 target price (up previously from $106.00) on shares of Bank of Montreal in a report on Friday, December 6th. StockNews.com downgraded Bank of Montreal from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays cut their target price on shares of Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Jefferies Financial Group cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Finally, Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $122.40.

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.