<div id="readability-page-1"><p>Addenda Capital Inc. lifted its stake in  Bank Of Montreal (NYSE:BMO - Free Report) <span>TSE: BMO<span></span></span> by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 734,616 shares of the bank's stock after acquiring an additional 63,432 shares during the quarter. Bank Of Montreal makes up  approximately  3.5% of Addenda Capital Inc.'s investment portfolio, making the stock its 5th largest position. Addenda Capital Inc. owned approximately 0.10% of Bank Of Montreal worth $95,684,000 as of its most recent SEC filing.</p><div><p><span></span><span>Get <strong>Bank Of Montreal</strong> alerts:</span></p></div><ul><li>How to Invest in Canada for Beginners: Tips for Easy Investing</li></ul><p>Several other institutional investors and hedge funds have also bought and sold shares of BMO. American Century Companies Inc. grew its stake in  Bank Of Montreal by 1.1% in the first quarter. American Century Companies Inc. now owns 196,451 shares of the bank's stock valued at $18,760,000 after purchasing an additional 2,233 shares in the last quarter.  Algert Global LLC boosted its holdings in shares of  Bank Of Montreal by 8.6% in the 1st quarter. Algert Global LLC now owns 19,009 shares of the bank's stock valued at $1,817,000 after buying an additional 1,500 shares during the last quarter.  Northern Trust Corp grew its stake in shares of  Bank Of Montreal by 6.1% in the first quarter. Northern Trust Corp now owns 570,798 shares of the bank's stock valued at $54,517,000 after buying an additional 32,989 shares in the last quarter.  Legacy Financial Advisors Inc. bought a new position in shares of  Bank Of Montreal in the first quarter valued at $228,000.  Finally, Credit Agricole S A increased its holdings in  Bank Of Montreal by 6.0% during the first quarter. Credit Agricole S A now owns 19,899 shares of the bank's stock worth $1,901,000 after buying an additional 1,118 shares during the last quarter. Institutional investors own  45.82% of the company's stock. </p><h2>Wall Street Analyst Weigh In</h2><p>BMO has been the subject of a number of recent analyst reports. Raymond James Financial assumed coverage on shares of Bank Of Montreal in a research note on Monday, November 24th. They issued a &#34;market perform&#34; rating for the company. Royal Bank Of Canada cut Bank Of Montreal from an &#34;outperform&#34; rating to a &#34;sector perform&#34; rating and reduced their price target for the stock from $168.00 to $163.00 in a report on Friday, October 3rd. Scotiabank  reissued a &#34;sector perform&#34; rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. Natl Bk Canada lowered Bank Of Montreal from a &#34;strong-buy&#34; rating to a &#34;hold&#34; rating in a research note on Monday, December 1st. Finally, Cibc World Mkts upgraded Bank Of Montreal from a &#34;hold&#34; rating to a &#34;strong-buy&#34; rating in a research note on Friday, September 5th. One research analyst  has rated the stock with a Strong Buy rating, three have assigned  a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock  has an average rating of &#34;Hold&#34; and an average target price of $163.00.</p><ul><li>3 Canadian Banks That Just Increased Their Dividends</li></ul><p><b>Get Our Latest Report on BMO</b></p><h2>Bank Of Montreal Stock Performance</h2><p>Shares of NYSE:BMO opened at $128.90 on Friday. Bank Of Montreal has a 12-month low of $85.40 and a 12-month high of $132.96. The company's 50 day moving average price is $125.71 and its two-hundred day moving average price is $119.83. The firm has a market cap of $91.42 billion, a PE ratio of 15.80, a PEG ratio of 1.06 and a beta of 0.95. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. </p><p>Bank Of Montreal (NYSE:BMO - Get Free Report) <span>TSE: BMO<span></span></span> last released its quarterly earnings results on Thursday, December 4th. The bank reported $2.36 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.20. The company had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.51 billion. Bank Of Montreal had a net margin of 11.13% and a return on equity of 11.76%. The firm's quarterly revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.90 earnings per share.  Equities research analysts predict that  Bank Of Montreal will post 7.71 earnings per share for the current year. </p><h2>Bank Of Montreal Increases Dividend</h2><p>The business also recently announced a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Friday, January 30th will be given a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Friday, January 30th. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.63. Bank Of Montreal's dividend payout ratio  is currently 57.35%. </p><h2>Bank Of Montreal Profile</h2> (Free Report)<p>Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&amp;C, U.S P&amp;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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Bank Of Montreal</li><li>Golden Cross Stocks: Pattern, Examples and Charts </li><li>Broadcom Stock Crashes 20%—But Wall Street Sees It Soaring to $500</li><li>Upcoming IPO Stock Lockup Period, Explained</li><li>Forget the Chips: 4 Industrial Plays for the AI Rebound</li><li>High Flyers: 3 Natural Gas Stocks for March 2022</li><li>MongoDB Could Hit Record Highs—But You’ll Need to Move Fast</li></ul><p><strong>Want to see what other hedge funds are holding BMO?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Of Montreal (NYSE:BMO - Free Report) <span>TSE: BMO<span></span></span>.</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJNTw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJNTw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Bank Of Montreal Right Now?</h2><p>Before you consider Bank Of Montreal, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank Of Montreal wasn't on the list.</p><p>While Bank Of Montreal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Addenda Capital Inc. increased its stake in Bank Of Montreal by 9.5% in the third quarter, now owning 734,616 shares worth $95,684,000. This makes BMO the 5th largest position in Addenda's portfolio. Other institutional investors also increased their holdings. Analysts have mixed ratings on BMO, with an average rating of 'Hold' and a target price of $163.00. BMO's recent earnings beat estimates, and the bank announced a quarterly dividend to be paid on February 26th.</p>

Bank Of Montreal $BMO Shares Bought by Addenda Capital Inc.