Bank of Montreal Can increased its holdings in Madison Square Garden Co (NYSE:MSG) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,438,186 shares of the company’s stock after purchasing an additional 287,258 shares during the quarter. Bank of Montreal Can owned 1.09% of Madison Square Garden worth $92,696,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of Madison Square Garden by 21.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,400 shares of the company’s stock valued at $123,000 after purchasing an additional 266 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Madison Square Garden by 1.3% in the 4th quarter. Wells Fargo & Company MN now owns 47,767 shares of the company’s stock valued at $3,015,000 after purchasing an additional 653 shares during the period. USA Financial Portformulas Corp increased its holdings in shares of Madison Square Garden by 2.9% in the 4th quarter. USA Financial Portformulas Corp now owns 29,294 shares of the company’s stock valued at $1,936,000 after purchasing an additional 774 shares during the period. San Francisco Sentry Investment Group CA bought a new stake in shares of Madison Square Garden in the 4th quarter valued at about $75,000. Finally, LMR Partners LLP bought a new stake in shares of Madison Square Garden in the 4th quarter valued at about $84,000.

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Shares of NYSE:MSG opened at $87.07 on Friday. Madison Square Garden Co has a 12 month low of $74.28 and a 12 month high of $100.91. The company has a debt-to-equity ratio of -1.44, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $6.18 billion, a P/E ratio of 17.67, a PEG ratio of 0.83 and a beta of 1.07.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Wednesday, February 27th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 4.00%. The ex-dividend date is Tuesday, February 26th. Madison Square Garden’s dividend payout ratio is currently 60.32%.

Several equities analysts have recently commented on the company. Cowen reiterated a “buy” rating and issued a $98.00 price objective on shares of Madison Square Garden in a research note on Friday, February 1st. B. Riley reduced their price objective on Madison Square Garden from $101.00 to $94.00 and set a “buy” rating for the company in a research note on Monday, December 31st. Zacks Investment Research upgraded Madison Square Garden from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Tuesday, January 22nd. Cowen reiterated a “buy” rating and issued a $120.00 price objective on shares of Madison Square Garden in a research note on Tuesday, December 18th. Finally, Imperial Capital increased their price objective on Madison Square Garden from $110.00 to $116.00 and gave the company an “outperform” rating in a research note on Monday, December 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $103.00.

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