Bank Of Montreal $BMO Shares Bought by Bank of Nova Scotia Trust Co.

Bank of Nova Scotia Trust Co. boosted its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 510,282 shares of the bank’s stock after buying an additional 3,958 shares during the period. Bank Of Montreal makes up 5.6% of Bank of Nova Scotia Trust Co.’s holdings, making the stock its 2nd biggest holding. Bank of Nova Scotia Trust Co. owned about 0.07% of Bank Of Montreal worth $56,452,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Bank Of Montreal by 151.5% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 127,777 shares of the bank’s stock valued at $14,132,000 after purchasing an additional 76,970 shares during the period. Johnson Financial Group Inc. increased its holdings in Bank Of Montreal by 1,414.7% in the second quarter. Johnson Financial Group Inc. now owns 1,030 shares of the bank’s stock worth $114,000 after purchasing an additional 962 shares in the last quarter. Korea Investment CORP increased its holdings in Bank Of Montreal by 12.2% in the second quarter. Korea Investment CORP now owns 515,064 shares of the bank’s stock worth $56,965,000 after purchasing an additional 55,848 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new position in Bank Of Montreal in the second quarter valued at approximately $159,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of Bank Of Montreal by 11.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 22,807 shares of the bank’s stock worth $2,523,000 after buying an additional 2,288 shares in the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank Of Montreal Stock Up 1.3%

Bank Of Montreal stock opened at $125.38 on Friday. The firm has a market capitalization of $89.22 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04. The firm’s fifty day moving average price is $126.02 and its two-hundred day moving average price is $117.28. Bank Of Montreal has a 1-year low of $85.40 and a 1-year high of $131.36. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its earnings results on Tuesday, August 26th. The bank reported $2.33 earnings per share for the quarter, topping analysts’ consensus estimates of $2.12 by $0.21. Bank Of Montreal had a net margin of 11.00% and a return on equity of 10.57%. The company had revenue of $6.51 billion for the quarter, compared to analyst estimates of $8.84 billion. During the same quarter in the prior year, the business posted $2.64 EPS. The firm’s revenue was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BMO has been the subject of several research analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank Of Montreal in a research note on Wednesday, October 8th. Wall Street Zen downgraded shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. National Bankshares reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Friday, August 15th. Cibc World Mkts raised shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $163.00.

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.