Natl Bk Canada Downgrades Bank Of Montreal (NYSE:BMO) to Hold

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was downgraded by stock analysts at Natl Bk Canada from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

BMO has been the subject of a number of other research reports. Wall Street Zen cut Bank Of Montreal from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Cowen reiterated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Royal Bank Of Canada cut Bank Of Montreal from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $168.00 to $163.00 in a research note on Friday, October 3rd. UBS Group reaffirmed a “neutral” rating on shares of Bank Of Montreal in a research report on Wednesday, 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, September 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank Of Montreal presently has a consensus rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Stock Up 1.2%

Shares of BMO stock opened at $125.67 on Monday. Bank Of Montreal has a 12-month low of $85.40 and a 12-month high of $131.36. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average of $125.74 and a 200-day moving average of $117.99. The company has a market capitalization of $89.43 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.82 and a beta of 0.95.

Institutional Trading of Bank Of Montreal

A number of large investors have recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its stake in shares of Bank Of Montreal by 228.9% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $26,000 after purchasing an additional 190 shares during the last quarter. True Wealth Design LLC bought a new position in Bank Of Montreal during the third quarter worth about $28,000. WFA of San Diego LLC bought a new position in Bank Of Montreal during the second quarter worth about $28,000. Larson Financial Group LLC increased its position in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after buying an additional 196 shares during the last quarter. Finally, Bayforest Capital Ltd bought a new stake in Bank Of Montreal in the first quarter valued at approximately $34,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

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.