Bank Of Montreal (NYSE:BMO) Raised to “Hold” at Wall Street Zen

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other equities analysts have also recently commented on the company. National Bankshares reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Friday, August 15th. Scotiabank restated a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. CIBC upgraded shares of Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, September 5th. Royal Bank Of Canada cut shares of Bank Of Montreal from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from $168.00 to $163.00 in a research report on Friday, October 3rd. Finally, Cowen reissued a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Bank Of Montreal has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Bank Of Montreal Stock Performance

Bank Of Montreal stock opened at $123.57 on Friday. The firm has a fifty day simple moving average of $126.80 and a two-hundred day simple moving average of $114.96. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a twelve month low of $85.40 and a twelve month high of $131.36. The company has a market capitalization of $88.37 billion, a PE ratio of 15.12, a P/E/G ratio of 1.28 and a beta of 1.04.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 EPS for the quarter, topping the consensus estimate of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The firm had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $8.84 billion. During the same quarter in the previous year, the business earned $2.64 earnings per share. The company’s quarterly revenue was up 9.7% on a year-over-year basis. Research analysts expect that Bank Of Montreal will post 7.71 EPS for the current year.

Institutional Trading of Bank Of Montreal

A number of institutional investors and hedge funds have recently bought and sold shares of BMO. Wealth Alliance LLC lifted its stake in shares of Bank Of Montreal by 5.1% in the third quarter. Wealth Alliance LLC now owns 8,593 shares of the bank’s stock worth $1,119,000 after buying an additional 420 shares in the last quarter. Fiera Capital Corp increased its position in shares of Bank Of Montreal by 2.6% during the third quarter. Fiera Capital Corp now owns 3,967,220 shares of the bank’s stock valued at $516,291,000 after acquiring an additional 101,739 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in Bank Of Montreal by 47.9% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 9,618 shares of the bank’s stock worth $1,252,000 after acquiring an additional 3,114 shares during the last quarter. Cumberland Partners Ltd lifted its position in Bank Of Montreal by 4.0% in the 3rd quarter. Cumberland Partners Ltd now owns 21,627 shares of the bank’s stock valued at $2,817,000 after acquiring an additional 826 shares in the last quarter. Finally, CenterBook Partners LP purchased a new stake in Bank Of Montreal during the 3rd quarter valued at $740,000. 45.82% of the stock is currently owned by institutional investors.

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.