Bank of Montreal (NYSE:BMO) Receives New Coverage from Analysts at UBS Group

Stock analysts at UBS Group began coverage on shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) in a note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “neutral” rating on the bank’s stock.

Other analysts have also recently issued research reports about the stock. Barclays began coverage on shares of Bank of Montreal in a report on Wednesday, March 20th. They issued an “overweight” rating on the stock. Keefe, Bruyette & Woods cut shares of Bank of Montreal from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $137.00 to $124.00 in a report on Monday, June 3rd. Finally, Desjardins cut Bank of Montreal from a “buy” rating to a “hold” rating in a report on Wednesday, May 29th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.50.

Bank of Montreal Trading Down 0.8 %

BMO opened at $83.15 on Tuesday. Bank of Montreal has a 12-month low of $73.98 and a 12-month high of $100.12. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $60.64 billion, a PE ratio of 13.81, a P/E/G ratio of 2.08 and a beta of 1.12. The firm’s fifty day moving average price is $89.56 and its 200 day moving average price is $92.99.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Wednesday, May 29th. The bank reported $1.91 EPS for the quarter, missing the consensus estimate of $2.01 by ($0.10). The company had revenue of $5.88 billion for the quarter, compared to the consensus estimate of $5.96 billion. Bank of Montreal had a return on equity of 11.60% and a net margin of 8.25%. As a group, research analysts expect that Bank of Montreal will post 7.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Principal Securities Inc. acquired a new position in shares of Bank of Montreal in the 4th quarter valued at about $33,000. Cullen Frost Bankers Inc. increased its position in Bank of Montreal by 3,375.0% in the 4th quarter. Cullen Frost Bankers Inc. now owns 417 shares of the bank’s stock worth $41,000 after purchasing an additional 405 shares during the last quarter. Headlands Technologies LLC bought a new stake in shares of Bank of Montreal in the 4th quarter valued at approximately $44,000. EverSource Wealth Advisors LLC raised its position in Bank of Montreal by 39.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 463 shares of the bank’s stock valued at $46,000 after acquiring an additional 130 shares in the last quarter. Finally, IAG Wealth Partners LLC lifted its stake in Bank of Montreal by 117.5% in the fourth quarter. IAG Wealth Partners LLC now owns 496 shares of the bank’s stock valued at $49,000 after acquiring an additional 268 shares during the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

Bank of Montreal Company 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.