Park Avenue Securities LLC purchased a new stake in Bank of Montreal (NYSE:BMO – Free Report) (TSE:BMO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,476 shares of the bank’s stock, valued at approximately $434,000.
A number of other institutional investors have also modified their holdings of the company. Toronto Dominion Bank boosted its position in Bank of Montreal by 14.9% in the 3rd quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank’s stock valued at $1,065,474,000 after buying an additional 1,534,508 shares during the period. FMR LLC lifted its position in Bank of Montreal by 14.2% in the third quarter. FMR LLC now owns 5,046,721 shares of the bank’s stock valued at $455,397,000 after acquiring an additional 625,797 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Bank of Montreal by 2.5% in the third quarter. The Manufacturers Life Insurance Company now owns 4,793,309 shares of the bank’s stock valued at $432,823,000 after acquiring an additional 114,909 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Bank of Montreal by 261.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank’s stock worth $383,449,000 after buying an additional 3,074,389 shares during the last quarter. Finally, Fiera Capital Corp increased its position in Bank of Montreal by 1.5% during the third quarter. Fiera Capital Corp now owns 3,453,718 shares of the bank’s stock worth $312,054,000 after buying an additional 50,287 shares during the period. 45.82% of the stock is owned by institutional investors and hedge funds.
Bank of Montreal Stock Performance
Shares of NYSE:BMO opened at $100.14 on Friday. The company has a market cap of $73.09 billion, a P/E ratio of 14.35, a PEG ratio of 1.41 and a beta of 1.09. The business’s 50-day simple moving average is $97.11 and its 200 day simple moving average is $91.04. Bank of Montreal has a one year low of $76.98 and a one year high of $104.63. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98.
Bank of Montreal Increases Dividend
Analyst Upgrades and Downgrades
Several analysts have commented on BMO shares. Cibc World Mkts raised Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. StockNews.com lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Tuesday, December 17th. CIBC raised shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada upgraded shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from $133.00 to $161.00 in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Bank of Montreal currently has an average rating of “Hold” and an average target price of $128.00.
View Our Latest Stock Analysis on BMO
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.
See Also
- Five stocks we like better than Bank of Montreal
- Dividend Payout Ratio Calculator
- Market Momentum: 3 Stocks Poised for Significant Breakouts
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Kinder Morgan’s Uptrend is Only Half Over: New Highs Are Coming
- What Are Dividend Challengers?
- Momentum Builders: 3 Stocks Positioned to Shine This Quarter
Want to see what other hedge funds are holding BMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Montreal (NYSE:BMO – Free Report) (TSE:BMO).
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.