Bank of Montreal (NYSE:BMO) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 2.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,191 shares of the bank’s stock after purchasing an additional 7,759 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Bank of Montreal were worth $24,589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Investment Solutions Inc. IL purchased a new position in Bank of Montreal during the second quarter worth approximately $34,000. Rothschild Investment LLC acquired a new stake in shares of Bank of Montreal in the 2nd quarter worth $40,000. GHP Investment Advisors Inc. increased its stake in shares of Bank of Montreal by 244.1% in the 3rd quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock worth $50,000 after acquiring an additional 393 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Bank of Montreal by 34.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $56,000 after acquiring an additional 160 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of Bank of Montreal by 207.8% during the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock valued at $56,000 after acquiring an additional 451 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank of Montreal Trading Up 0.4 %

BMO opened at $95.30 on Friday. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $100.12. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $92.57 and a 200-day simple moving average of $88.34. The firm has a market cap of $69.53 billion, a P/E ratio of 15.01, a P/E/G ratio of 2.58 and a beta of 1.10.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Tuesday, August 27th. The bank reported $2.64 EPS for the quarter, missing analysts’ consensus estimates of $2.76 by ($0.12). The firm had revenue of $8.21 billion for the quarter, compared to analysts’ expectations of $8.25 billion. Bank of Montreal had a net margin of 8.50% and a return on equity of 11.23%. The business’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $2.08 earnings per share. On average, equities analysts expect that Bank of Montreal will post 7.37 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BMO shares. StockNews.com cut shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Jefferies Financial Group lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Barclays lowered their price objective on Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating for the company in a research report on Wednesday, August 28th. Scotiabank downgraded Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $123.00 to $112.00 in a research report on Wednesday, August 28th. Finally, TD Securities lowered Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Bank of Montreal presently has a consensus rating of “Hold” and a consensus target price of $119.75.

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.