Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO was downgraded by stock analysts at Barclays from an "overweight" rating to an "equal weight" rating in a note issued to investors on Monday, Marketbeat Ratings reports.
BMO has been the subject of several other research reports. Royal Bank of Canada upped their price objective on shares of Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Wall Street Zen raised Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Scotiabank began coverage on Bank of Montreal in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, CIBC reaffirmed a "neutral" rating on shares of Bank of Montreal in a research note on Tuesday, May 20th. Nine equities research analysts have rated the stock with a hold rating and one has assigned 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 price target of $129.50.
Get Our Latest Report on Bank of Montreal
Bank of Montreal Stock Performance
NYSE BMO opened at $108.25 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The stock's 50 day simple moving average is $98.35 and its 200-day simple moving average is $98.38. The company has a market cap of $78.16 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.43 and a beta of 1.08. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $109.10.
Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 earnings per share for the quarter, meeting analysts' consensus estimates of $1.84. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $8.79 billion. During the same quarter last year, the firm posted $2.59 EPS. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. As a group, equities research analysts anticipate that Bank of Montreal will post 7.71 EPS for the current fiscal year.
Institutional Trading of Bank of Montreal
Institutional investors have recently bought and sold shares of the business. North Star Asset Management Inc. lifted its stake in Bank of Montreal by 1.2% during the fourth quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank's stock worth $817,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in shares of Bank of Montreal by 2.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank's stock valued at $451,000 after buying an additional 120 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Bank of Montreal by 4.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 2,865 shares of the bank's stock valued at $278,000 after buying an additional 125 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of Bank of Montreal by 2.0% in the 4th quarter. Wealthspire Advisors LLC now owns 6,355 shares of the bank's stock valued at $617,000 after buying an additional 125 shares during the last quarter. Finally, Wealth Alliance LLC lifted its position in Bank of Montreal by 1.8% in the first quarter. Wealth Alliance LLC now owns 8,146 shares of the bank's stock valued at $778,000 after acquiring an additional 142 shares during the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.
Bank of Montreal Company Profile
(
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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.
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