Quadrant Capital Group LLC Buys 2,288 Shares of Bank Of Montreal $BMO

Quadrant Capital Group LLC lifted its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 11.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,807 shares of the bank’s stock after buying an additional 2,288 shares during the quarter. Quadrant Capital Group LLC’s holdings in Bank Of Montreal were worth $2,523,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BMO. Avantax Advisory Services Inc. boosted its holdings in shares of Bank Of Montreal by 7.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,253 shares of the bank’s stock valued at $693,000 after purchasing an additional 507 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Bank Of Montreal by 14.6% in the first quarter. Assetmark Inc. now owns 15,087 shares of the bank’s stock worth $1,441,000 after purchasing an additional 1,925 shares during the last quarter. HB Wealth Management LLC lifted its position in shares of Bank Of Montreal by 54.3% in the first quarter. HB Wealth Management LLC now owns 4,529 shares of the bank’s stock worth $433,000 after buying an additional 1,593 shares in the last quarter. LPL Financial LLC boosted its stake in Bank Of Montreal by 8.7% during the first quarter. LPL Financial LLC now owns 352,524 shares of the bank’s stock valued at $33,670,000 after buying an additional 28,256 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Bank Of Montreal during the 1st quarter valued at approximately $53,000. 45.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BMO has been the topic of a number of research reports. Raymond James Financial initiated coverage on Bank Of Montreal in a research note on Monday. They issued a “market perform” rating on the stock. UBS Group reissued a “neutral” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Cowen reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Finally, Wall Street Zen downgraded shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $163.00.

Bank Of Montreal Trading Up 1.3%

Shares of NYSE BMO opened at $125.38 on Friday. Bank Of Montreal has a fifty-two week low of $85.40 and a fifty-two week high of $131.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market cap of $89.22 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.28 and a beta of 1.04. The business’s 50 day moving average price is $126.02 and its 200-day moving average price is $117.28.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 EPS for the quarter, beating 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 company had revenue of $6.51 billion for the quarter, compared to the consensus estimate of $8.84 billion. During the same quarter in the prior year, the company posted $2.64 EPS. Bank Of Montreal’s quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts expect that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal 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.