Bank Of Montreal $BMO Shares Acquired by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ increased its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 9.2% in the second quarter, HoldingsChannel.com reports. The firm owned 108,550 shares of the bank’s stock after acquiring an additional 9,100 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Bank Of Montreal were worth $12,009,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC grew its position in Bank Of Montreal by 228.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock worth $26,000 after buying an additional 190 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Bank Of Montreal in the 1st quarter worth approximately $34,000. Truvestments Capital LLC acquired a new stake in shares of Bank Of Montreal in the 1st quarter worth approximately $39,000. Harbor Asset Planning Inc. purchased a new position in Bank Of Montreal in the 2nd quarter valued at approximately $39,000. Finally, Princeton Global Asset Management LLC raised its holdings in Bank Of Montreal by 40.0% during the second quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank’s stock worth $39,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Analysts Set New Price Targets

BMO has been the topic of several research reports. Scotiabank reissued a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Royal Bank Of Canada cut shares of Bank Of Montreal from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $168.00 to $163.00 in a research note on Friday, October 3rd. Raymond James Financial assumed coverage on shares of Bank Of Montreal in a report on Monday, November 24th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank Of Montreal in a report on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Price Performance

Bank Of Montreal stock opened at $126.54 on Friday. The stock has a market capitalization of $90.05 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.28 and a beta of 1.04. Bank Of Montreal has a 12-month low of $85.40 and a 12-month high of $131.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. The firm’s 50-day moving average is $125.94 and its two-hundred day moving average is $117.57.

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.