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

Skandinaviska Enskilda Banken AB publ lifted its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 9.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 108,550 shares of the bank’s stock after purchasing 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 quarter.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. National Bankshares reissued an “outperform” rating on shares of Bank Of Montreal in a report on Friday, August 15th. Raymond James Financial started coverage on Bank Of Montreal in a research report on Monday, November 24th. They issued a “market perform” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank Of Montreal in a research report on Wednesday, October 8th. Finally, CIBC upgraded Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $163.00.

Bank Of Montreal Trading Up 0.9%

NYSE BMO opened at $126.54 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. 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 52-week low of $85.40 and a 52-week high of $131.36. The firm has a 50-day moving average price of $125.94 and a 200 day moving average price of $117.57.

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.