Skandinaviska Enskilda Banken AB publ trimmed its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 68.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 49,400 shares of the bank’s stock after selling 108,000 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Bank Of Montreal were worth $3,739,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its stake in shares of Bank Of Montreal by 1,053.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,060,416 shares of the bank’s stock worth $224,388,000 after acquiring an additional 2,795,116 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of Bank Of Montreal by 32.5% in the 3rd quarter. CIBC Asset Management Inc now owns 7,059,573 shares of the bank’s stock worth $532,857,000 after acquiring an additional 1,731,928 shares in the last quarter. Public Sector Pension investment Board increased its stake in shares of Bank Of Montreal by 13,359.7% in the 2nd quarter. Public Sector Pension investment Board now owns 1,291,596 shares of the bank’s stock worth $94,699,000 after acquiring an additional 1,282,000 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Bank Of Montreal by 123.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,405,000 shares of the bank’s stock worth $103,154,000 after acquiring an additional 776,318 shares in the last quarter. Finally, Scotia Capital Inc. increased its stake in shares of Bank Of Montreal by 50.2% in the 2nd quarter. Scotia Capital Inc. now owns 2,271,198 shares of the bank’s stock worth $166,780,000 after acquiring an additional 758,940 shares in the last quarter. 42.78% of the stock is owned by hedge funds and other institutional investors.

BMO has been the subject of several research reports. Scotiabank reiterated a “buy” rating and issued a $112.00 price target on shares of Bank Of Montreal in a research note on Wednesday, November 22nd. Canaccord Genuity set a $102.00 price target on shares of Bank Of Montreal and gave the stock a “hold” rating in a research note on Tuesday, August 29th. BidaskClub upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Zacks Investment Research upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. Finally, Macquarie initiated coverage on shares of Bank Of Montreal in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $81.00 price target for the company. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Bank Of Montreal currently has an average rating of “Hold” and a consensus target price of $97.60.

Shares of Bank Of Montreal (NYSE BMO) opened at $78.28 on Tuesday. The firm has a market cap of $50,862.13, a PE ratio of 12.46, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. Bank Of Montreal has a 12 month low of $66.75 and a 12 month high of $78.93.

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Bank Of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

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Institutional Ownership by Quarter for Bank Of Montreal (NYSE:BMO)

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