Bank Of Montreal (BMO) Holdings Reduced by Pinebridge Investments L.P.

Pinebridge Investments L.P. decreased its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,880 shares of the bank’s stock after selling 1,121 shares during the quarter. Pinebridge Investments L.P.’s holdings in Bank Of Montreal were worth $9,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Commerzbank Aktiengesellschaft FI grew its holdings in Bank Of Montreal by 4.0% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 142,097 shares of the bank’s stock valued at $10,758,000 after buying an additional 5,486 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Bank Of Montreal by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,800,439 shares of the bank’s stock worth $287,731,000 after purchasing an additional 41,934 shares during the period. BB&T Securities LLC grew its holdings in shares of Bank Of Montreal by 14.7% during the 3rd quarter. BB&T Securities LLC now owns 74,535 shares of the bank’s stock worth $5,643,000 after purchasing an additional 9,540 shares during the period. USS Investment Management Ltd grew its holdings in shares of Bank Of Montreal by 12.2% during the 3rd quarter. USS Investment Management Ltd now owns 96,600 shares of the bank’s stock worth $7,319,000 after purchasing an additional 10,500 shares during the period. Finally, Sii Investments Inc. WI purchased a new stake in shares of Bank Of Montreal during the 3rd quarter worth about $201,000. Institutional investors own 42.78% of the company’s stock.

A number of brokerages have recently issued reports on BMO. Macquarie began coverage on Bank Of Montreal in a report on Tuesday, October 24th. They set a “neutral” rating and a $81.00 target price for the company. Zacks Investment Research cut Bank Of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Canaccord Genuity set a $102.00 target price on Bank Of Montreal and gave the stock a “hold” rating in a report on Tuesday, August 29th. Scotiabank reiterated a “buy” rating and set a $112.00 target price on shares of Bank Of Montreal in a report on Wednesday, November 22nd. Finally, BidaskClub cut Bank Of Montreal from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Bank Of Montreal presently has a consensus rating of “Hold” and a consensus price target of $97.60.

Shares of Bank Of Montreal (NYSE BMO) opened at $78.37 on Monday. The stock has a market capitalization of $50,862.13, a PE ratio of 12.46, a PEG ratio of 2.19 and a beta of 1.06. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13. Bank Of Montreal has a fifty-two week low of $66.54 and a fifty-two week high of $78.86.

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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.

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

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