Bank of Montreal (NYSE:BMO) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. trimmed its holdings in Bank of Montreal (NYSE:BMO) (TSE:BMO) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,915 shares of the bank’s stock after selling 250 shares during the period. Financial Counselors Inc.’s holdings in Bank of Montreal were worth $443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BMO. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Bank of Montreal in the second quarter worth approximately $34,000. Rothschild Investment LLC acquired a new position in shares of Bank of Montreal in the 2nd quarter valued at $40,000. GHP Investment Advisors Inc. grew its stake in shares of Bank of Montreal by 244.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock valued at $50,000 after buying an additional 393 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of Bank of Montreal by 34.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $56,000 after buying an additional 160 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Bank of Montreal by 207.8% in the 3rd quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock worth $56,000 after buying an additional 451 shares during the period. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank of Montreal Trading Up 0.3 %

NYSE BMO opened at $95.25 on Friday. The stock has a market cap of $69.49 billion, a P/E ratio of 15.00, a PEG ratio of 2.58 and a beta of 1.10. The company’s fifty day simple moving average is $92.57 and its 200-day simple moving average is $88.30. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.13. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $100.12.

Analysts Set New Price Targets

BMO has been the subject of a number of research reports. Jefferies Financial Group downgraded Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. Scotiabank downgraded shares of Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from $123.00 to $112.00 in a research report on Wednesday, August 28th. Barclays reduced their price target on shares of Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. StockNews.com lowered shares of Bank of Montreal from a “hold” rating to a “sell” rating in a research report on Thursday, August 29th. Finally, TD Securities cut shares of Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $119.75.

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.