Bank Of Montreal (NYSE:BMO) Upgraded at Scotiabank

Bank Of Montreal (NYSE:BMO) (TSE:BMO) was upgraded by equities researchers at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a report released on Monday.

Other analysts also recently issued reports about the company. Zacks Research downgraded Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Raymond James Financial restated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Bank Of Montreal in a report on Thursday. Finally, Weiss Ratings upgraded Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Stock Up 0.0%

Shares of NYSE:BMO opened at $162.07 on Monday. The company has a fifty day moving average of $148.07 and a 200-day moving average of $139.26. The company has a market capitalization of $113.51 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 0.91 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. Bank Of Montreal has a 52-week low of $104.08 and a 52-week high of $163.75.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.54 by $0.14. The company had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.62 earnings per share. On average, equities analysts predict that Bank Of Montreal will post 11.82 EPS for the current fiscal year.

Institutional Trading of Bank Of Montreal

Institutional investors have recently bought and sold shares of the company. Citigroup Inc. boosted its position in shares of Bank Of Montreal by 36.6% during the 3rd quarter. Citigroup Inc. now owns 502,382 shares of the bank’s stock worth $65,479,000 after purchasing an additional 134,699 shares in the last quarter. Jefferies Financial Group Inc. boosted its position in shares of Bank Of Montreal by 6,300.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 479,492 shares of the bank’s stock worth $62,233,000 after purchasing an additional 472,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Bank Of Montreal by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 32,343,957 shares of the bank’s stock worth $4,214,676,000 after purchasing an additional 149,944 shares in the last quarter. Aviso Financial Inc. boosted its position in shares of Bank Of Montreal by 24.2% during the 3rd quarter. Aviso Financial Inc. now owns 1,002,099 shares of the bank’s stock worth $130,601,000 after purchasing an additional 195,154 shares in the last quarter. Finally, Candriam S.C.A. boosted its position in shares of Bank Of Montreal by 2,553.4% during the 3rd quarter. Candriam S.C.A. now owns 180,563 shares of the bank’s stock worth $23,534,000 after purchasing an additional 173,758 shares in the last quarter. Institutional investors own 45.82% of the company’s stock.

About Bank Of Montreal

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.