First Trust Advisors LP boosted its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 16.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 199,643 shares of the company’s stock after buying an additional 27,770 shares during the period. First Trust Advisors LP’s holdings in Bank Of Montreal were worth $13,091,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of BMO. Tower Research Capital LLC TRC boosted its stake in Bank Of Montreal by 1,196.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,931 shares of the company’s stock valued at $123,000 after buying an additional 1,782 shares during the period. Americafirst Capital Management LLC bought a new stake in Bank Of Montreal during the second quarter valued at approximately $145,000. Hudock Capital Group LLC boosted its stake in Bank Of Montreal by 0.3% in the second quarter. Hudock Capital Group LLC now owns 2,633 shares of the company’s stock valued at $166,000 after buying an additional 9 shares during the period. C M Bidwell & Associates Ltd. bought a new stake in Bank Of Montreal during the second quarter valued at approximately $174,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in Bank Of Montreal during the second quarter valued at approximately $200,000. Institutional investors own 47.90% of the company’s stock.

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

Bank Of Montreal (NYSE:BMO) traded down 0.2610% during trading on Wednesday, reaching $66.1768. The company had a trading volume of 291,813 shares. Bank Of Montreal has a 12 month low of $47.54 and a 12 month high of $67.69. The firm has a market capitalization of $42.68 billion, a price-to-earnings ratio of 13.2965 and a beta of 1.06. The stock has a 50 day moving average price of $64.34 and a 200 day moving average price of $64.50.

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Several research analysts have issued reports on BMO shares. Credit Suisse Group AG upgraded Bank Of Montreal from an “underperform” rating to a “neutral” rating in a research report on Wednesday, November 23rd. Zacks Investment Research upgraded Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Friday, November 18th. RBC Capital Markets reiterated a “sector perform” rating and issued a $88.00 price objective (up previously from $84.00) on shares of Bank Of Montreal in a research report on Thursday, August 25th. Scotiabank reiterated a “sector perform” rating and issued a $86.00 price objective on shares of Bank Of Montreal in a research report on Tuesday, October 18th. Finally, Dundee Securities started coverage on Bank Of Montreal in a research report on Wednesday, September 21st. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $83.89.

Bank Of Montreal Company Profile

Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.

5 Day Chart for NYSE:BMO

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