Bank Of Montreal $BMO Shares Purchased by XTX Topco Ltd

XTX Topco Ltd boosted its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 108.6% in the second quarter, HoldingsChannel.com reports. The fund owned 51,021 shares of the bank’s stock after buying an additional 26,568 shares during the quarter. XTX Topco Ltd’s holdings in Bank Of Montreal were worth $5,644,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Bank Of Montreal by 3.9% in the second quarter. Vanguard Group Inc. now owns 32,194,013 shares of the bank’s stock valued at $3,567,773,000 after purchasing an additional 1,196,237 shares during the last quarter. Geode Capital Management LLC lifted its stake in Bank Of Montreal by 19.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,842,134 shares of the bank’s stock valued at $655,674,000 after buying an additional 939,156 shares in the last quarter. Legal & General Group Plc lifted its stake in Bank Of Montreal by 0.4% in the 2nd quarter. Legal & General Group Plc now owns 4,348,743 shares of the bank’s stock valued at $480,988,000 after buying an additional 16,538 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Bank Of Montreal by 213.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,259,505 shares of the bank’s stock valued at $406,825,000 after buying an additional 2,899,061 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Bank Of Montreal by 4.0% during the second quarter. JPMorgan Chase & Co. now owns 4,096,926 shares of the bank’s stock worth $453,243,000 after buying an additional 158,442 shares in the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Price Performance

Shares of NYSE BMO opened at $122.34 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. Bank Of Montreal has a 1-year low of $85.40 and a 1-year high of $131.36. The company has a market capitalization of $87.06 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 1.28 and a beta of 1.04. The business has a 50-day moving average of $126.31 and a 200-day moving average of $117.00.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Tuesday, August 26th. The bank reported $2.33 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.21. The business had revenue of $6.51 billion during the quarter, compared to analyst estimates of $8.84 billion. Bank Of Montreal had a net margin of 11.00% and a return on equity of 10.57%. The business’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $2.64 EPS. On average, equities analysts anticipate that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BMO. Scotiabank restated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. CIBC raised shares of Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, September 5th. National Bankshares restated an “outperform” rating on shares of Bank Of Montreal in a report on Friday, August 15th. Wall Street Zen cut shares of Bank Of Montreal from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Cowen reissued a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $163.00.

Bank Of Montreal Company 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.