Claret Asset Management Corp Acquires 1,071 Shares of Bank Of Montreal $BMO

Claret Asset Management Corp raised its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 1.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 88,493 shares of the bank’s stock after purchasing an additional 1,071 shares during the period. Bank Of Montreal accounts for 1.3% of Claret Asset Management Corp’s portfolio, making the stock its 20th largest position. Claret Asset Management Corp’s holdings in Bank Of Montreal were worth $9,805,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Ascent Group LLC raised its position in shares of Bank Of Montreal by 3.5% in the 2nd quarter. Ascent Group LLC now owns 2,756 shares of the bank’s stock worth $305,000 after purchasing an additional 92 shares during the last quarter. Princeton Global Asset Management LLC increased its stake in Bank Of Montreal by 40.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank’s stock valued at $39,000 after purchasing an additional 100 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in Bank Of Montreal by 4.5% in the second quarter. Focus Partners Advisor Solutions LLC now owns 2,616 shares of the bank’s stock worth $289,000 after buying an additional 112 shares during the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Bank Of Montreal by 3.7% in the second quarter. J.W. Cole Advisors Inc. now owns 3,283 shares of the bank’s stock worth $363,000 after buying an additional 117 shares in the last quarter. Finally, Wedbush Securities Inc. grew its holdings in shares of Bank Of Montreal by 4.5% during the second quarter. Wedbush Securities Inc. now owns 3,091 shares of the bank’s stock valued at $342,000 after buying an additional 132 shares during the last quarter. 45.82% of the stock is owned by institutional investors.

Bank Of Montreal Stock Up 0.9%

Bank Of Montreal stock opened at $126.54 on Monday. Bank Of Montreal has a one year low of $85.40 and a one year high of $131.36. The stock has a fifty day moving average of $125.94 and a 200 day moving average of $117.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $90.05 billion, a PE ratio of 15.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04.

Analysts Set New Price Targets

BMO has been the topic of several analyst reports. Raymond James Financial initiated coverage on Bank Of Montreal in a research report on Monday, November 24th. They issued a “market perform” rating on the stock. Royal Bank Of Canada downgraded Bank Of Montreal from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $168.00 to $163.00 in a report on Friday, October 3rd. Scotiabank reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. CIBC raised Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, September 5th. Finally, Cowen restated a “hold” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, 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.