Ronna Sue Cohen Maintains Stake in Bank Of Montreal (NYSE:BMO)

Bruno Cirelli
Luglio 20, 2017

11/01/2016 - Bank Of Montreal had its " rating reiterated by analysts at Bank of America Merrill Lynch. BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional and government clients.

7/18/2017-Canaccord Genuity initiated coverage with a Hold rating. Schmidt P J Investment Management Inc. now owns 5,973 shares of the bank's stock worth $447,000 after buying an additional 70 shares during the period. They noted that the move was a valuation call. Royal Bank Of Canada raised their price objective on Bank of Nova Scotia (The) from $86.00 to $87.00 and gave the company an outperform rating in a report on Wednesday, May 31st.

05/23/2017 - Bank Of Montreal was upgraded to " by analysts at Barclays. Finally, TD Securities upgraded shares of Bank Of Montreal from a "hold" rating to a "buy" rating in a research note on Thursday, June 1st. They set a "hold" rating on the stock.

Shares of Bank Of Montreal (BMO) traded up 0.31% on Wednesday, reaching $76.73. The institutional investor held 2,905 shares of the commercial banks company at the end of 2016Q4, valued at $208,000, down from 12,655 at the end of the previous reported quarter. The stock has a 50 day moving average price of $71.47 and a 200 day moving average price of $73.29. Pcj Investment Counsel Ltd who had been investing in Bank Of Nova Scotia for a number of months, seems to be less bullish one the $74.75 billion market cap company. Bank Of Montreal has a one year low of $62.32 and a one year high of $78.00.

Today, Canaccord Genuity initiated coverage on Bank Of Montreal (NYSE:BMO) with a Hold. The bank reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.15 by $0.08. The firm had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.26 billion. Bank Of Montreal had a return on equity of 14.25% and a net margin of 19.60%. Bank Of Montreal's revenue for the quarter was up 12.5% on a year-over-year basis. Equities research analysts expect that Bank Of Montreal will post $6.32 EPS for the current year.

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Bank Of Montreal (NYSE:BMO) (TSE:BMO) announced that its Board of Directors has approved a share buyback plan, which allows the company to buyback 4,000,000 shares on Friday, June 23rd, EventVestor reports. This repurchase authorization permits the bank to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Checking in quickly on recent volatility numbers, we can see that shares have been recorded at 1.26% for the week, and 1.24% for the last month. The ex-dividend date of this dividend is Friday, July 28th. The consensus recommendation provided by covering analysts is presently 3.00.

Sell-side analysts that regularly cover the stock have offered price targets and recommendations on Bank of Montreal (NYSE:BMO). Bronfman E.L. Rothschild L.P. boosted its position in Bank Of Montreal by 1.7% in the first quarter.

Bank Of Nova Scotia Trust Company decreased Weyerhaeuser Co (NYSE:WY) stake by 28,095 shares to 10,690 valued at $322,000 in 2016Q4. BNP Paribas Arbitrage SA acquired a new position in Bank Of Montreal during the first quarter valued at $121,000. Bank of New York Mellon Corp raised its position in Bank Of Montreal by 3.6% in the first quarter. Acadian Asset Management LLC boosted its stake in Bank Of Montreal by 12.8% in the first quarter. Finally, M&T Bank Corp purchased a new position in Bank of Nova Scotia (The) during the first quarter valued at $222,000. IHT Wealth Management LLC now owns 2,150 shares of the bank's stock valued at $160,000 after buying an additional 600 shares during the period.

More notable recent Bank of Montreal (USA) (NYSE:BMO) news were published by: which released: "Bank of Montreal: The Ultimate Bank Stock" on March 29, 2017, also with their article: "Bank of Montreal Braces for Loan Losses as US Growth Ebbs" published on May 24, 2017, published: "Bank of Montreal Beats Peers Where it Counts" on February 09, 2017. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services.

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