Todays Report: Today, North Star Investment Management Corp. decreases its position in Bank Of Montreal (BMO)

Today, North Star Investment Management Corp. decreases its position in Bank Of Montreal (BMO)

North Star Investment Management Corp. reduced its stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 17.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,675 shares of the company’s stock after selling 979 shares during the period. North Star Investment Management Corp.’s holdings in Bank Of Montreal were worth $307,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Highstreet Asset Management Inc. increased its stake in Bank Of Montreal by 35.3% in the second quarter. Highstreet Asset Management Inc. now owns 129,451 shares of the company’s stock valued at $8,208,000 after buying an additional 33,788 shares during the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in Bank Of Montreal during the second quarter valued at $350,000. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Bank Of Montreal by 1.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 166,048 shares of the company’s stock valued at $10,535,000 after buying an additional 2,499 shares during the last quarter. CIBC World Markets Inc. increased its stake in Bank Of Montreal by 0.9% in the second quarter. CIBC World Markets Inc. now owns 27,233,628 shares of the company’s stock valued at $1,726,340,000 after buying an additional 244,618 shares during the last quarter. Finally, 1st Global Advisors Inc. increased its stake in Bank Of Montreal by 1.5% in the second quarter. 1st Global Advisors Inc. now owns 5,732 shares of the company’s stock valued at $363,000 after buying an additional 84 shares during the last quarter. 48.15% of the stock is owned by institutional investors and hedge funds.

Bank Of Montreal (NYSE:BMO) traded up 0.09% during midday trading on Friday, hitting $66.02. The company had a trading volume of 214,790 shares. The company’s 50 day moving average is $64.25 and its 200 day moving average is $64.46. The stock has a market cap of $42.58 billion, a price-to-earnings ratio of 13.19 and a beta of 1.06. Bank Of Montreal has a 12-month low of $47.54 and a 12-month high of $67.69.

Several research firms have recently weighed in on BMO. Royal Bank Of Canada boosted their target price on Bank Of Montreal from $84.00 to $88.00 and gave the company a “sector perform” rating in a report on Wednesday, August 24th. TD Securities reissued a “hold” rating and issued a $89.00 target price (up from $86.00) on shares of Bank Of Montreal in a report on Thursday, August 25th. Scotiabank reissued a “sector perform” rating and issued a $89.00 target price (up from $86.00) on shares of Bank Of Montreal in a report on Thursday, August 25th. National Bank Financial reissued a “sector perform” rating and issued a $88.00 target price (up from $84.00) on shares of Bank Of Montreal in a report on Thursday, August 25th. Finally, Desjardins restated a “hold” rating and issued a $86.00 price target (up previously from $84.00) on shares of Bank Of Montreal in a research report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Bank Of Montreal currently has a consensus rating of “Hold” and a consensus price target 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.

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