UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 142,114 Shares of Bank of Montreal (NYSE:BMO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its holdings in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 13.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 939,343 shares of the bank’s stock after selling 142,114 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Bank of Montreal were worth $84,729,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in shares of Bank of Montreal in the second quarter worth $34,000. Rothschild Investment LLC bought a new position in Bank of Montreal during the 2nd quarter worth $40,000. GHP Investment Advisors Inc. lifted its holdings in Bank of Montreal by 244.1% during the 3rd quarter. GHP Investment Advisors Inc. now owns 554 shares of the bank’s stock worth $50,000 after buying an additional 393 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Bank of Montreal by 34.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $56,000 after buying an additional 160 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Bank of Montreal by 207.8% in the third quarter. Blue Trust Inc. now owns 668 shares of the bank’s stock valued at $56,000 after buying an additional 451 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank of Montreal Price Performance

BMO opened at $95.08 on Tuesday. The firm’s fifty day moving average price is $92.57 and its two-hundred day moving average price is $88.25. The company has a market capitalization of $69.37 billion, a price-to-earnings ratio of 14.97, a P/E/G ratio of 2.59 and a beta of 1.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.98 and a quick ratio of 0.98. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $100.12.

Wall Street Analyst Weigh In

BMO has been the subject of several recent analyst reports. Scotiabank cut shares of Bank of Montreal from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $123.00 to $112.00 in a research report on Wednesday, August 28th. Bank of America lowered Bank of Montreal from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $134.00 to $117.00 in a research report on Wednesday, August 28th. Barclays cut their target price on Bank of Montreal from $132.00 to $126.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 28th. Jefferies Financial Group downgraded Bank of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, August 27th. Finally, TD Securities lowered Bank of Montreal from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $119.75.

About Bank of Montreal

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.