Bank Of Montreal (BMO) Stake Maintained by South Texas Money Management Ltd

July 17, 2017 - By Michael Collier

South Texas Money Management Ltd increased its stake in Bank Of Montreal (BMO) by 84.41% based on its latest 2016Q4 regulatory filing with the SEC. South Texas Money Management Ltd bought 302,289 shares as the company’s stock declined 10.55% while stock markets rallied. The institutional investor held 660,415 shares of the commercial banks company at the end of 2016Q4, valued at $47.50M, up from 358,126 at the end of the previous reported quarter. South Texas Money Management Ltd who had been investing in Bank Of Montreal for a number of months, seems to be bullish on the $50.10 billion market cap company. The stock declined 0.48% or $0.37 reaching $76.24 on the news. About 157,057 shares traded. Bank of Montreal (USA) (NYSE:BMO) has risen 10.44% since July 17, 2016 and is uptrending. It has underperformed by 6.26% the S&P500.

More notable recent Bank of Montreal (USA) (NYSE:BMO) news were published by: Fool.ca which released: “Dividend Investors: Should BCE Inc. or Bank of Montreal Be in Your RRSP?” on July 11, 2017, also Fool.ca with their article: “Why Bank of Montreal Is on My Watchlist” published on May 19, 2017, Fool.ca published: “Bank of Montreal: A Must-Have Dividend Stock?” on January 11, 2017. More interesting news about Bank of Montreal (USA) (NYSE:BMO) were released by: Fool.ca and their article: “Why Bank of Montreal May Appeal More to Investors Than Any Other Bank” published on February 15, 2017 as well as Bloomberg.com‘s news article titled: “Bank of Montreal’s Next Chief Sees Right Conditions for US Push” with publication date: April 07, 2017.

Bank of Montreal (USA) (NYSE:BMO) Ratings Coverage

Among 12 analysts covering Bank Of Montreal (NYSE:BMO), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Bank Of Montreal had 27 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Bank of Montreal (USA) (NYSE:BMO) earned “Neutral” rating by Bank of America on Tuesday, November 1. On Wednesday, August 26 the stock rating was maintained by National Bank Canada with “Sector Perform”. TD Securities upgraded Bank of Montreal (USA) (NYSE:BMO) on Wednesday, December 2 to “Buy” rating. The firm has “Sector Perform” rating given on Thursday, May 26 by Scotia Capital. RBC Capital Markets maintained Bank of Montreal (USA) (NYSE:BMO) on Wednesday, August 26 with “Sector Perform” rating. RBC Capital Markets maintained the shares of BMO in report on Thursday, May 25 with “Sector Perform” rating. The stock has “Buy” rating by TD Securities on Thursday, June 1. The firm has “Underweight” rating by Barclays Capital given on Wednesday, December 2. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, December 7. The stock of Bank of Montreal (USA) (NYSE:BMO) has “Underperform” rating given on Tuesday, October 4 by Credit Suisse.

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