Bank Montreal Que (BMO) Shareholder Bank Of Nova Scotia Increased Its Stake as Shares Rose

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Based on the latest 2018Q2 regulatory filing with the SEC, Bank Of Nova Scotia upped its holdings in Bank Montreal Que (BMO) by 8.3%. By buying 615,919 shares Bank Of Nova Scotia made the stock popped up with 4.23%. At the end of 2018Q2, the institutional investor held 8.03M shares of the commercial banks company, valued at $620.76M, up from 7.42 million at the end of the previous reported quarter. Bank Montreal Que has $44.86 billion market cap. Ticker’s shares touched $69.76 during the last trading session after 0.67% change.Bank of Montreal has 1.07M shares volume, 93.23% up from normal. BMO is uptrending and has moved 8.75% since December 8, 2017. The stock underperformed the S&P500 by 6.87%.

About $18.23 billion US Long portfolio Bank Of Nova Scotia manages. It reduced its stake in Total Sys Svcs Inc (NYSE:TSS) by 167,375 shares to 18,068 shares, valued at $1.53 million in 2018Q2, according to the filing. Bank Of Nova Scotia has cut its stake in Ishares Tr and also reduced its holding in Cheniere Energy Inc (NYSEMKT:LNG) by 66,700 shares in the quarter, for a total of 5,955 shares.

For more Bank of Montreal (NYSE:BMO) news published recently go to: Fool.com, Fool.ca, Globenewswire.com, Fool.ca or Fool.ca. The titles are as follows: “Bank of Montreal (BMO) Q4 2018 Earnings Conference Call Transcript – The Motley Fool” published on December 04, 2018, “Bank of Montreal’s (TSX:BMO) ETF Menu: A Feast for Passive and Active Investors – The Motley Fool Canada” on November 30, 2018, “The Cooper Companies to Participate in the BMO Healthcare Conference – GlobeNewswire” with a publish date: November 15, 2018, “Stash These 3 Top Bank Stocks in Your TFSA Early Retirement Fund – The Motley Fool Canada” and the last “Jockeying for Your Investment Dollars – The Motley Fool Canada” with publication date: November 22, 2018.

Bank of Montreal (NYSE:BMO) Ratings Coverage

Total analysts of 2 have positions in Bank of Montreal (NYSE:BMO) as follows: 2 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. Since July 18, 2018 according to StockzIntelligence Inc Bank of Montreal has 2 analyst reports. On Wednesday, July 18 the company was upgraded by RBC Capital Markets. On Wednesday, August 29 Canaccord Genuity upgraded the shares of BMO in report to “Buy” rating.

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