Fintel reports that on January 9, 2025, RBC Capital upgraded their outlook for Bank of Montreal (NYSE:BMO) from Sector Perform to Outperform.
Analyst Price Forecast Suggests 2.15% Upside
As of December 24, 2024, the average one-year price target for Bank of Montreal is $100.56/share. The forecasts range from a low of $87.08 to a high of $116.82. The average price target represents an increase of 2.15% from its latest reported closing price of $98.44 / share.
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The projected annual revenue for Bank of Montreal is 36,276MM, an increase of 24.94%. The projected annual non-GAAP EPS is 15.17.
What is the Fund Sentiment?
There are 640 funds or institutions reporting positions in Bank of Montreal. This is an increase of 3 owner(s) or 0.47% in the last quarter. Average portfolio weight of all funds dedicated to BMO is 0.25%, an increase of 4.22%. Total shares owned by institutions decreased in the last three months by 5.84% to 341,910K shares. 
The put/call ratio of BMO is 0.79, indicating a bullish outlook.
What are Other Shareholders Doing?
Royal Bank Of Canada holds 55,325K shares representing 7.58% ownership of the company. In its prior filing, the firm reported owning 57,772K shares , representing a decrease of 4.42%. The firm increased its portfolio allocation in BMO by 13.41% over the last quarter.
Bank Of Montreal holds 27,693K shares representing 3.80% ownership of the company. In its prior filing, the firm reported owning 27,336K shares , representing an increase of 1.29%. The firm decreased its portfolio allocation in BMO by 63.58% over the last quarter.
Td Asset Management holds 17,128K shares representing 2.35% ownership of the company. In its prior filing, the firm reported owning 18,713K shares , representing a decrease of 9.25%. The firm decreased its portfolio allocation in BMO by 49.19% over the last quarter.
CIBC World Markets holds 15,995K shares representing 2.19% ownership of the company. In its prior filing, the firm reported owning 17,434K shares , representing a decrease of 9.00%. The firm decreased its portfolio allocation in BMO by 10.80% over the last quarter.
Bank Of Nova Scotia holds 14,024K shares representing 1.92% ownership of the company. In its prior filing, the firm reported owning 12,115K shares , representing an increase of 13.62%. The firm decreased its portfolio allocation in BMO by 25.85% over the last quarter.
Bank of Montreal Background Information
(This description is provided by the company.)
Serving customers for 200 years and counting, Bank of Montreal (BMO) is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of $973 billionas of January 31, 2021, and a team of diverse and highly engaged employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, BMO Wealth Management and BMO Capital Markets.
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