Cardinal Capital Management Lifted Bank Of Montreal (BMO) Holding by $458,175 as Stock Value Declined; Parametric Portfolio Associates Raised Sumitomo Mitsui Finl Sponsored Adr (SMFG) Position by $6.07 Million

January 15, 2018 - By Richard Conner

Parametric Portfolio Associates Llc increased its stake in Sumitomo Mitsui Finl Sponsored Adr (SMFG) by 16.77% based on its latest 2017Q3 regulatory filing with the SEC. Parametric Portfolio Associates Llc bought 866,604 shares as the company’s stock declined 7.89% while stock markets rallied. The institutional investor held 6.04 million shares of the commercial banks company at the end of 2017Q3, valued at $46.54M, up from 5.17 million at the end of the previous reported quarter. Parametric Portfolio Associates Llc who had been investing in Sumitomo Mitsui Finl Sponsored Adr for a number of months, seems to be bullish on the $68.04 billion market cap company. The stock increased 0.42% or $0.04 during the last trading session, reaching $9.52. About 1.73M shares traded or 75.73% up from the average. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) has risen 18.55% since January 15, 2017 and is uptrending. It has outperformed by 1.85% the S&P500.

Cardinal Capital Management Inc increased its stake in Bank Of Montreal (BMO) by 0.78% based on its latest 2017Q3 regulatory filing with the SEC. Cardinal Capital Management Inc bought 6,109 shares as the company’s stock declined 10.55% while stock markets rallied. The institutional investor held 793,644 shares of the commercial banks company at the end of 2017Q3, valued at $59.91 million, up from 787,535 at the end of the previous reported quarter. Cardinal Capital Management Inc who had been investing in Bank Of Montreal for a number of months, seems to be bullish on the $52.36B market cap company. The stock increased 0.43% or $0.35 during the last trading session, reaching $82.09. About 287,489 shares traded. Bank of Montreal (NYSE:BMO) has risen 10.44% since January 15, 2017 and is uptrending. It has underperformed by 6.26% the S&P500.

Parametric Portfolio Associates Llc, which manages about $92.09 billion US Long portfolio, decreased its stake in Audentes Therapeutics Com by 15,082 shares to 21,252 shares, valued at $595,000 in 2017Q3, according to the filing. It also reduced its holding in Dxc Technology Co by 74,673 shares in the quarter, leaving it with 766,174 shares, and cut its stake in Intl. Fcstone Inc (NASDAQ:INTL).

Cardinal Capital Management Inc, which manages about $1.84 billion and $1.08 billion US Long portfolio, decreased its stake in Nextera Energy Inc. (NYSE:NEE) by 97,233 shares to 300 shares, valued at $44,000 in 2017Q3, according to the filing. It also reduced its holding in Deere & Co. (NYSE:DE) by 5,155 shares in the quarter, leaving it with 96,041 shares, and cut its stake in Microsoft Corp. (NASDAQ:MSFT).

Among 12 analysts covering Bank Of Montreal (NYSE:BMO), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Bank Of Montreal had 28 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating by National Bank Canada given on Wednesday, August 26. The firm earned “Equal-Weight” rating on Tuesday, May 23 by Barclays Capital. The rating was maintained by Barclays Capital on Wednesday, December 2 with “Underweight”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 11. The stock has “Buy” rating by TD Securities on Thursday, June 1. The rating was upgraded by Canaccord Genuity on Wednesday, December 7 to “Buy”. The stock of Bank of Montreal (NYSE:BMO) has “Buy” rating given on Thursday, May 18 by Citigroup. Scotia Capital maintained Bank of Montreal (NYSE:BMO) on Wednesday, August 26 with “Sector Perform” rating. The firm has “Hold” rating given on Thursday, May 26 by TD Securities. The rating was initiated by Dundee Securities with “Neutral” on Wednesday, September 21.

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