Bank of Montreal Can Has $758,000 Stake in Texas Pacific Land Trust (TPL)

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Bank of Montreal Can decreased its stake in shares of Texas Pacific Land Trust (NYSE:TPL) by 11.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 980 shares of the financial services provider’s stock after selling 123 shares during the period. Bank of Montreal Can’s holdings in Texas Pacific Land Trust were worth $758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in Texas Pacific Land Trust by 5.8% during the 4th quarter. Bank of New York Mellon Corp now owns 39,367 shares of the financial services provider’s stock worth $21,322,000 after buying an additional 2,175 shares in the last quarter. Polar Capital LLP lifted its position in Texas Pacific Land Trust by 30.1% during the 4th quarter. Polar Capital LLP now owns 37,265 shares of the financial services provider’s stock worth $20,184,000 after buying an additional 8,617 shares in the last quarter. Santa Monica Partners LP lifted its position in Texas Pacific Land Trust by 0.6% during the 1st quarter. Santa Monica Partners LP now owns 17,882 shares of the financial services provider’s stock worth $13,834,000 after buying an additional 102 shares in the last quarter. Vanguard Group Inc. lifted its position in Texas Pacific Land Trust by 1.9% during the 3rd quarter. Vanguard Group Inc. now owns 17,182 shares of the financial services provider’s stock worth $14,820,000 after buying an additional 315 shares in the last quarter. Finally, Vanguard Group Inc lifted its position in Texas Pacific Land Trust by 1.9% during the 3rd quarter. Vanguard Group Inc now owns 17,182 shares of the financial services provider’s stock worth $14,820,000 after buying an additional 315 shares in the last quarter. Institutional investors and hedge funds own 39.52% of the company’s stock.

Shares of NYSE TPL opened at $783.56 on Friday. The stock has a market cap of $6.08 billion, a P/E ratio of 21.61 and a beta of 1.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 18.54 and a current ratio of 18.54. Texas Pacific Land Trust has a 12-month low of $409.00 and a 12-month high of $915.66.

Texas Pacific Land Trust (NYSE:TPL) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $18.04 earnings per share (EPS) for the quarter. The business had revenue of $33.21 million for the quarter. Texas Pacific Land Trust had a net margin of 162.78% and a return on equity of 132.12%.

In other Texas Pacific Land Trust news, major shareholder Kinetics Asset Managem Horizon bought 36 shares of the business’s stock in a transaction on Monday, May 6th. The shares were bought at an average cost of $807.23 per share, for a total transaction of $29,060.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Horizon Kinetics Llc bought 42 shares of the business’s stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $748.14 per share, for a total transaction of $31,421.88. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 1,099 shares of company stock worth $897,376. 0.92% of the stock is owned by corporate insiders.

Separately, ValuEngine downgraded shares of Texas Pacific Land Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

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Texas Pacific Land Trust Profile

Texas Pacific Land Trust holds title to tracts of land in the state of Texas. The company operates through two segments, Land and Resource Management, and Water Service and Operations. It sells, leases, and manages these lands for the benefit of the holders of Certificates of Proprietary Interest in the Trust.

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Want to see what other hedge funds are holding TPL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Texas Pacific Land Trust (NYSE:TPL).

Institutional Ownership by Quarter for Texas Pacific Land Trust (NYSE:TPL)

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