Omers Administration Corp buys $109.8 Million stake in Bank of Montreal (USA) (BMO)

Bank of Montreal (USA) (BMO) : Omers Administration Corp scooped up 138,000 additional shares in Bank of Montreal (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,732,297 shares of Bank of Montreal (USA) which is valued at $109.8 Million.Bank of Montreal (USA) makes up approximately 2.50% of Omers Administration Corp’s portfolio.

Other Hedge Funds, Including , Advisor Partners sold out all of its stake in BMO during the most recent quarter. The investment firm sold 8,954 shares of BMO which is valued $567,773.Obermeyer Wood Investment Counsel Lllp reduced its stake in BMO by selling 150 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 11,130 shares of BMO which is valued at $705,753. Bank of Montreal (USA) makes up approx 0.06% of Obermeyer Wood Investment Counsel Lllp’s portfolio.Manufacturers Life Insurance Company The boosted its stake in BMO in the latest quarter, The investment management firm added 57,384 additional shares and now holds a total of 2,094,522 shares of Bank of Montreal (USA) which is valued at $132.8 Million. Bank of Montreal (USA) makes up approx 0.21% of Manufacturers Life Insurance Company The’s portfolio.Timber Hill reduced its stake in BMO by selling 38,183 shares or 90.09% in the most recent quarter. The Hedge Fund company now holds 4,200 shares of BMO which is valued at $261,996. Bank of Montreal (USA) makes up approx 0.02% of Timber Hill’s portfolio.

Bank of Montreal (USA) opened for trading at $62.86 and hit $63.14 on the upside on Friday, eventually ending the session at $63.02, with a gain of 0.43% or 0.27 points. The heightened volatility saw the trading volume jump to 4,55,728 shares. Company has a market cap of $40,522 M.

On the company’s financial health, Bank of Montreal (USA) reported $1.75 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 23, 2016. Analyst had a consensus of $1.72. The company had revenue of $5075.00 million for the quarter, compared to analysts expectations of $4917.36 million. The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.53 EPS.

Many Wall Street Analysts have commented on Bank of Montreal (USA). Bank of Montreal (USA) was Downgraded by Credit Suisse to ” Neutral” on Mar 8, 2016.

Bank of Montreal (BMO) is a financial services company. The Bank provides a range of retail banking wealth management and investment banking products and services. It conducts its business through three operating groups: Personal and Commercial Banking Wealth Management and BMO Capital Markets. The Bank operates primarily in Canada and the United States. It also has operations in the United Kingdom Europe the Caribbean and Asia. It also serves customers through its wealth management businesses: BMO Nesbitt Burns BMO InvestorLine BMO Private Banking BMO Global Asset Management and BMO Insurance. BMO Capital Markets its investment and corporate banking and trading products division provides a suite of financial products and services to North American and international clients. In the United States BMO serves customers through BMO Harris Bank based in the United States Midwest with more than two million retail small business and commercial customers.

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