Lingohr Partner Asset Management Gmbh Lowers stake in Bank of Montreal (USA) (BMO)

Bank of Montreal (USA) (BMO) : Lingohr Partner Asset Management Gmbh reduced its stake in Bank of Montreal (USA) by 64.46% during the most recent quarter end. The investment management company now holds a total of 48,532 shares of Bank of Montreal (USA) which is valued at $3.1 Million after selling 88,026 shares in Bank of Montreal (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Bank of Montreal (USA) makes up approximately 3.01% of Lingohr Partner Asset Management Gmbh’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in BMO in the latest quarter, The investment management firm added 960 additional shares and now holds a total of 9,016 shares of Bank of Montreal (USA) which is valued at $571,705. Bank of Montreal (USA) makes up approx 0.02% of D.a. Davidson’s portfolio.Burgundy Asset Management Ltd. boosted its stake in BMO in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 30,000 shares of Bank of Montreal (USA) which is valued at $1.9 Million. Bank of Montreal (USA) makes up approx 0.02% of Burgundy Asset Management Ltd.’s portfolio.Letko Brosseau Associates Inc boosted its stake in BMO in the latest quarter, The investment management firm added 451,385 additional shares and now holds a total of 5,874,729 shares of Bank of Montreal (USA) which is valued at $372.5 Million. Bank of Montreal (USA) makes up approx 3.67% of Letko Brosseau Associates Inc’s portfolio.Wetherby Asset Management Inc reduced its stake in BMO by selling 256 shares or 3.23% in the most recent quarter. The Hedge Fund company now holds 7,666 shares of BMO which is valued at $486,101. Bank of Montreal (USA) makes up approx 0.12% of Wetherby Asset Management Inc’s portfolio.Legacy Capital Partners boosted its stake in BMO in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 65,627 shares of Bank of Montreal (USA) which is valued at $4.1 Million. Bank of Montreal (USA) makes up approx 2.64% of Legacy Capital Partners’s portfolio.

Bank of Montreal (USA) opened for trading at $63.68 and hit $64.82 on the upside on Wednesday, eventually ending the session at $64.79, with a gain of 2.50% or 1.58 points. The heightened volatility saw the trading volume jump to 9,16,054 shares. Company has a market cap of $41,660 M.

On the company’s financial health, Bank of Montreal (USA) reported $1.73 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on May 25, 2016. Analyst had a consensus of $1.75.Analysts expectations of $ 4995.69.During the same quarter in the previous year, the company posted $1.71 EPS.

Many Wall Street Analysts have commented on Bank of Montreal (USA). Bank of Montreal (USA) was Downgraded by TD Securities to ” Hold” on May 26, 2016. 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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