Scheer Rowlett Associates Investment Management Ltd. buys $66.4 Million stake in Bank of Montreal (USA) (BMO)

Bank of Montreal (USA) (BMO) : Scheer Rowlett Associates Investment Management Ltd. scooped up 75,650 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 13, 2016. The investment management firm now holds a total of 1,047,780 shares of Bank of Montreal (USA) which is valued at $66.4 Million.Bank of Montreal (USA) makes up approximately 3.68% of Scheer Rowlett Associates Investment Management Ltd.’s portfolio.

Other Hedge Funds, Including , Patten Group boosted its stake in BMO in the latest quarter, The investment management firm added 445 additional shares and now holds a total of 3,703 shares of Bank of Montreal (USA) which is valued at $234,807. Bank of Montreal (USA) makes up approx 0.11% of Patten Group’s portfolio.Massachusetts Financial Services Co reduced its stake in BMO by selling 6,348 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 669,081 shares of BMO which is valued at $42.4 Million. Bank of Montreal (USA) makes up approx 0.02% of Massachusetts Financial Services Co’s portfolio.Highlander Capital Management reduced its stake in BMO by selling 500 shares or 83.33% in the most recent quarter. The Hedge Fund company now holds 100 shares of BMO which is valued at $6,341. Bank of Montreal (USA) makes up approx 0.01% of Highlander Capital Management’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.

Leave a Reply

Bank of Montreal (USA) - Is it time to Sell?

Top Brokerage Firms are advising their investors on Bank of Montreal (USA). Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.