Great West Life Assurance Co Can Lowers stake in Bank of Montreal (USA) (BMO)

Bank of Montreal (USA) (BMO) : Great West Life Assurance Co Can reduced its stake in Bank of Montreal (USA) by 4.62% during the most recent quarter end. The investment management company now holds a total of 4,785,745 shares of Bank of Montreal (USA) which is valued at $301,836,937 after selling 231,587 shares in Bank of Montreal (USA) , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Bank of Montreal (USA) makes up approximately 0.88% of Great West Life Assurance Co Can’s portfolio.

Other Hedge Funds, Including , Reilly Financial Advisors added BMO to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $1,703.First National Bank Of Mount Dora Trust Investment Services boosted its stake in BMO in the latest quarter, The investment management firm added 1,791 additional shares and now holds a total of 51,317 shares of Bank of Montreal (USA) which is valued at $3,343,303. Bank of Montreal (USA) makes up approx 1.85% of First National Bank Of Mount Dora Trust Investment Services’s portfolio.

Bank of Montreal (USA) opened for trading at $62.97 and hit $63.56 on the upside on Monday, eventually ending the session at $63.49, with a gain of 0.86% or 0.54 points. The heightened volatility saw the trading volume jump to 4,60,153 shares. Company has a market cap of $40,888 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 (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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