Bank of Montreal (USA) (BMO) : Scotia Capital reduced its stake in Bank of Montreal (USA) by 5.8% during the most recent quarter end. The investment management company now holds a total of 1,211,823 shares of Bank of Montreal (USA) which is valued at $78,320,120 after selling 74,634 shares in Bank of Montreal (USA) , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Bank of Montreal (USA) makes up approximately 1.70% of Scotia Capital’s portfolio.
Other Hedge Funds, Including , Azimuth Capital Management reduced its stake in BMO by selling 40 shares or 0.07% in the most recent quarter. The Hedge Fund company now holds 59,512 shares of BMO which is valued at $3,846,261. Bank of Montreal (USA) makes up approx 0.33% of Azimuth Capital Management’s portfolio.Addenda Capital reduced its stake in BMO by selling 450,970 shares or 71.56% in the most recent quarter. The Hedge Fund company now holds 179,190 shares of BMO which is valued at $11,581,050. Bank of Montreal (USA) makes up approx 0.91% of Addenda Capital’s portfolio.Credit Agricole S A boosted its stake in BMO in the latest quarter, The investment management firm added 23,680 additional shares and now holds a total of 405,962 shares of Bank of Montreal (USA) which is valued at $26,237,324. Bank of Montreal (USA) makes up approx 0.10% of Credit Agricole S A’s portfolio.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 $65.97 and hit $67.25 on the upside on Tuesday, eventually ending the session at $66.94, with a gain of 2.89% or 1.88 points. The heightened volatility saw the trading volume jump to 12,85,099 shares. Company has a market cap of $43,109 M.
On the company’s financial health, Bank of Montreal (USA) reported $1.94 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Aug 23, 2016. Analyst had a consensus of $1.83. The company had revenue of $5633.00 million for the quarter, compared to analysts expectations of $5072.88 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.86 EPS.
Many Wall Street Analysts have commented on Bank of Montreal (USA). Company shares were Reiterated by RBC Capital Mkts on Aug 24, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 88 from a previous price target of $84 .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.