Cibc World Markets buys $1,755,479,661 stake in Bank of Montreal (USA) (BMO)

Bank of Montreal (USA) (BMO) : Cibc World Markets scooped up 244,618 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 Jul 21, 2016. The investment management firm now holds a total of 27,233,628 shares of Bank of Montreal (USA) which is valued at $1,755,479,661.Bank of Montreal (USA) makes up approximately 7.57% of Cibc World Markets’s portfolio.

Other Hedge Funds, Including , Lingohr Partner Asset Management Gmbh reduced its stake in BMO by selling 40,882 shares or 84.24% in the most recent quarter. The Hedge Fund company now holds 7,650 shares of BMO which is valued at $493,119. Bank of Montreal (USA) makes up approx 0.47% of Lingohr Partner Asset Management Gmbh’s portfolio.Acadian Asset Management reduced its stake in BMO by selling 720,100 shares or 11.62% in the most recent quarter. The Hedge Fund company now holds 5,478,168 shares of BMO which is valued at $356,902,645. Bank of Montreal (USA) makes up approx 1.76% of Acadian Asset Management’s portfolio. Handelsbanken Fonder Ab sold out all of its stake in BMO during the most recent quarter. The investment firm sold 5,900 shares of BMO which is valued $387,040.Deroy Devereaux Private Investment Counsel Inc reduced its stake in BMO by selling 4,488 shares or 31.58% in the most recent quarter. The Hedge Fund company now holds 9,723 shares of BMO which is valued at $630,245. Bank of Montreal (USA) makes up approx 0.08% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.

Bank of Montreal (USA) opened for trading at $63.74 and hit $64.15 on the upside on Thursday, eventually ending the session at $63.77, with a gain of 0.20% or 0.1282 points. The heightened volatility saw the trading volume jump to 5,09,254 shares. Company has a market cap of $41,068 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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