Td Asset Management Inc Lowers Its Investment in Bank of Montreal (BMO)

Joann Johnston
November 14, 2017

BMO has been the subject of several other research reports. Bank Of Montreal Can owns 500 shares or 0% of their United States portfolio. On Wednesday, November 23 the stock rating was upgraded by Credit Suisse to "Neutral". The company has an average rating of "Hold" and an average price target of $95.40. August 30 investment analysts at Scotiabank left the company rating at "Buy" projecting a price of $101.00. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock.

Shares of Bank Of Montreal (NYSE BMO) traded down $0.56 on Monday, hitting $77.22. The company had a trading volume of 214,900 shares, compared to its average volume of 429,896. This is assuming the current $1.60 EPS is accurate.

The forward P/E of Bank of Montreal is at 11.8 signifying the uses of estimated net earnings over the next 12 months. BMO's profit would be $1.04B giving it 12.02 P/E if the $1.60 EPS is correct.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, August 29th. Moreover, Saba Capital Management L.P. has 1.08% invested in the company for 1.05 million shares. During the same quarter in the prior year, the business earned $1.94 EPS.

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The analysts estimated EPS for the higher end at 1.25 and lower end at 1.15 while the year ago reported earnings per share was 0. The company has mean EPS estimate of 1.43 reported by 7 number of analyst for the quarter ending Current Qtr.(Nov2017).

Analysts expect Bank of Montreal (TSE:BMO) to report $2.02 EPS on December, 5 before the open.They anticipate $0.08 EPS change or 3.81% from last quarter's $2.1 EPS.

TRADEMARK VIOLATION WARNING: This article was first posted by Week Herald and is owned by of Week Herald. If you are accessing this piece on another website, it was copied illegally and reposted in violation of USA and worldwide copyright and trademark legislation. The original version of this piece of content can be viewed at https://baseballnewssource.com/markets/bank-of-montreal-bmo-downgraded-by-zacks-investment-research-to-sell/1765926.html. About shares traded. Xcel Energy Inc (XEL) has risen 13.18% since November 13, 2016 and is uptrending. The ex-dividend date of this dividend is Tuesday, October 31st. This is a boost from Bank Of Montreal's previous quarterly dividend of $0.66. This represents a $2.87 dividend on an annualized basis and a yield of 3.71%. Bank Of Montreal's payout ratio is 46.91%.

A number of hedge funds have recently added to or reduced their stakes in the stock. The stock of Bank of Montreal (USA) (NYSE:BMO) has "Neutral" rating given on Wednesday, September 21 by Dundee Securities. IFP Advisors Inc now owns 1,604 shares of the bank's stock valued at $118,000 after buying an additional 166 shares during the last quarter. The value of the company's investment in Bank of Montreal went from $241,818,000 to $247,136,000 increasing 2.2% quarter to quarter. Vanguard Group Inc. now owns 14,592,498 shares of the bank's stock valued at $1,071,673,000 after acquiring an additional 748,173 shares in the last quarter.

Bank of Montreal's sales for the past 5 years rolls at 3.00%, exhibiting an EPS growth from quarter-to-quarter at 9.80%. Hudock Capital Group LLC raised its position in shares of Bank Of Montreal by 0.3% during the 2nd quarter. Finally, Great West Life Assurance Co. Pictet North America Advisors Sa downsized its investment by selling 6,921 shares a decrease of 6.0% as of 09/30/2017. Great West Life Assurance Co. In the latest earnings report the EPS was $6.41 with 647.74M shares presently outstanding. The Bank provides a range of personal and commercial banking, wealth management and investment banking services and products.

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