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

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Bank of Montreal (TSE:BMO) has 0.00% since November 13, 2016 and is. Arrowstreet Capital Limited Partnership now owns 1,405,000 shares of the bank's stock worth $103,154,000 after buying an additional 776,318 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Bank Of Montreal by 5.4% during the second quarter. Macquarie initiated coverage on shares of Bank Of Montreal in a research report on Tuesday, October 24th. Bronfman E.L. Rothschild L.P. increased its stake in Bank Of Montreal by 1.1% during the second quarter. Thompson Investment Management Inc. increased its stake in Bank Of Montreal by 1.6% during the second quarter. Vanguard Group Inc. now owns 14,592,498 shares of the bank's stock worth $1,071,673,000 after buying an additional 748,173 shares during the last quarter. Jarislowsky Fraser Ltd's holdings in Bank Of Montreal were worth $18,025,000 at the end of the most recent quarter. Sei Investments Co. now owns 2,015 shares of the bank's stock valued at $174,000 after buying an additional 1,984 shares during the last quarter. Finally, Baskin Financial Services Inc. lifted its holdings in Bank Of Montreal by 12.5% during the third quarter. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and worldwide copyright legislation. If you are viewing this piece on another website, it was stolen and reposted in violation of USA and worldwide trademark and copyright legislation. The original version of this piece of content can be viewed at

In the market the company is trading down by 0.26% percent from yesterday's close. 214,900 shares of the company were exchanged, compared to its average volume of 315,040. T_BMO's profit would be $1.31 billion giving it 12.11 P/E if the $2.02 EPS is correct. Bank Of Montreal has a 1-year low of $63.66 and a 1-year high of $78.86.

The target payout ratio for Bank of Montreal is now measuring at 42.60%, outlining what size the company's dividends should be. The stock of Bank of Montreal (USA) (NYSE:BMO) has "Sector Perform" rating given on Friday, September 11 by RBC Capital Markets. Moreover, Bank Of New York Mellon Corp has 0% invested in the company for 51,066 shares. The firm had revenue of $5.46 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the prior year, the company earned $1.94 EPS.

Td Asset Management Inc reports that it sold 24,977 shares last quarter decreasing its stake in Bank of Montreal (BMO) by 0.8%.

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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 1st will be issued a $0.717 dividend. The ex-dividend date of this dividend is Tuesday, October 31st. After having $2.03 EPS previously, Bank of Montreal's analysts see -0.99% EPS growth. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.82%. Bank Of Montreal's dividend payout ratio (DPR) is 46.91%.

Several other research analysts have also recently commented on the stock. Canaccord Genuity began coverage on Bank Of Montreal in a report on Tuesday, July 18th. They set a neutral rating and a $81.00 price objective on the stock.

Among 6 analysts covering Bank Of Montreal (TSE:BMO), 3 have Buy rating, 0 Sell and 3 Hold.

Bank of Montreal (TSE:BMO) opened at 92.06 on Wednesday. Bank Of Montreal had 54 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has "Hold" rating given on Thursday, May 26 by TD Securities. The company has an average rating of "Hold" and an average price target of $95.40. The value of the investment in Bank of Montreal decreased from $21,558,000 to $21,550,000 a change of $8,000 since the last quarter. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services.