Caisse de depot et placement du Quebec Takes $957.55 Million Position in Bank Of Montreal $BMO

Caisse de depot et placement du Quebec bought a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 5,419,567 shares of the bank’s stock, valued at approximately $957,549,000. Bank Of Montreal makes up approximately 1.4% of Caisse de depot et placement du Quebec’s investment portfolio, making the stock its 11th largest position.

Several other hedge funds also recently bought and sold shares of BMO. AQR Capital Management LLC lifted its position in shares of Bank Of Montreal by 87.1% in the first quarter. AQR Capital Management LLC now owns 5,742 shares of the bank’s stock valued at $548,000 after acquiring an additional 2,673 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Bank Of Montreal during the 2nd quarter valued at approximately $1,018,000. Cerity Partners LLC raised its stake in Bank Of Montreal by 1.4% during the 2nd quarter. Cerity Partners LLC now owns 12,364 shares of the bank’s stock valued at $1,368,000 after purchasing an additional 167 shares during the period. Qube Research & Technologies Ltd boosted its stake in Bank Of Montreal by 166.3% in the 2nd quarter. Qube Research & Technologies Ltd now owns 411,108 shares of the bank’s stock worth $45,518,000 after purchasing an additional 256,755 shares during the period. Finally, NewEdge Advisors LLC boosted its stake in Bank Of Montreal by 5,614.3% in the 2nd quarter. NewEdge Advisors LLC now owns 2,800 shares of the bank’s stock worth $310,000 after purchasing an additional 2,751 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal News Summary

Here are the key news stories impacting Bank Of Montreal this week:

• Positive Sentiment: Adjusted earnings beat expectations: BMO reported adjusted EPS of $3.96, up 22% year over year and above the approximately $2.71–$2.86 analyst estimates cited in reports. Adjusted net income rose 19% to $2.86 billion, supported by strength in U.S. banking and capital markets. Bank of Montreal beats earnings estimates on US banking strength
• Positive Sentiment: Share repurchase planned: BMO intends to buy back and cancel up to 25 million common shares, subject to OSFI and TSX approval. The program could support per-share earnings and signals confidence in the bank’s capital position. BMO Financial Group Announces Intention to Repurchase Up to 25 Million of its Common Shares
• Positive Sentiment: Credit trends improved: Provision for credit losses declined to $722 million from $797 million a year earlier, while adjusted return on equity increased to 14.0% from 12.0%. These figures suggest improving profitability and lower near-term credit-cost pressure. Bank of Montreal Q3 earnings beat with increases across lines, lower provision for credit losses
• Neutral Sentiment: Dividend maintained: The quarterly common-share dividend remains $1.71, equivalent to $6.84 annually and roughly a 3.9% yield based on the cited share price. The stable payout supports income investors but does not represent dividend growth. BMO Financial Group Declares Dividends
• Negative Sentiment: Reported results declined: Net income fell 25% to $1.75 billion and reported EPS dropped to $2.38 from $3.14, primarily reflecting a charge associated with asset sales. The CET1 ratio also decreased to 13.0% from 13.5%, though it remains a key measure of financial strength. BMO Financial Group Reports Third Quarter 2026 Results

Bank Of Montreal Stock Up 0.7%

NYSE:BMO opened at $173.63 on Wednesday. The company has a market cap of $121.05 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.94. Bank Of Montreal has a twelve month low of $115.10 and a twelve month high of $187.22. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock has a fifty day simple moving average of $177.82 and a 200-day simple moving average of $158.87.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. The firm had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.62 earnings per share. Analysts anticipate that Bank Of Montreal will post 10.49 EPS for the current year.

Bank Of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 26th. Shareholders of record on Friday, October 30th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s dividend payout ratio is currently 51.06%.

Analysts Set New Price Targets

Several research firms have recently issued reports on BMO. Scotiabank reiterated an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, June 16th. Keefe, Bruyette & Woods started coverage on shares of Bank Of Montreal in a research note on Friday, August 21st. They set an “outperform” rating for the company. Raymond James Financial reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Finally, Weiss Ratings downgraded shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $163.00.

Bank Of Montreal Company Profile

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.