Caisse de depot et placement du Quebec Buys New Position in Bank Of Montreal $BMO

Key Points

• Caisse de dépôt et placement du Québec acquired 5.42 million Bank of Montreal shares worth approximately $957.5 million, making BMO its 11th-largest portfolio holding and representing about 0.78% of the bank.
• Other major investors also increased or initiated positions, and institutional investors collectively own 45.82% of BMO’s stock.
• BMO maintains a quarterly dividend of $1.71, or $6.84 annually, yielding roughly 3.9%; analysts have a consensus “Hold” rating with a target price of $163.

Caisse de depot et placement du Quebec purchased a new position in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,419,567 shares of the bank's stock, valued at approximately $957,549,000. Bank Of Montreal accounts for about 1.4% of Caisse de depot et placement du Quebec's portfolio, making the stock its 11th biggest position. Caisse de depot et placement du Quebec owned about 0.78% of Bank Of Montreal as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Bank Of Montreal by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank's stock worth $4,287,878,000 after purchasing an additional 673,248 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Bank Of Montreal by 1.5% during the 4th quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank's stock valued at $2,519,180,000 after purchasing an additional 293,575 shares in the last quarter. FIL Ltd boosted its stake in shares of Bank Of Montreal by 15.2% during the 4th quarter. FIL Ltd now owns 9,445,162 shares of the bank's stock valued at $1,226,622,000 after purchasing an additional 1,245,500 shares in the last quarter. Norges Bank purchased a new position in shares of Bank Of Montreal during the fourth quarter valued at about $1,059,320,000. Finally, Canada Pension Plan Investment Board bought a new position in Bank Of Montreal in the second quarter worth about $1,281,220,000. Institutional investors own 45.82% of the company's stock.

More Bank Of Montreal News

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 Price Performance

Shares of NYSE:BMO opened at $173.63 on Wednesday. The firm 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. The business has a 50-day simple moving average of $177.82 and a two-hundred day simple moving average of $158.87. Bank Of Montreal has a fifty-two week low of $115.10 and a fifty-two week high of $187.22. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02.

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

Bank Of Montreal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Stockholders 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 dividend yield of 3.9%. The ex-dividend date is Friday, October 30th. Bank Of Montreal's dividend payout ratio (DPR) is 51.06%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Keefe, Bruyette & Woods assumed coverage on Bank Of Montreal in a research report on Friday, August 21st. They set an "outperform" rating on the stock. Barclays reissued an "underweight" rating on shares of Bank Of Montreal in a research report on Friday. Canadian Imperial Bank of Commerce cut Bank Of Montreal from a "sector outperform" rating to a "neutral" rating in a research note on Tuesday, August 18th. Scotiabank reaffirmed an "outperform" rating on shares of Bank Of Montreal in a research note on Tuesday, June 16th. Finally, Weiss Ratings downgraded Bank Of Montreal from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday, July 23rd. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price 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.

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