Ieq Capital LLC Makes New $1.52 Million Investment in Bank Of Montreal $BMO

Key Points

• Ieq Capital LLC acquired a new $1.52 million stake in Bank of Montreal during the second quarter, purchasing 8,624 shares. Institutional investors collectively own 45.82% of the bank.
• BMO’s adjusted third-quarter earnings beat expectations, with adjusted EPS up 22% year over year to $3.96 and revenue rising about 10% to $7.1 billion, driven by U.S. banking and capital markets.
• Despite the adjusted earnings beat, reported net income fell 25% and reported EPS declined 24% because of an asset-sale-related charge. Analysts maintain a consensus “Hold” rating, while BMO plans to repurchase up to 25 million shares and maintain its $1.71 quarterly dividend.

Ieq Capital LLC bought a new position in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,624 shares of the bank's stock, valued at approximately $1,524,000.

A number of other hedge funds also recently bought and sold shares of BMO. TD Asset Management Inc lifted its holdings in Bank Of Montreal by 1.5% in the 4th quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank's stock worth $2,519,180,000 after buying an additional 293,575 shares during the period. FIL Ltd raised its holdings in shares of Bank Of Montreal by 15.2% during the fourth quarter. FIL Ltd now owns 9,445,162 shares of the bank's stock valued at $1,226,622,000 after acquiring an additional 1,245,500 shares in the last quarter. Norges Bank purchased a new stake in Bank Of Montreal in the fourth quarter worth $1,059,320,000. Geode Capital Management LLC boosted its holdings in Bank Of Montreal by 6.7% in the fourth quarter. Geode Capital Management LLC now owns 7,030,219 shares of the bank's stock valued at $932,242,000 after acquiring an additional 442,812 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Bank Of Montreal by 0.5% during the 4th quarter. Legal & General Group Plc now owns 4,550,324 shares of the bank's stock valued at $591,714,000 after purchasing an additional 24,658 shares during the period. Hedge funds and other institutional investors own 45.82% of the company's stock.

Trending Headlines about Bank Of Montreal

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

• Positive Sentiment: Adjusted earnings exceeded expectations: Adjusted EPS rose 22% year over year to $3.96, above the approximately $2.71–$2.86 analyst estimates cited in reports. Revenue increased about 10% to roughly $7.1 billion, supported by strength in U.S. banking and capital markets. BMO Financial beats third-quarter forecasts as capital markets earnings surge
• Positive Sentiment: Capital markets momentum was a key catalyst: Earnings in the division surged, while stronger U.S. banking results helped BMO beat forecasts despite ongoing concerns about tariffs and the economic outlook. Provisions for credit losses also declined to $722 million from $797 million a year earlier. Bank of Montreal beats earnings estimates on US banking strength
• Positive Sentiment: Planned share repurchases could support the stock: BMO intends to buy back and cancel up to 25 million common shares, subject to OSFI and TSX approval. The program could reduce the share count and enhance per-share earnings over time. BMO announces intention to repurchase shares
• Neutral Sentiment: Dividend was maintained: BMO declared a quarterly dividend of $1.71 per share, unchanged from the prior quarter, representing an annualized $6.84 payout and an indicated yield near 3.9%. The consistency supports income investors but offers no new dividend-growth catalyst. BMO declares dividends
• Negative Sentiment: Reported results declined sharply: Net income fell 25% to $1.75 billion and reported EPS dropped 24% to $2.38, primarily reflecting a charge related to the sale of assets. Reported ROE decreased to 8.4% from 11.6%, while the CET1 ratio eased to 13.0% from 13.5%. These figures likely explain the cautious reaction despite the adjusted earnings beat. BMO reports third-quarter 2026 results

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings cut shares of Bank Of Montreal from a "buy (b+)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Scotiabank reissued an "outperform" rating on shares of Bank Of Montreal in a research note on Wednesday. TD Securities restated a "buy" rating on shares of Bank Of Montreal in a report on Wednesday, August 12th. Desjardins reiterated a "hold" rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce lowered Bank Of Montreal from a "sector outperform" rating to a "neutral" rating in a research report on Tuesday, August 18th. Five research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bank Of Montreal has a consensus rating of "Hold" and a consensus price target of $163.00.

Bank Of Montreal Stock Down 0.4%

Shares of Bank Of Montreal stock opened at $172.83 on Thursday. Bank Of Montreal has a 1 year low of $118.13 and a 1 year high of $187.22. The firm has a market cap of $120.49 billion, a price-to-earnings ratio of 19.51, a PEG ratio of 1.06 and a beta of 0.94. The company has a 50-day moving average of $177.88 and a 200 day moving average of $159.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a net margin of 11.72% and a return on equity of 13.60%. The business had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the previous year, the firm posted $2.62 earnings per share. Bank Of Montreal's quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Bank Of Montreal will post 10.49 earnings per share for the current fiscal year.

Bank Of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Friday, October 30th will be paid a $1.71 dividend. The ex-dividend date is Friday, October 30th. This represents a $6.84 annualized dividend and a dividend yield of 4.0%. Bank Of Montreal's dividend payout ratio is presently 51.06%.

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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