Canada Pension Plan Investment Board Makes New $1.28 Billion Investment in Bank Of Montreal $BMO

Canada Pension Plan Investment Board purchased a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,256,202 shares of the bank’s stock, valued at approximately $1,281,220,000. Bank Of Montreal comprises approximately 0.7% of Canada Pension Plan Investment Board’s holdings, making the stock its 24th biggest position.

Several other large investors also recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. bought a new position in shares of Bank Of Montreal in the second quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Bank Of Montreal during the 4th quarter valued at $29,000. Larson Financial Group LLC raised its position in shares of Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after purchasing an additional 196 shares during the period. WFA of San Diego LLC purchased a new position in shares of Bank Of Montreal during the 2nd quarter valued at $28,000. Finally, Western Wealth Management LLC bought a new position in Bank Of Montreal in the 1st quarter worth $38,000. 45.82% of the stock is currently owned by institutional investors.

Bank Of Montreal Stock Up 0.7%

Shares of BMO opened at $173.63 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The business has a fifty day moving average of $177.82 and a 200 day moving average of $158.87. The company has a market cap of $121.05 billion, a PE ratio of 18.43, a P/E/G ratio of 1.06 and a beta of 0.94. Bank Of Montreal has a 52-week low of $115.10 and a 52-week high of $187.22.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter in the previous year, the business posted $2.62 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, sell-side analysts expect that Bank Of Montreal will post 10.49 EPS 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. Investors of record on Friday, October 30th will be paid a dividend of $1.71 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 3.9%. Bank Of Montreal’s payout ratio is currently 51.06%.

Analyst Upgrades and Downgrades

BMO has been the subject of a number of analyst reports. Weiss Ratings lowered Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Desjardins reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a research report on Wednesday, August 12th. Keefe, Bruyette & Woods assumed coverage on Bank Of Montreal in a research note on Friday, August 21st. They set an “outperform” rating on the stock. Finally, Scotiabank reissued an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, June 16th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $163.00.

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 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.