Polar Asset Management Partners Inc. Invests $20.45 Million in Bank Of Montreal $BMO

Polar Asset Management Partners Inc. bought a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the 2nd quarter, Holdings Channel reports. The firm bought 449,680 shares of the bank’s stock, valued at approximately $20,446,000.

Several other large investors have also added to or reduced their stakes in BMO. Edmond DE Rothschild Holding S.A. bought a new position in Bank Of Montreal in the 2nd quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Bank Of Montreal during the fourth quarter valued at about $29,000. Larson Financial Group LLC raised its holdings in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares during the period. WFA of San Diego LLC purchased a new position in shares of Bank Of Montreal in the second quarter valued at about $28,000. Finally, Western Wealth Management LLC purchased a new position in shares of Bank Of Montreal in the first quarter valued at about $38,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Up 0.7%

Shares of BMO opened at $173.63 on Wednesday. The stock has a market capitalization 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’s 50 day simple moving average is $177.82 and its 200-day simple moving average is $158.87. 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 has a 1 year low of $115.10 and a 1 year high of $187.22.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.14. The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.98 billion. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.Bank Of Montreal’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.62 EPS. As a group, equities analysts expect 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. Stockholders of record on Friday, October 30th will be issued a $1.71 dividend. The ex-dividend date 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 dividend payout ratio is presently 51.06%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BMO shares. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a research report on Wednesday, August 12th. Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a report on Friday. Scotiabank restated an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, June 16th. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bank Of Montreal currently has an average rating of “Hold” and an average target price of $163.00.

Key Headlines Impacting Bank Of Montreal

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 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.