Toron Capital Markets INC Has Trimmed Its Bank Montreal Que (BMO) Position by $4.58 Million as Stock Declined

April 20, 2018 - By Richard Conner

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Toron Capital Markets Inc decreased its stake in Bank Montreal Que (BMO) by 4.43% based on its latest 2017Q4 regulatory filing with the SEC. Toron Capital Markets Inc sold 57,252 shares as the company’s stock declined 5.54% with the market. The institutional investor held 1.24M shares of the commercial banks company at the end of 2017Q4, valued at $98.91M, down from 1.29 million at the end of the previous reported quarter. Toron Capital Markets Inc who had been investing in Bank Montreal Que for a number of months, seems to be less bullish one the $46.42B market cap company. The stock increased 0.13% or $0.1 during the last trading session, reaching $75.12. About 94,092 shares traded. Bank of Montreal (NYSE:BMO) has risen 0.84% since April 20, 2017 and is uptrending. It has underperformed by 10.71% the S&P500.

Toron Capital Markets Inc, which manages about $2.33B US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VT) by 51,300 shares to 55,300 shares, valued at $4.11M in 2017Q4, according to the filing. It also increased its holding in Agrium Inc (NYSE:AGU) by 118,488 shares in the quarter, for a total of 621,911 shares, and has risen its stake in Telus Corp (NYSE:TU).

Analysts await Bank of Montreal (NYSE:BMO) to report earnings on May, 23. They expect $1.68 earnings per share, up 15.86 % or $0.23 from last year’s $1.45 per share. BMO’s profit will be $1.04B for 11.18 P/E if the $1.68 EPS becomes a reality. After $1.68 actual earnings per share reported by Bank of Montreal for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

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