Polar Asset Management Partners Inc. Makes New Investment in Bank Of Montreal $BMO

Polar Asset Management Partners Inc. bought a new position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 449,680 shares of the bank’s stock, valued at approximately $20,446,000. Polar Asset Management Partners Inc. owned approximately 0.06% of Bank Of Montreal as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in BMO. Jupiter Topco LLC purchased a new stake in shares of Bank Of Montreal during the second quarter valued at approximately $10,806,000. Hsbc Holdings PLC purchased a new position in Bank Of Montreal in the 2nd quarter worth approximately $915,000. PDT Partners LLC purchased a new position in Bank Of Montreal in the 2nd quarter worth approximately $283,000. Canada Pension Plan Investment Board bought a new position in Bank Of Montreal in the 2nd quarter valued at approximately $1,281,220,000. Finally, Legal & General Group Plc purchased a new stake in Bank Of Montreal during the 2nd quarter valued at $744,214,000. Institutional investors own 45.82% of the company’s stock.

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings lowered Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Canadian Imperial Bank of Commerce cut Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 18th. Raymond James Financial reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Scotiabank reissued an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, June 16th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Bank Of Montreal in a research note on Friday, August 21st. They set an “outperform” rating on the stock. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Bank Of Montreal presently has a consensus rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Trading Up 0.7%

NYSE:BMO opened at $173.63 on Wednesday. The company has a market cap of $121.05 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.94. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company 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 12 month low of $115.10 and a 12 month 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 firm had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.98 billion. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The company’s revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.62 EPS. Research analysts forecast that Bank Of Montreal will post 10.49 earnings per share for the current year.

Bank Of Montreal Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Friday, October 30th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s dividend payout ratio is 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.