Public Sector Pension Investment Board Stake in Bank Montreal Que (BMO) Trimmed as Stock Declined

April 18, 2018 - By Clifton Ray

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Public Sector Pension Investment Board decreased its stake in Bank Montreal Que (BMO) by 15.37% based on its latest 2017Q4 regulatory filing with the SEC. Public Sector Pension Investment Board sold 212,070 shares as the company’s stock declined 5.54% with the market. The institutional investor held 1.17M shares of the commercial banks company at the end of 2017Q4, valued at $93.72 million, down from 1.38M at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Bank Montreal Que for a number of months, seems to be less bullish one the $46.47B market cap company. The stock decreased 0.41% or $0.31 during the last trading session, reaching $75.2. About 248,380 shares traded. Bank of Montreal (NYSE:BMO) has risen 0.84% since April 18, 2017 and is uptrending. It has underperformed by 10.71% the S&P500.

Public Sector Pension Investment Board, which manages about $15.20 billion US Long portfolio, upped its stake in Assurant Inc (NYSE:AIZ) by 162,581 shares to 284,142 shares, valued at $28.65 million in 2017Q4, according to the filing. It also increased its holding in Eqt Corp (NYSE:EQT) by 263,400 shares in the quarter, for a total of 282,760 shares, and has risen its stake in At&T Inc (NYSE:T).

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 $1.04 billion for 11.19 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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