Connor, Clark & Lunn Investment Management Adds $3M in Bank of Montreal ($BMO)
Key Points
- Connor, Clark & Lunn Investment Management changed its Bank of Montreal ($BMO) stake by 1.01% last quarter, boosting to 2,090,424 shares worth $348.26 million.
- Wall Street's consensus rating on $BMO is Hold and an average price target of $171.17.
- $BMO last traded around $166.60.
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Connor, Clark & Lunn Investment Management increased its position in Bank of Montreal ($BMO) by 1.01% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,090,424 shares of Bank of Montreal after buying 20,879 shares during the quarter. Connor, Clark & Lunn Investment Management's holdings in Bank of Montreal were worth $348.26 million as of its most recent filing.
Bank of Montreal Stock Down 3.1%
Shares of Bank of Montreal ($BMO) traded around $166.60 on Saturday, down 3.1% for the day.
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About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian Personal and Commercial Banking; U.S. Banking; Wealth Management; and Capital Markets segments. The company offers checking accounts, savings, money markets and certificates of deposits, debit cards, overdrafts, digital banking, credit cards, loans, mortgages, investment and retirement options, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products. It also offers investing, banking, and wealth management advisory; digital investing services; financial solutions for individuals, families, and businesses; offers investment management services to institutional, retail, and high net worth investors; and diversified insurance, and wealth and pension de-risking solutions. In addition, the company provides individual life, critical illness and annuity products, as well as segregated funds, and group creditor and travel insurance to customers; debt and equity capital-raising, loan origination and syndication, balance sheet management, treasury management, mergers and acquisitions advice, restructurings and recapitalizations, trade finance, and risk mitigation services, as well as a range of banking and other operating services. Further, the company offers research and access to financial markets for institutional, corporate and retail clients through an integrated suite of sales and trading solutions related to debt, foreign exchange, interest rates, credit, equities, securitization, and commodities; provides new product development and origination services, as well as risk management and advisory services for hedging strategies, including in interest rates, foreign exchange rates and commodities prices; and funding and liquidity management services. Bank of Montreal was founded in 1817 and is headquartered in Montreal, Canada.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.