Aviva Plc Decreased Its Bank Montreal Que (BMO) Position, Western Asset (WIA)’s Sentiment Is 1.05

July 17, 2017 - By Maria Brooks

Aviva Plc decreased Bank Montreal Que (BMO) stake by 2.21% reported in 2016Q4 SEC filing. Aviva Plc sold 9,526 shares as Bank Montreal Que (BMO)’s stock declined 10.55%. The Aviva Plc holds 421,285 shares with $30.20 million value, down from 430,811 last quarter. Bank Montreal Que now has $50.09 billion valuation. The stock declined 0.51% or $0.39 reaching $76.22 per share. About 157,272 shares traded. Bank of Montreal (USA) (NYSE:BMO) has risen 10.44% since July 17, 2016 and is uptrending. It has underperformed by 6.26% the S&P500.

Western Asset/Claymore Inflation-Linked Securities & Income Fund is a diversified, closed-end management investment company. The company has market cap of $328.68 million. The Fund’s primary investment objective is to provide current income for its shareholders. It currently has negative earnings. Capital appreciation, when consistent with current income, is its secondary investment objective.

Aviva Plc increased Westrock Co stake by 9,206 shares to 166,485 valued at $8.46M in 2016Q4. It also upped St Jude Med Inc (NYSE:STJ) stake by 10,167 shares and now owns 185,309 shares. Stanley Black & Decker Inc (NYSE:SWK) was raised too.

Analysts await Bank of Montreal (USA) (NYSE:BMO) to report earnings on August, 29 before the open. They expect $1.47 earnings per share, down 1.34% or $0.02 from last year’s $1.49 per share. BMO’s profit will be $966.05 million for 12.96 P/E if the $1.47 EPS becomes a reality. After $1.45 actual earnings per share reported by Bank of Montreal (USA) for the previous quarter, Wall Street now forecasts 1.38% EPS growth.

Among 12 analysts covering Bank Of Montreal (NYSE:BMO), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Bank Of Montreal had 27 analyst reports since August 4, 2015 according to SRatingsIntel. RBC Capital Markets maintained Bank of Montreal (USA) (NYSE:BMO) rating on Wednesday, August 26. RBC Capital Markets has “Sector Perform” rating and $83 target. The stock of Bank of Montreal (USA) (NYSE:BMO) earned “Neutral” rating by Credit Suisse on Wednesday, November 23. The rating was maintained by Barclays Capital on Wednesday, December 2 with “Underweight”. The stock of Bank of Montreal (USA) (NYSE:BMO) earned “Buy” rating by Canaccord Genuity on Wednesday, December 7. National Bank Canada maintained Bank of Montreal (USA) (NYSE:BMO) rating on Wednesday, August 26. National Bank Canada has “Sector Perform” rating and $76 target. The rating was maintained by Scotia Capital with “Sector Perform” on Wednesday, August 26. On Thursday, May 26 the stock rating was downgraded by Scotia Capital to “Sector Perform”. On Tuesday, March 8 the stock rating was downgraded by Credit Suisse to “Neutral”. The rating was downgraded by Canaccord Genuity to “Hold” on Thursday, May 26. The firm has “Underperform” rating by Credit Suisse given on Tuesday, October 4.

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