Cardinal Capital Management Inc. Trims Stake in Bank Of Montreal $BMO
Cardinal Capital Management Inc. has reduced its position in Bank of Montreal (NYSE:BMO) by 10.8% in the fourth quarter, selling 119,500 shares and retaining 988,492 shares valued at approximately $128.3 million. Despite this reduction, BMO remains its 21st largest holding. The bank recently beat Q4 earnings expectations with an EPS of $2.51 and revenue of $7.21 billion, and it carries a "Moderate Buy" consensus rating with a $163 target price.