Intech Investment Management 13F: Cuts BMO Stake by $8.1M

Intech Investment Management recently cut its stake in Bank of Montreal (NYSE: BMO) by 46,067 shares, reflecting a decrease of about 19.7%. As of the latest Form 13F filing with the SEC, Intech holds 187,747 shares valued at approximately $31.6 million. This adjustment was reported for the period ending March 31, 2026.

What Changed in Intech Investment Management's Bank of Montreal Position

Intech Investment Management reduced its holdings in Bank of Montreal from 233,814 to 187,747 shares, a decrease of 46,067 shares or 19.7%. The current value of this stake is around $31.6 million, indicating a significant reduction in their investment in the Canadian bank.

Other Institutional Activity in Bank of Montreal

Several other institutional investors also adjusted their positions in Bank of Montreal. Royal Bank of Canada increased its holdings by 2,510,071 shares, bringing its total to 52,598,042 shares worth about $7.12 billion. Conversely, Bank of Montreal /CAN/ trimmed its stake by 168,190 shares, ending with 27,997,338 shares valued at approximately $3.79 billion. Vanguard Capital Management LLC established a new position with 20,280,840 shares valued at $2.75 billion. TD Asset Management Inc. reduced its holdings by 286,000 shares, leaving it with 19,086,601 shares worth $2.58 billion. Meanwhile, CIBC World Market Inc. added 634,025 shares, reaching a total of 13,185,798 shares valued at $1.79 billion.

Bank of Montreal Stock Up 1.3%

Shares of Bank of Montreal (NYSE: BMO) are currently trading around $168.3. The bank has a market capitalization of $117.9 billion and a P/E ratio of 18.02. Its shares have ranged between $104.09 and $169.35 over the past 52 weeks. The stock's 50-day moving average is $154.16, and the 200-day moving average is $137.35. Bank of Montreal has a beta of 1.163, indicating moderate market volatility.

Recent Earnings

Bank of Montreal reported revenue of $34.68 billion, with a growth rate of 15.8%. The company achieved a net margin of 28.06% and a return on equity of 11.37%. The next earnings release is scheduled for August 25, 2026.

Dividend

Bank of Montreal pays an annual dividend of $4.95 per share, yielding 2.94%. The dividend payout ratio is 50.69%, indicating a balanced approach to returning capital to shareholders.

Analysts Set New Price Targets

On May 28, 2026, RBC Capital maintained a 'hold' rating on Bank of Montreal with a price target of $230. The general consensus among analysts is a 'hold' rating, with a mean target price of $153.07 based on three analyst opinions.

About Bank of Montreal

Bank of Montreal is a leading financial services provider based in Montreal, Canada. Founded in 1817, the bank offers a wide range of financial products and services across North America. Its operations include Canadian Personal and Commercial Banking, U.S. Banking, Wealth Management, and Capital Markets. The bank serves individuals, businesses, and institutions with various banking, investment, and insurance solutions. Bank of Montreal is led by CEO William Darryl White and employs over 53,000 people.

Bottom Line

Intech Investment Management's decision to reduce its stake in Bank of Montreal by nearly 20% is a noteworthy move for investors tracking institutional activity. While this 13F filing provides a snapshot as of March 2026, it may not reflect current positions. Bank of Montreal remains a significant player in the financial sector, with a stable dividend and consistent earnings growth.