Bank of Montreal Can Decrease Robinhood Shares Amid Market Shift

Bank of Montreal Can Adjust Portfolio, Sells Robinhood Shares in Q3

According to the company’s most recent 13F filing with the SEC, Bank of Montreal Can decrease its holdings in shares of Robinhood Markets, Inc. by 11.2% during the third quarter. After selling 64,700 shares of the company’s stock over that time, the institutional investor now held 511,029 shares. At the end of the most recent reporting period, Bank of Montreal Can hold approximately $12,208,000, or 0.06% of Robinhood Markets.

Robinhood Earnings Fall Short of Estimates with $0.17 EPS in Latest Quarter

The most recent quarterly earnings information from Robinhood Markets was released on Wednesday, October 30. The firm missed analysts’ consensus projections of $0.18 by $0.01 when it reported $0.17 EPS for the quarter. MarketBeat’s data indicates that Robinhood Markets had a net margin of 21.80% and a return on equity of 7.52%. In contrast to expert projections of $660.53 million, the company’s revenue for the quarter was $637.00 million. The company made $0.09 per share at the same time last year. In comparison to the previous year, the company’s revenue for the quarter increased by 36.4%. For the current fiscal year, Robinhood Markets, Inc. is expected to report 0.74 earnings per share, according to sell-side analysts.

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