PDS Planning Inc Buys 200 Shares of Bank of Nova Scotia (The) $BNS

PDS Planning Inc lifted its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 2.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 7,097 shares of the bank’s stock after purchasing an additional 200 shares during the period. PDS Planning Inc’s holdings in Bank of Nova Scotia were worth $392,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in Bank of Nova Scotia by 255.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 10,174,780 shares of the bank’s stock worth $482,590,000 after acquiring an additional 7,315,915 shares during the period. Canada Pension Plan Investment Board boosted its holdings in Bank of Nova Scotia by 141.1% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,364,411 shares of the bank’s stock valued at $396,650,000 after purchasing an additional 4,894,754 shares during the period. Murchinson Ltd. bought a new position in shares of Bank of Nova Scotia in the first quarter worth $203,953,000. Nicola Wealth Management LTD. bought a new position in shares of Bank of Nova Scotia in the first quarter worth $109,092,000. Finally, Vanguard Group Inc. raised its position in shares of Bank of Nova Scotia by 3.5% in the first quarter. Vanguard Group Inc. now owns 53,184,171 shares of the bank’s stock worth $2,521,621,000 after buying an additional 1,821,025 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bank of Nova Scotia in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $86.00.

Bank of Nova Scotia Price Performance

Shares of NYSE:BNS opened at $63.42 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.66. The stock has a market cap of $78.68 billion, a PE ratio of 17.05, a PEG ratio of 1.45 and a beta of 1.16. The company’s fifty day moving average is $61.48 and its 200 day moving average is $55.25. Bank of Nova Scotia has a 52 week low of $44.09 and a 52 week high of $65.52.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 EPS for the quarter, topping the consensus estimate of $1.28 by $0.09. Bank of Nova Scotia had a return on equity of 11.61% and a net margin of 9.74%.The firm had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the previous year, the business earned $1.63 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Research analysts anticipate that Bank of Nova Scotia will post 4.91 earnings per share for the current year.

About Bank of Nova Scotia

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.