K.J. Harrison & Partners Inc Cuts Holdings in Bank of Nova Scotia (The) $BNS

Posted by on Jul 5th, 2026

K.J. Harrison & Partners Inc lowered its stake in Bank of Nova Scotia (The) (NYSE:BNS – Free Report) (TSE:BNS) by 46.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,951 shares of the bank’s stock after selling 57,320 shares during the period. K.J. Harrison & Partners Inc’s holdings in Bank of Nova Scotia were worth $4,564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Prospera Financial Services Inc increased its stake in shares of Bank of Nova Scotia by 3.9% during the fourth quarter. Prospera Financial Services Inc now owns 4,625 shares of the bank’s stock worth $341,000 after buying an additional 173 shares during the period. Larson Financial Group LLC lifted its stake in Bank of Nova Scotia by 22.3% in the fourth quarter. Larson Financial Group LLC now owns 1,280 shares of the bank’s stock worth $94,000 after acquiring an additional 233 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Bank of Nova Scotia by 8.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the bank’s stock worth $235,000 after acquiring an additional 239 shares in the last quarter. Parallel Advisors LLC grew its holdings in Bank of Nova Scotia by 8.5% during the 3rd quarter. Parallel Advisors LLC now owns 3,326 shares of the bank’s stock worth $215,000 after acquiring an additional 261 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Bank of Nova Scotia by 79.2% in the 4th quarter. Fifth Third Bancorp now owns 688 shares of the bank’s stock valued at $51,000 after purchasing an additional 304 shares during the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia Stock Down 0.0%

BNS stock opened at $85.36 on Friday. The stock has a market cap of $104.57 billion, a P/E ratio of 16.29, a PEG ratio of 1.06 and a beta of 1.11. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. Bank of Nova Scotia has a twelve month low of $54.31 and a twelve month high of $87.97. The company’s 50 day moving average is $81.05 and its two-hundred day moving average is $76.02.

Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) last issued its earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7.13 billion. Bank of Nova Scotia had a net margin of 13.38% and a return on equity of 13.16%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.52 EPS. Research analysts expect that Bank of Nova Scotia will post 6.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BNS has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Bank of Nova Scotia in a report on Friday, May 22nd. Canaccord Genuity Group downgraded shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada increased their target price on Bank of Nova Scotia from $98.00 to $117.00 and gave the company a “sector perform” rating in a report on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $117.00.

Read Our Latest Research Report on Bank of Nova Scotia

Bank of Nova Scotia Company Profile

(Free Report)

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.

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Institutional Ownership by Quarter for Bank of Nova Scotia (NYSE:BNS)

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