Oslo Pensjonsforsikring AS Makes New $422,000 Investment in Bank of Nova Scotia (The) $BNS

Oslo Pensjonsforsikring AS bought a new stake in Bank of Nova Scotia (The) (NYSE:BNSFree Report) (TSE:BNS) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,100 shares of the bank’s stock, valued at approximately $422,000.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in Bank of Nova Scotia by 111.2% in the 1st quarter. AQR Capital Management LLC now owns 19,096 shares of the bank’s stock worth $911,000 after acquiring an additional 10,056 shares during the period. Sivia Capital Partners LLC purchased a new stake in shares of Bank of Nova Scotia during the second quarter valued at approximately $330,000. EverSource Wealth Advisors LLC raised its stake in shares of Bank of Nova Scotia by 42.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,165 shares of the bank’s stock valued at $120,000 after purchasing an additional 649 shares during the period. Sei Investments Co. lifted its position in shares of Bank of Nova Scotia by 2.1% during the second quarter. Sei Investments Co. now owns 21,212 shares of the bank’s stock worth $1,172,000 after purchasing an additional 434 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Bank of Nova Scotia by 61.1% during the second quarter. Quantinno Capital Management LP now owns 66,962 shares of the bank’s stock worth $3,701,000 after purchasing an additional 25,400 shares in the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Price Performance

Shares of NYSE BNS opened at $87.54 on Thursday. Bank of Nova Scotia has a fifty-two week low of $55.21 and a fifty-two week high of $90.47. The business has a 50 day moving average price of $83.88 and a two-hundred day moving average price of $77.36. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The firm has a market cap of $107.23 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11.

Bank of Nova Scotia (NYSE:BNSGet Free Report) (TSE:BNS) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the previous year, the business earned $1.52 EPS. Bank of Nova Scotia’s revenue for the quarter was up 8.3% compared to the same quarter last year. Sell-side analysts expect that Bank of Nova Scotia will post 6.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BNS has been the subject of several analyst reports. Royal Bank Of Canada upped their target price on shares of Bank of Nova Scotia from $98.00 to $117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of Nova Scotia in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.00.

View Our Latest Stock Analysis on Bank of Nova Scotia

About Bank of Nova Scotia

(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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