OMERS ADMINISTRATION Corp cut its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS – Free Report) (TSE:BNS) by 17.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,897,415 shares of the bank’s stock after selling 406,035 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Bank of Nova Scotia were worth $131,162,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BNS. Mn Services Vermogensbeheer B.V. lifted its stake in shares of Bank of Nova Scotia by 17.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 285,843 shares of the bank’s stock valued at $21,109,000 after buying an additional 41,443 shares in the last quarter. Kepler Cheuvreux Suisse SA raised its holdings in Bank of Nova Scotia by 85.7% during the 4th quarter. Kepler Cheuvreux Suisse SA now owns 246,523 shares of the bank’s stock valued at $18,166,000 after acquiring an additional 113,765 shares during the period. Vanguard Group Inc. lifted its position in shares of Bank of Nova Scotia by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 57,237,537 shares of the bank’s stock worth $4,221,440,000 after acquiring an additional 1,169,073 shares in the last quarter. Triasima Portfolio Management inc. boosted its holdings in shares of Bank of Nova Scotia by 22.6% in the fourth quarter. Triasima Portfolio Management inc. now owns 129,807 shares of the bank’s stock worth $9,586,000 after acquiring an additional 23,925 shares during the period. Finally, Artemis Investment Management LLP grew its position in shares of Bank of Nova Scotia by 38.7% in the fourth quarter. Artemis Investment Management LLP now owns 556,645 shares of the bank’s stock valued at $41,055,000 after purchasing an additional 155,410 shares in the last quarter. Institutional investors own 49.13% of the company’s stock.
Analyst Ratings Changes
A number of brokerages recently issued reports on BNS. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Nova Scotia in a report on Friday, May 22nd. Royal Bank Of Canada lifted 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $117.00.
Bank of Nova Scotia Stock Up 0.5%
BNS opened at $87.03 on Friday. The company has a fifty day moving average price of $84.26 and a 200-day moving average price of $77.51. The firm has a market capitalization of $106.61 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04. Bank of Nova Scotia has a one year low of $55.21 and a one year high of $90.47.
Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) last released its quarterly earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.05. Bank of Nova Scotia had a net margin of 13.38% and a return on equity of 13.16%. The firm had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The business’s quarterly revenue was up 8.3% on a year-over-year basis. Equities research analysts expect that Bank of Nova Scotia will post 6.01 earnings per share for the current fiscal year.
Bank of Nova Scotia Company Profile
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.
Recommended Stories
- Five stocks we like better than Bank of Nova Scotia
- Telecom Earnings Reveal a Sector That Finally Looks Healthier
- Defense Earnings Show Readiness Now and Modernization Ahead
- Why Palantir Investors Aren’t Panicking While the Rest of AI Sells Off
- MarketBeat Week in Review – 07/20- 07/24
Want to see what other hedge funds are holding BNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Nova Scotia (The) (NYSE:BNS – Free Report) (TSE:BNS).
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.
