Deutsche Bank AG Takes Position in Bank of Nova Scotia (The) $BNS

Deutsche Bank AG acquired a new stake in shares of Bank of Nova Scotia (The) (NYSE:BNSFree Report) (TSE:BNS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,671,719 shares of the bank’s stock, valued at approximately $232,012,000.

Several other institutional investors have also bought and sold shares of the stock. Maseco LLP bought a new position in Bank of Nova Scotia in the 1st quarter valued at about $30,000. Swiss RE Ltd. acquired a new position in Bank of Nova Scotia during the 4th quarter valued at about $30,000. Brown Brothers Harriman & Co. acquired a new position in Bank of Nova Scotia during the 4th quarter valued at about $34,000. Quarry LP bought a new stake in shares of Bank of Nova Scotia during the 3rd quarter worth about $35,000. Finally, CoreCap Advisors LLC raised its position in shares of Bank of Nova Scotia by 1,366.7% during the 2nd quarter. CoreCap Advisors LLC now owns 440 shares of the bank’s stock worth $38,000 after buying an additional 410 shares in the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Trading Down 1.2%

Shares of Bank of Nova Scotia stock opened at $90.22 on Wednesday. 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 $109.96 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 1.14 and a beta of 1.11. The business has a fifty day simple moving average of $87.31 and a 200-day simple moving average of $79.36. Bank of Nova Scotia has a fifty-two week low of $56.54 and a fifty-two week high of $92.04.

Bank of Nova Scotia (NYSE:BNSGet Free Report) (TSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.13 billion. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.Bank of Nova Scotia’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. On average, equities analysts forecast that Bank of Nova Scotia will post 5.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Bank of Nova Scotia from a “buy (b)” rating to a “buy (a-)” rating in a report on Monday, August 3rd. Royal Bank Of Canada raised their price objective 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. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $117.00.

Read Our Latest Stock Report on BNS

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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