11,709,540 Shares in Bank of Nova Scotia (The) $BNS Purchased by Canada Pension Plan Investment Board

Posted by Brenda Bartman on Aug 26th, 2026

Canada Pension Plan Investment Board acquired a new stake in Bank of Nova Scotia (The) (NYSE:BNS – Free Report) (TSE:BNS) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 11,709,540 shares of the bank’s stock, valued at approximately $1,016,738,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Kepler Cheuvreux Suisse SA grew its position in shares of Bank of Nova Scotia by 85.7% in the fourth quarter. Kepler Cheuvreux Suisse SA now owns 246,523 shares of the bank’s stock valued at $18,166,000 after purchasing an additional 113,765 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Bank of Nova Scotia by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 57,237,537 shares of the bank’s stock worth $4,221,440,000 after purchasing an additional 1,169,073 shares in the last quarter. Triasima Portfolio Management inc. raised its position in shares of Bank of Nova Scotia by 22.6% during the 4th quarter. Triasima Portfolio Management inc. now owns 129,807 shares of the bank’s stock worth $9,586,000 after purchasing an additional 23,925 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in Bank of Nova Scotia by 9.3% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 178,226 shares of the bank’s stock valued at $15,460,000 after buying an additional 15,100 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new stake in Bank of Nova Scotia in the 4th quarter valued at approximately $66,527,000. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia News Summary

Here are the key news stories impacting Bank of Nova Scotia this week:

Positive Sentiment: Quarterly earnings exceeded expectations. BNS reported quarterly EPS of $1.64, ahead of the $1.53 consensus estimate, while revenue increased 11.1% year over year. On an adjusted basis, EPS was reported at $2.28 versus expectations of approximately $2.10. BNS earnings report
Positive Sentiment: Strength was broad-based across the business. Record results in global wealth management and global banking and markets, helped by elevated market volatility and stronger capital-markets activity, drove profit above analyst estimates. Reported quarterly profit rose to C$2.95 billion from C$2.53 billion a year earlier. Scotiabank earnings lifted by wealth management
Positive Sentiment: Analyst sentiment improved. TD Securities upgraded Bank of Nova Scotia from “hold” to “buy,” adding support to the bullish reaction following the earnings release.
Positive Sentiment: Trade-war concerns have not yet materially damaged results. Reports indicated that new U.S. tariffs affecting some bank customers have not significantly harmed BNS or other Canadian lenders. Management may also find opportunities as businesses adjust to changing trade conditions. Canadian banks beat earnings targets as trade war escalates
Positive Sentiment: Dividend income remains attractive. BNS declared a quarterly dividend of $1.14 per share, representing an annualized yield of approximately 4.9% based on the reported share price. The dividend is payable October 28 to shareholders of record October 6.
Neutral Sentiment: BNS also launched a no-fee Visa business credit card offering 1% cash back, a potentially useful customer-acquisition initiative but unlikely to be a major near-term stock catalyst. Scotiabank launches no-fee Visa card

Bank of Nova Scotia Stock Up 7.3%

Shares of NYSE BNS opened at $93.16 on Wednesday. Bank of Nova Scotia has a 1 year low of $58.77 and a 1 year high of $93.44. The firm’s 50 day moving average price is $87.77 and its 200 day moving average price is $79.82. The firm has a market cap of $113.55 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 1.07 and a beta of 1.11. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04.

Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the previous year, the firm posted $1.52 EPS. Bank of Nova Scotia’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Bank of Nova Scotia will post 6.03 earnings per share for the current year.

Bank of Nova Scotia Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 6th will be given a $1.14 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.9%. Bank of Nova Scotia’s payout ratio is currently 61.26%.

Analyst Ratings Changes

Several equities analysts have weighed in on BNS shares. Royal Bank Of Canada raised their price target on Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 28th. Keefe, Bruyette & Woods initiated coverage on Bank of Nova Scotia in a research report on Friday, August 21st. They issued an “outperform” rating on the stock. TD Securities upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings downgraded shares of Bank of Nova Scotia from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $117.00.

Read 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.