Hsbc Holdings PLC Buys Shares of 9,500 Bank of Nova Scotia (The) $BNS

Posted by on Sep 2nd, 2026

Hsbc Holdings PLC bought a new position in Bank of Nova Scotia (The) (NYSE:BNS – Free Report) (TSE:BNS) in the second quarter, HoldingsChannel reports. The institutional investor bought 9,500 shares of the bank’s stock, valued at approximately $824,000.

Several other hedge funds have also recently modified their holdings of the business. TD Asset Management Inc lifted its holdings in shares of Bank of Nova Scotia by 1.7% during the fourth quarter. TD Asset Management Inc now owns 18,674,585 shares of the bank’s stock valued at $1,379,120,000 after purchasing an additional 310,564 shares in the last quarter. Norges Bank bought a new stake in Bank of Nova Scotia in the 4th quarter worth about $1,368,456,000. FIL Ltd increased its holdings in Bank of Nova Scotia by 49.5% in the 4th quarter. FIL Ltd now owns 16,489,540 shares of the bank’s stock worth $1,216,157,000 after buying an additional 5,461,052 shares in the last quarter. Geode Capital Management LLC raised its position in Bank of Nova Scotia by 7.0% in the 4th quarter. Geode Capital Management LLC now owns 12,259,989 shares of the bank’s stock worth $923,232,000 after buying an additional 799,474 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Bank of Nova Scotia in the 2nd quarter worth about $1,016,738,000. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Down 0.5%

Bank of Nova Scotia stock opened at $91.23 on Wednesday. Bank of Nova Scotia has a one year low of $61.69 and a one year high of $94.96. The stock has a fifty day moving average of $88.33 and a 200 day moving average of $80.36. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market cap of $111.19 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12.

Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) last announced its earnings results on Tuesday, August 25th. The bank reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.11. The business had revenue of $7.52 billion for the quarter, compared to analysts’ expectations of $7.11 billion. Bank of Nova Scotia had a return on equity of 16.12% and a net margin of 13.91%.The business’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the firm posted $1.84 earnings per share. As a group, sell-side analysts predict that Bank of Nova Scotia will post 6.19 EPS for the current year.

Bank of Nova Scotia Announces Dividend

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 paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Tuesday, October 6th. Bank of Nova Scotia’s dividend payout ratio is 58.05%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on BNS shares. National Bank Financial upgraded shares of Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, August 26th. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, August 25th. Keefe, Bruyette & Woods began coverage on shares of Bank of Nova Scotia in a report on Friday, August 21st. They set an “outperform” rating for the company. Weiss Ratings downgraded shares of Bank of Nova Scotia from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, August 18th. Finally, Royal Bank Of Canada raised their target price on shares of Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Moderate Buy” and a consensus price target 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.

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

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