Oddo BHF Asset Management Sas Trims Stock Holdings in Bank of Nova Scotia (The) $BNS

Oddo BHF Asset Management Sas trimmed its holdings in Bank of Nova Scotia (The) (NYSE:BNSFree Report) (TSE:BNS) by 21.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,400 shares of the bank’s stock after selling 27,500 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Bank of Nova Scotia were worth $7,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BNS. AQR Capital Management LLC grew its stake in Bank of Nova Scotia by 111.2% in the first quarter. AQR Capital Management LLC now owns 19,096 shares of the bank’s stock worth $911,000 after purchasing an additional 10,056 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Bank of Nova Scotia in the second quarter worth approximately $330,000. EverSource Wealth Advisors LLC grew its stake in Bank of Nova Scotia by 42.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,165 shares of the bank’s stock worth $120,000 after purchasing an additional 649 shares in the last quarter. Sei Investments Co. grew its stake in Bank of Nova Scotia by 2.1% in 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 grew its stake in Bank of Nova Scotia by 61.1% in 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. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia Stock Up 0.8%

Shares of NYSE BNS opened at $84.63 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $103.67 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12. The stock’s fifty day simple moving average is $77.46 and its two-hundred day simple moving average is $74.53. Bank of Nova Scotia has a 12-month low of $53.74 and a 12-month high of $85.07.

Bank of Nova Scotia (NYSE:BNSGet Free Report) (TSE:BNS) last announced its earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.05. The business had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.13 billion. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.52 EPS. As a group, analysts expect that Bank of Nova Scotia will post 6.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. TD Securities reissued a “hold” rating on shares of Bank of Nova Scotia in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Nova Scotia in a research note on Friday, May 22nd. Canaccord Genuity Group cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Finally, Royal Bank Of Canada increased their price objective on Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Hold” and an average target price of $117.00.

Read Our Latest Research Report 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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