Bank of Nova Scotia (The) $BNS Shares Sold by Generali Asset Management SPA SGR

Posted by Brian Himes on Oct 28th, 2026

Generali Asset Management SPA SGR reduced its position in shares of Bank of Nova Scotia (The) (NYSE:BNS – Free Report) (TSE:BNS) by 33.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 126,711 shares of the bank’s stock after selling 64,793 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Bank of Nova Scotia were worth $11,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Canada Pension Plan Investment Board acquired a new position in Bank of Nova Scotia in the 2nd quarter valued at about $1,016,738,000. Legal & General Group Plc purchased a new stake in shares of Bank of Nova Scotia in the 2nd quarter valued at approximately $709,837,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Bank of Nova Scotia in the 2nd quarter valued at approximately $567,278,000. Dimensional Fund Advisors LP grew its stake in shares of Bank of Nova Scotia by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,008,689 shares of the bank’s stock valued at $416,415,000 after buying an additional 154,541 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth approximately $416,397,000. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Bank of Nova Scotia Stock Performance

NYSE:BNS opened at $93.80 on Wednesday. The company has a fifty day simple moving average of $91.73 and a two-hundred day simple moving average of $82.00. Bank of Nova Scotia has a 52 week low of $64.80 and a 52 week high of $95.74.

Bank of Nova Scotia (NYSE:BNS – Get Free Report) (TSE:BNS) last announced its quarterly earnings data on Tuesday, August 25th. The bank reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.53 by $0.11. The company had revenue of $7.52 billion during the quarter, compared to analysts’ expectations of $7.11 billion. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.84 EPS. Equities analysts expect that Bank of Nova Scotia will post 6.19 EPS for the current year.

Bank of Nova Scotia announced that its Board of Directors has approved a share buyback plan on Friday, October 2nd that permits the company to buy back 40,000,000 shares. This repurchase authorization permits the bank to reacquire up to 3.3% of its stock through open market purchases. Share repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Bank of Nova Scotia Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 28th. Investors of record on Tuesday, October 6th will be paid a dividend of C$1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, October 6th.

Analyst Ratings Changes

Several research analysts recently weighed in on BNS shares. National Bank Financial upgraded Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 26th. TD raised Bank of Nova Scotia to a “buy” rating in a research note on Wednesday, August 26th. Weiss Ratings upgraded Bank of Nova Scotia from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 8th. TD Securities upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, August 25th. Finally, Keefe, Bruyette & Woods started coverage on Bank of Nova Scotia in a report on Friday, August 21st. They set an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $105.50.

Check Out Our Latest Stock Report on BNS

Bank of Nova Scotia Profile

(Free Report)

Bank of Nova Scotia, operating under the Scotiabank name, is a Canadian financial services company that provides banking and related services to individuals, businesses, institutions and governments. Its principal businesses include Canadian Banking, International Banking, Global Wealth Management and Global Banking and Markets.

The company offers personal and commercial deposit accounts, mortgages, consumer and business loans, credit cards, payments and other financial products. Through its wealth management operations, Scotiabank provides investment, advisory, brokerage and private banking services.