Cwm LLC Acquires 285 Shares of Bank of Nova Scotia (The) $BNS

Cwm LLC boosted its position in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 15.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,084 shares of the bank’s stock after acquiring an additional 285 shares during the period. Cwm LLC’s holdings in Bank of Nova Scotia were worth $115,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its position in shares of Bank of Nova Scotia by 13.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 30,429 shares of the bank’s stock worth $1,682,000 after purchasing an additional 3,663 shares during the period. PDS Planning Inc boosted its position in shares of Bank of Nova Scotia by 2.9% in the second quarter. PDS Planning Inc now owns 7,097 shares of the bank’s stock worth $392,000 after purchasing an additional 200 shares during the period. US Bancorp DE boosted its position in shares of Bank of Nova Scotia by 3.1% in the second quarter. US Bancorp DE now owns 88,303 shares of the bank’s stock worth $4,881,000 after purchasing an additional 2,631 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Bank of Nova Scotia by 2.8% in the second quarter. Maryland State Retirement & Pension System now owns 187,707 shares of the bank’s stock worth $10,389,000 after purchasing an additional 5,030 shares during the period. Finally, Abel Hall LLC bought a new position in shares of Bank of Nova Scotia in the second quarter worth approximately $337,000. 49.13% of the stock is currently owned by institutional investors.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at $65.55 on Friday. The company has a market cap of $81.14 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 1.49 and a beta of 1.16. The firm’s fifty day moving average is $63.95 and its 200 day moving average is $57.09. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.66. Bank of Nova Scotia has a 52-week low of $44.09 and a 52-week high of $66.10.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 26th. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.09. The firm had revenue of $6.85 billion during the quarter, compared to analyst estimates of $9.29 billion. Bank of Nova Scotia had a net margin of 9.74% and a return on equity of 11.61%. The business’s revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the business earned $1.63 EPS. Sell-side analysts forecast that Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BNS shares. Royal Bank Of Canada upped their price target on shares of Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bank of Nova Scotia in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $86.00.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.