Bank of Nova Scotia (The) $BNS Position Cut by Candriam S.C.A.

Candriam S.C.A. lowered its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 12.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,262 shares of the bank’s stock after selling 3,023 shares during the period. Candriam S.C.A.’s holdings in Bank of Nova Scotia were worth $1,229,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC raised its stake in shares of Bank of Nova Scotia by 159.3% during the first quarter. Cerity Partners LLC now owns 39,955 shares of the bank’s stock valued at $1,895,000 after purchasing an additional 24,547 shares in the last quarter. Davis Rea LTD. acquired a new position in Bank of Nova Scotia during the 1st quarter valued at about $4,528,000. Avantax Advisory Services Inc. increased its stake in Bank of Nova Scotia by 0.5% during the 1st quarter. Avantax Advisory Services Inc. now owns 58,073 shares of the bank’s stock valued at $2,754,000 after buying an additional 298 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Bank of Nova Scotia by 4.7% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 168,186 shares of the bank’s stock worth $7,977,000 after acquiring an additional 7,500 shares during the period. Finally, Mediolanum International Funds Ltd lifted its stake in shares of Bank of Nova Scotia by 235.5% in the 1st quarter. Mediolanum International Funds Ltd now owns 18,268 shares of the bank’s stock worth $874,000 after acquiring an additional 12,823 shares during the period. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Down 0.1%

Shares of Bank of Nova Scotia stock opened at $67.36 on Tuesday. Bank of Nova Scotia has a 12-month low of $44.09 and a 12-month high of $68.10. The firm has a market capitalization of $83.27 billion, a PE ratio of 18.11, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $64.94 and its 200-day moving average is $58.63.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings data 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. Bank of Nova Scotia had a return on equity of 11.61% and a net margin of 9.74%.The firm had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities analysts anticipate that Bank of Nova Scotia will post 4.91 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on BNS shares. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Wall Street Zen upgraded 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 report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia has an average rating of “Hold” and a consensus target price 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.