Aviso Financial Inc. Has $15.37 Million Stake in Bank of Nova Scotia (The) $BNS

Aviso Financial Inc. cut its holdings in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,979 shares of the bank’s stock after selling 25,669 shares during the period. Aviso Financial Inc.’s holdings in Bank of Nova Scotia were worth $15,368,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Bank of Nova Scotia by 3.4% in the second quarter. Vanguard Group Inc. now owns 55,005,337 shares of the bank’s stock worth $3,041,575,000 after purchasing an additional 1,821,166 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Bank of Nova Scotia by 2.1% during the 1st quarter. 1832 Asset Management L.P. now owns 17,717,286 shares of the bank’s stock worth $840,331,000 after buying an additional 362,572 shares during the period. Mackenzie Financial Corp increased its stake in shares of Bank of Nova Scotia by 2.5% in the 1st quarter. Mackenzie Financial Corp now owns 15,158,112 shares of the bank’s stock valued at $718,670,000 after acquiring an additional 374,487 shares in the last quarter. Scotia Capital Inc. lifted its position in shares of Bank of Nova Scotia by 0.8% during the 1st quarter. Scotia Capital Inc. now owns 14,141,532 shares of the bank’s stock valued at $670,495,000 after acquiring an additional 117,272 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Bank of Nova Scotia by 83.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,148,255 shares of the bank’s stock valued at $726,704,000 after acquiring an additional 5,979,338 shares during the period. 49.13% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia Price Performance

Shares of NYSE:BNS opened at $66.59 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. The stock has a market cap of $82.33 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The stock’s fifty day simple moving average is $65.24 and its two-hundred day simple moving average is $59.21. Bank of Nova Scotia has a 1-year low of $44.09 and a 1-year high of $68.10.

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

Wall Street Analyst Weigh In

BNS has been the subject of several research analyst reports. Royal Bank Of Canada lifted their price target on shares of Bank of Nova Scotia from $80.00 to $86.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 27th. Wall Street Zen raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank of Nova Scotia in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and an average target price of $86.00.

About Bank of Nova Scotia

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.