Bank of Nova Scotia Trust Co. Sells 12,655 Shares of Bank of Nova Scotia (The) $BNS

Bank of Nova Scotia Trust Co. lessened its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,799 shares of the bank’s stock after selling 12,655 shares during the period. Bank of Nova Scotia Trust Co.’s holdings in Bank of Nova Scotia were worth $11,153,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BNS. HB Wealth Management LLC increased its stake in shares of Bank of Nova Scotia by 8.0% in the 1st quarter. HB Wealth Management LLC now owns 4,406 shares of the bank’s stock valued at $209,000 after buying an additional 327 shares during the period. LPL Financial LLC boosted its holdings in Bank of Nova Scotia by 1.9% in the first quarter. LPL Financial LLC now owns 56,446 shares of the bank’s stock valued at $2,677,000 after acquiring an additional 1,060 shares during the last quarter. XTX Topco Ltd acquired a new stake in Bank of Nova Scotia in the first quarter worth about $259,000. Bank of Nova Scotia raised its holdings in Bank of Nova Scotia by 11.2% during the 1st quarter. Bank of Nova Scotia now owns 71,286 shares of the bank’s stock worth $3,380,000 after purchasing an additional 7,208 shares during the last quarter. Finally, J. Safra Sarasin Holding AG acquired a new position in Bank of Nova Scotia during the 1st quarter valued at about $446,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Up 1.6%

NYSE:BNS opened at $68.95 on Friday. Bank of Nova Scotia has a 1 year low of $44.09 and a 1 year high of $68.97. The stock has a 50-day moving average price of $65.48 and a two-hundred day moving average price of $59.47. The stock has a market cap of $85.24 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.49 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 earnings per share for the quarter, beating 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 business had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Bank of Nova Scotia’s revenue for the quarter was up 13.4% on a year-over-year basis. As a group, equities analysts expect that Bank of Nova Scotia will post 4.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. 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. Raymond James Financial started coverage on shares of Bank of Nova Scotia in a report on Tuesday. They set an “outperform” rating for the company. Royal Bank Of Canada increased their price target on 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. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bank of Nova Scotia in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $86.00.

Bank of Nova Scotia 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.