132,758 Shares in Bank of Nova Scotia (The) $BNS Acquired by Kepler Cheuvreux Suisse SA

Kepler Cheuvreux Suisse SA bought a new position in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 132,758 shares of the bank’s stock, valued at approximately $8,583,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD acquired a new position in shares of Bank of Nova Scotia in the 3rd quarter valued at $30,000. Smartleaf Asset Management LLC raised its holdings in Bank of Nova Scotia by 3,304.3% in the 3rd quarter. Smartleaf Asset Management LLC now owns 783 shares of the bank’s stock valued at $51,000 after buying an additional 760 shares during the period. VSM Wealth Advisory LLC acquired a new position in Bank of Nova Scotia in the second quarter valued at about $55,000. Toth Financial Advisory Corp purchased a new position in Bank of Nova Scotia during the third quarter worth about $67,000. Finally, MAI Capital Management increased its position in shares of Bank of Nova Scotia by 27.4% during the second quarter. MAI Capital Management now owns 1,543 shares of the bank’s stock valued at $85,000 after acquiring an additional 332 shares during the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on BNS. TD Securities reissued a “hold” rating on shares of Bank of Nova Scotia in a research note on Tuesday, March 3rd. Canaccord Genuity Group lowered Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings upgraded Bank of Nova Scotia from a “hold (c+)” rating to a “buy (b)” rating in a research note on Wednesday, February 25th. Royal Bank Of Canada raised their price target on Bank of Nova Scotia from $97.00 to $106.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 25th. Finally, Raymond James Financial assumed coverage on Bank of Nova Scotia in a report on Tuesday, November 25th. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus price target of $106.00.

Bank of Nova Scotia Trading Up 0.9%

Shares of BNS stock opened at $71.54 on Wednesday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. The stock has a market capitalization of $88.19 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.86 and a beta of 1.10. The company has a 50 day moving average price of $74.63 and a 200 day moving average price of $69.47. Bank of Nova Scotia has a fifty-two week low of $44.09 and a fifty-two week high of $78.28.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, February 24th. The bank reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.06. Bank of Nova Scotia had a net margin of 12.40% and a return on equity of 12.49%. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same period in the prior year, the business earned $1.76 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts predict that Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.

Bank of Nova Scotia Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.