Westerkirk Capital Inc. Has $261,000 Stock Holdings in Bank of Nova Scotia (The) $BNS

Westerkirk Capital Inc. cut its holdings in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 93.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,536 shares of the bank’s stock after selling 48,800 shares during the quarter. Westerkirk Capital Inc.’s holdings in Bank of Nova Scotia were worth $261,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BNS. Mondrian Investment Partners LTD acquired a new position in shares of Bank of Nova Scotia in the 3rd quarter valued at approximately $30,000. Quarry LP acquired a new position in shares of Bank of Nova Scotia in the 3rd quarter valued at approximately $35,000. Virtus Advisers LLC acquired a new position in shares of Bank of Nova Scotia in the 3rd quarter valued at approximately $39,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Bank of Nova Scotia in the 3rd quarter valued at approximately $45,000. Finally, Allworth Financial LP lifted its stake in Bank of Nova Scotia by 122.0% in the 3rd quarter. Allworth Financial LP now owns 715 shares of the bank’s stock valued at $46,000 after acquiring an additional 393 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Bank of Nova Scotia Trading Up 0.8%

Shares of Bank of Nova Scotia stock opened at $81.58 on Wednesday. Bank of Nova Scotia has a 12-month low of $53.72 and a 12-month high of $82.22. The stock has a market cap of $99.94 billion, a P/E ratio of 15.57, a P/E/G ratio of 0.99 and a beta of 1.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average is $76.34 and its 200-day moving average is $74.07.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.The company had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter in the prior year, the business posted $1.52 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that Bank of Nova Scotia will post 6.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on BNS. Canaccord Genuity Group cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. TD Securities restated a “hold” rating on shares of Bank of Nova Scotia in a research note on Tuesday, March 3rd. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from $98.00 to $117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of Nova Scotia in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and an average target price of $117.00.

About Bank of Nova Scotia

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.