Bank of Nova Scotia (The) $BNS Shares Sold by Ascent Group LLC

Ascent Group LLC reduced its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 5.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,729 shares of the bank’s stock after selling 249 shares during the quarter. Ascent Group LLC’s holdings in Bank of Nova Scotia were worth $261,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Compagnie Lombard Odier SCmA acquired a new position in Bank of Nova Scotia in the 1st quarter valued at $52,000. MAI Capital Management increased its stake in Bank of Nova Scotia by 40.7% in the 1st quarter. MAI Capital Management now owns 1,211 shares of the bank’s stock valued at $57,000 after buying an additional 350 shares during the period. SVB Wealth LLC acquired a new position in Bank of Nova Scotia in the 1st quarter valued at $69,000. North Capital Inc. acquired a new position in Bank of Nova Scotia in the 1st quarter valued at $81,000. Finally, Cromwell Holdings LLC increased its stake in Bank of Nova Scotia by 7.8% in the 2nd quarter. Cromwell Holdings LLC now owns 2,955 shares of the bank’s stock valued at $163,000 after buying an additional 213 shares during the period. 49.13% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at $63.35 on Thursday. Bank of Nova Scotia has a 52 week low of $44.09 and a 52 week high of $65.52. 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 firm’s 50-day simple moving average is $61.16 and its 200 day simple moving average is $54.95. The firm has a market capitalization of $78.60 billion, a PE ratio of 17.03, a P/E/G ratio of 1.47 and a beta of 1.16.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 EPS for the quarter, topping 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 business had revenue of $6.85 billion for the quarter, compared to analyst estimates of $9.29 billion. During the same period in the previous year, the firm earned $1.63 EPS. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have issued reports on BNS shares. Royal Bank Of Canada boosted their price objective 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 shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank of Nova Scotia in a research note on Wednesday. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.