Skandinaviska Enskilda Banken AB publ Increases Stock Position in Bank of Nova Scotia (The) $BNS

Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 3.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 174,086 shares of the bank’s stock after purchasing an additional 5,900 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Bank of Nova Scotia were worth $9,622,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BNS. Bank of New York Mellon Corp raised its holdings in shares of Bank of Nova Scotia by 3.8% during the second quarter. Bank of New York Mellon Corp now owns 1,200,107 shares of the bank’s stock valued at $66,330,000 after purchasing an additional 44,316 shares during the last quarter. Y Intercept Hong Kong Ltd boosted its holdings in Bank of Nova Scotia by 1,439.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 108,750 shares of the bank’s stock worth $6,011,000 after purchasing an additional 101,687 shares during the last quarter. AGF Management Ltd. bought a new stake in Bank of Nova Scotia in the 2nd quarter worth approximately $21,803,000. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Bank of Nova Scotia by 2.9% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,188,376 shares of the bank’s stock valued at $65,755,000 after buying an additional 33,800 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Bank of Nova Scotia by 261.9% during the 2nd quarter. Ritholtz Wealth Management now owns 15,811 shares of the bank’s stock valued at $874,000 after buying an additional 11,442 shares during the period. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock opened at $69.37 on Friday. Bank of Nova Scotia has a one year low of $44.09 and a one year high of $69.43. The stock’s fifty day moving average is $65.56 and its 200 day moving average is $59.66. The stock has a market cap of $85.76 billion, a P/E ratio of 18.65, a P/E/G ratio of 1.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.03.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BNS shares. Weiss Ratings restated a “buy (b-)” rating on shares of Bank of Nova Scotia in a research note on Wednesday, October 8th. Royal Bank Of Canada increased their target price on Bank of Nova Scotia from $80.00 to $86.00 and gave the company a “sector perform” rating in a report on Wednesday, August 27th. Raymond James Financial started coverage on Bank of Nova Scotia in a research report on Tuesday, November 25th. They issued an “outperform” rating on the stock. Finally, Wall Street Zen raised shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus 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.