EP Wealth Advisors LLC acquired a new position in Bank of Nova Scotia (The) (NYSE:BNS - Free Report) TSE: BNS during the second quarter, according to its most recent filing with the SEC. The firm acquired 13,197 shares of the bank's stock, valued at approximately $1,146,000.
Several other hedge funds and other institutional investors also recently modified their holdings of BNS. Prospera Financial Services Inc increased its position in Bank of Nova Scotia by 3.9% during the 4th quarter. Prospera Financial Services Inc now owns 4,625 shares of the bank's stock valued at $341,000 after buying an additional 173 shares in the last quarter. Larson Financial Group LLC lifted its stake in Bank of Nova Scotia by 22.3% during the 4th quarter. Larson Financial Group LLC now owns 1,280 shares of the bank's stock valued at $94,000 after acquiring an additional 233 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in Bank of Nova Scotia by 8.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the bank's stock valued at $235,000 after purchasing an additional 239 shares during the period. Parallel Advisors LLC boosted its stake in shares of Bank of Nova Scotia by 8.5% in the 3rd quarter. Parallel Advisors LLC now owns 3,326 shares of the bank's stock worth $215,000 after buying an additional 261 shares during the last quarter. Finally, Kathmere Capital Management LLC boosted its position in Bank of Nova Scotia by 8.5% in the first quarter. Kathmere Capital Management LLC now owns 3,579 shares of the bank's stock worth $248,000 after purchasing an additional 281 shares during the last quarter. Hedge funds and other institutional investors own 49.13% of the company's stock.
Bank of Nova Scotia Price Performance
Bank of Nova Scotia stock opened at $87.56 on Monday. The firm has a 50-day moving average of $87.58 and a two-hundred day moving average of $79.60. The stock has a market cap of $106.72 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 1.08 and a beta of 1.11. Bank of Nova Scotia has a 1 year low of $56.55 and a 1 year high of $92.04. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04.
Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last issued its earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share for the quarter, beating 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 business had revenue of $7.24 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same period in the previous year, the company posted $1.52 EPS. Bank of Nova Scotia's revenue was up 8.3% on a year-over-year basis. On average, research analysts forecast that Bank of Nova Scotia will post 6.03 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Weiss Ratings lowered shares of Bank of Nova Scotia from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Tuesday, August 18th. Keefe, Bruyette & Woods started coverage on Bank of Nova Scotia in a report on Friday. They set an "outperform" rating for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a "sector perform" rating in a report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Bank of Nova Scotia currently has a consensus rating of "Moderate Buy" and a consensus target price of $117.00.
View Our Latest Analysis on Bank of Nova Scotia
Bank of Nova Scotia Profile
(
Free Report)
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.
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