J. Safra Sarasin Holding AG Has $850,000 Holdings in Bank of Nova Scotia (The) $BNS

Key Points

• J. Safra Sarasin Holding AG increased its holdings in Bank of Nova Scotia by 63.8% in Q2, now owning 15,395 shares worth $850,000.
• The Bank of Nova Scotia reported a quarterly earnings per share (EPS) of $1.37, beating analysts' estimates by $0.09, despite revenue being lower than expected.
• Wall Street analysts have a mixed view of the bank, with five rating it a Buy and five a Hold, while raising the average target price to $86.00.

J. Safra Sarasin Holding AG boosted its holdings in Bank of Nova Scotia (The) (NYSE:BNS - Free Report) TSE: BNS by 63.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,395 shares of the bank's stock after buying an additional 5,997 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Bank of Nova Scotia were worth $850,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Gold Investment Management Ltd. boosted its stake in Bank of Nova Scotia by 2.8% in the second quarter. Gold Investment Management Ltd. now owns 142,484 shares of the bank's stock valued at $7,877,000 after buying an additional 3,815 shares in the last quarter. HB Wealth Management LLC boosted its stake in Bank of Nova Scotia by 18.6% in the second quarter. HB Wealth Management LLC now owns 5,224 shares of the bank's stock valued at $289,000 after buying an additional 818 shares in the last quarter. Signaturefd LLC boosted its stake in Bank of Nova Scotia by 12.3% in the second quarter. Signaturefd LLC now owns 20,756 shares of the bank's stock valued at $1,147,000 after buying an additional 2,278 shares in the last quarter. Ipswich Investment Management Co. Inc. boosted its stake in Bank of Nova Scotia by 11.2% in the second quarter. Ipswich Investment Management Co. Inc. now owns 28,905 shares of the bank's stock valued at $1,598,000 after buying an additional 2,900 shares in the last quarter. Finally, Five Oceans Advisors acquired a new stake in Bank of Nova Scotia in the second quarter valued at about $218,000. 49.13% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at $65.24 on Friday. The business's 50-day moving average price is $60.66 and its 200-day moving average price is $54.66. Bank of Nova Scotia has a 12 month low of $44.09 and a 12 month high of $65.52. The firm has a market capitalization of $80.94 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.49 and a beta of 1.16. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last posted its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.09. The company had revenue of $6.85 billion for the quarter, compared to analyst estimates of $9.29 billion. Bank of Nova Scotia had a return on equity of 11.61% and a net margin of 9.74%.The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.63 earnings per share. Equities research analysts forecast that Bank of Nova Scotia will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

BNS has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on 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. Weiss Ratings reissued a "buy (b-)" rating on shares of Bank of Nova Scotia in a research note on Saturday, September 27th. Finally, Wall Street Zen raised Bank of Nova Scotia from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.

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