Mn Services Vermogensbeheer B.V. Grows Holdings in Bank of Nova Scotia (The) $BNS

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Bank of Nova Scotia by 5.2%, owning 239,000 shares valued at approximately $13.19 million as of its latest SEC filing.
• Bank of Nova Scotia reported $1.37 EPS for the quarter, surpassing analysts' expectations of $1.28, and achieved a 13.4% year-over-year revenue growth.
• Equities research analysts have upgraded Bank of Nova Scotia from a "sell" to a "hold" rating, with a consensus price target now set at $86.00.

Mn Services Vermogensbeheer B.V. lifted its holdings in Bank of Nova Scotia (The) (NYSE:BNS - Free Report) TSE: BNS by 5.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,000 shares of the bank's stock after buying an additional 11,900 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Bank of Nova Scotia were worth $13,189,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Compagnie Lombard Odier SCmA purchased a new stake in Bank of Nova Scotia in the first quarter worth about $52,000. Independence Bank of Kentucky grew its stake in shares of Bank of Nova Scotia by 38.4% in the 1st quarter. Independence Bank of Kentucky now owns 1,175 shares of the bank's stock worth $56,000 after buying an additional 326 shares during the last quarter. MAI Capital Management grew its stake in shares of Bank of Nova Scotia by 40.7% in the 1st quarter. MAI Capital Management now owns 1,211 shares of the bank's stock worth $57,000 after buying an additional 350 shares during the last quarter. SVB Wealth LLC purchased a new stake in shares of Bank of Nova Scotia in the 1st quarter worth approximately $69,000. Finally, North Capital Inc. purchased a new stake in shares of Bank of Nova Scotia in the first quarter worth $81,000. Hedge funds and other institutional investors own 49.13% of the company's stock.

Bank of Nova Scotia Trading Up 0.0%

Bank of Nova Scotia stock opened at $64.66 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.03 and a quick ratio of 1.03. Bank of Nova Scotia has a one year low of $44.09 and a one year high of $65.19. The stock has a market capitalization of $80.22 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.49 and a beta of 1.16. The business's fifty day moving average is $58.66 and its 200 day moving average is $53.36.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last announced its quarterly earnings results on Tuesday, August 26th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.28 by $0.09. The firm had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $9.29 billion. Bank of Nova Scotia had a net margin of 9.74% and a return on equity of 11.61%. The business's quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 EPS. On average, sell-side analysts predict that Bank of Nova Scotia will post 4.91 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BNS shares. Wall Street Zen raised Bank of Nova Scotia from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. Royal Bank Of Canada increased 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 report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Bank of Nova Scotia has a consensus rating of "Hold" and a consensus price target 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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