Bank of Nova Scotia (The) $BNS Shares Sold by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas decreased its holdings in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 21.5% in the fourth quarter, Holdings Channel reports. The firm owned 100,400 shares of the bank’s stock after selling 27,500 shares during the period. Oddo BHF Asset Management Sas’ holdings in Bank of Nova Scotia were worth $7,398,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in BNS. AQR Capital Management LLC boosted its position in shares of Bank of Nova Scotia by 111.2% in the 1st quarter. AQR Capital Management LLC now owns 19,096 shares of the bank’s stock worth $911,000 after purchasing an additional 10,056 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Bank of Nova Scotia in the 2nd quarter worth $330,000. EverSource Wealth Advisors LLC boosted its position in shares of Bank of Nova Scotia by 42.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,165 shares of the bank’s stock worth $120,000 after purchasing an additional 649 shares in the last quarter. Sei Investments Co. boosted its position in shares of Bank of Nova Scotia by 2.1% in the 2nd quarter. Sei Investments Co. now owns 21,212 shares of the bank’s stock worth $1,172,000 after purchasing an additional 434 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of Bank of Nova Scotia by 61.1% in the 2nd quarter. Quantinno Capital Management LP now owns 66,962 shares of the bank’s stock worth $3,701,000 after purchasing an additional 25,400 shares in the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Canaccord Genuity Group cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Nova Scotia in a research report on Friday, May 22nd. TD Securities restated a “hold” rating on shares of Bank of Nova Scotia in a research note on Tuesday, March 3rd. Finally, Royal Bank Of Canada raised their target price on Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.00.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at $84.63 on Tuesday. The firm has a market capitalization of $103.67 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.03 and a beta of 1.12. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.04 and a quick ratio of 1.04. The business has a fifty day moving average of $77.46 and a 200 day moving average of $74.53. Bank of Nova Scotia has a 1 year low of $53.74 and a 1 year high of $85.07.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.24 billion during the quarter, compared to analyst estimates of $7.13 billion. During the same quarter last year, the business posted $1.52 EPS. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. As a group, research analysts expect that Bank of Nova Scotia will post 6.05 earnings per share for the current year.

Bank of Nova Scotia Company Profile

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.