Bank of Nova Scotia (The) $BNS Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 2.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,008,689 shares of the bank’s stock after purchasing an additional 154,541 shares during the period. Dimensional Fund Advisors LP’s holdings in Bank of Nova Scotia were worth $416,415,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BNS. Swiss RE Ltd. bought a new position in shares of Bank of Nova Scotia during the fourth quarter worth about $30,000. Maseco LLP acquired a new position in Bank of Nova Scotia in the first quarter worth about $30,000. Brown Brothers Harriman & Co. bought a new stake in Bank of Nova Scotia in the fourth quarter valued at about $34,000. Quarry LP bought a new stake in Bank of Nova Scotia in the third quarter valued at about $35,000. Finally, Virtus Advisers LLC acquired a new stake in Bank of Nova Scotia during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Royal Bank Of Canada increased their target price on 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. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank of Nova Scotia in a report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $117.00.

Bank of Nova Scotia Stock Performance

BNS stock opened at $87.41 on Wednesday. Bank of Nova Scotia has a 1 year low of $55.21 and a 1 year high of $90.47. The stock has a market capitalization of $107.07 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 1.08 and a beta of 1.11. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s fifty day moving average is $83.66 and its two-hundred day moving average is $77.26.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Wednesday, May 27th. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.13 billion. Bank of Nova Scotia had a net margin of 13.38% and a return on equity of 13.16%. Bank of Nova Scotia’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.52 EPS. On average, research analysts predict that Bank of Nova Scotia will post 6.01 EPS 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.