Bank of Nova Scotia (BNS) Stake Lowered by AGF Investments Inc.

AGF Investments Inc. reduced its holdings in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 792,537 shares of the bank’s stock after selling 37,985 shares during the quarter. AGF Investments Inc. owned about 0.07% of Bank of Nova Scotia worth $50,941,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. TD Asset Management Inc. lifted its holdings in shares of Bank of Nova Scotia by 1.4% in the 3rd quarter. TD Asset Management Inc. now owns 38,795,439 shares of the bank’s stock valued at $2,487,821,000 after buying an additional 523,053 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Bank of Nova Scotia by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 26,994,461 shares of the bank’s stock valued at $1,623,177,000 after buying an additional 1,105,865 shares during the period. Jarislowsky Fraser Ltd lifted its holdings in shares of Bank of Nova Scotia by 1.0% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 16,829,361 shares of the bank’s stock valued at $1,079,211,000 after buying an additional 173,233 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Bank of Nova Scotia by 7.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 13,611,106 shares of the bank’s stock valued at $873,039,000 after buying an additional 913,814 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of Bank of Nova Scotia by 0.8% in the 3rd quarter. CIBC Asset Management Inc now owns 12,584,409 shares of the bank’s stock valued at $806,732,000 after buying an additional 101,510 shares during the period. 46.75% of the stock is owned by institutional investors and hedge funds.

BNS has been the subject of several recent analyst reports. Zacks Investment Research cut Bank of Nova Scotia from a “buy” rating to a “sell” rating in a report on Tuesday, October 31st. Scotiabank reissued a “buy” rating and issued a $88.00 price target on shares of Bank of Nova Scotia in a report on Wednesday, August 30th. Macquarie initiated coverage on Bank of Nova Scotia in a report on Tuesday, October 24th. They issued an “outperform” rating for the company. Canaccord Genuity set a $87.00 price target on Bank of Nova Scotia and gave the company a “buy” rating in a report on Tuesday, August 29th. Finally, BidaskClub raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. Bank of Nova Scotia has an average rating of “Buy” and a consensus target price of $84.60.

Bank of Nova Scotia (NYSE BNS) opened at $66.16 on Monday. The stock has a market capitalization of $78,940.00, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.56 and a beta of 1.27. Bank of Nova Scotia has a 1-year low of $53.63 and a 1-year high of $66.78. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Tuesday, August 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.38). The firm had revenue of $5.22 billion for the quarter, compared to analyst estimates of $5.28 billion. Bank of Nova Scotia had a return on equity of 14.54% and a net margin of 22.26%. During the same period in the prior year, the firm posted $1.54 earnings per share. analysts predict that Bank of Nova Scotia will post 5.16 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://transcriptdaily.com/2017/11/27/bank-of-nova-scotia-bns-stake-lowered-by-agf-investments-inc.html.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Want to see what other hedge funds are holding BNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Nova Scotia (NYSE:BNS) (TSE:BNS).

Institutional Ownership by Quarter for Bank of Nova Scotia (NYSE:BNS)

Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply