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

Mn Services Vermogensbeheer B.V. boosted its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 5.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 239,000 shares of the bank’s stock after purchasing an additional 11,900 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Bank of Nova Scotia were worth $13,189,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of BNS. Focus Partners Wealth purchased a new position in shares of Bank of Nova Scotia in the fourth quarter worth approximately $348,000. Twinbeech Capital LP purchased a new position in shares of Bank of Nova Scotia during the 4th quarter worth $520,000. Vident Advisory LLC boosted its stake in shares of Bank of Nova Scotia by 8.3% during the 4th quarter. Vident Advisory LLC now owns 4,648 shares of the bank’s stock worth $250,000 after acquiring an additional 358 shares during the last quarter. Retirement Planning Group LLC boosted its stake in shares of Bank of Nova Scotia by 6.8% during the 4th quarter. Retirement Planning Group LLC now owns 13,918 shares of the bank’s stock worth $748,000 after acquiring an additional 881 shares during the last quarter. Finally, Vise Technologies Inc. boosted its stake in shares of Bank of Nova Scotia by 7.3% during the 4th quarter. Vise Technologies Inc. now owns 17,905 shares of the bank’s stock worth $962,000 after acquiring an additional 1,214 shares during the last quarter. 49.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BNS has been the topic of several analyst reports. Wall Street Zen upgraded shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Royal Bank Of Canada lifted their target price on 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 equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.00.

Bank of Nova Scotia Stock Up 0.0%

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

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 26th. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.09. Bank of Nova Scotia had a net margin of 9.74% and a return on equity of 11.61%. The company had revenue of $6.85 billion for the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the previous year, the company earned $1.63 EPS. Bank of Nova Scotia’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, sell-side analysts forecast that Bank of Nova Scotia will post 4.91 earnings per share for the current fiscal year.

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.