PDS Planning Inc Buys 200 Shares of Bank of Nova Scotia (The) $BNS

PDS Planning Inc lifted its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,097 shares of the bank’s stock after acquiring an additional 200 shares during the quarter. PDS Planning Inc’s holdings in Bank of Nova Scotia were worth $392,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Bank of Nova Scotia by 3.5% during the first quarter. Vanguard Group Inc. now owns 53,184,171 shares of the bank’s stock worth $2,521,621,000 after purchasing an additional 1,821,025 shares during the last quarter. 1832 Asset Management L.P. increased its stake in Bank of Nova Scotia by 2.1% in the 1st quarter. 1832 Asset Management L.P. now owns 17,717,286 shares of the bank’s stock valued at $840,331,000 after buying an additional 362,572 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of Bank of Nova Scotia by 2.5% during the 1st quarter. Mackenzie Financial Corp now owns 15,158,112 shares of the bank’s stock worth $718,670,000 after buying an additional 374,487 shares in the last quarter. Scotia Capital Inc. grew its holdings in shares of Bank of Nova Scotia by 0.8% in the first quarter. Scotia Capital Inc. now owns 14,141,532 shares of the bank’s stock valued at $670,495,000 after acquiring an additional 117,272 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Bank of Nova Scotia by 255.9% during the first quarter. Goldman Sachs Group Inc. now owns 10,174,780 shares of the bank’s stock valued at $482,590,000 after acquiring an additional 7,315,915 shares during the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Wall Street Zen upgraded shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bank of Nova Scotia in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.00.

Bank of Nova Scotia Trading Down 0.2%

Shares of Bank of Nova Scotia stock opened at $63.42 on Monday. The stock has a market capitalization of $78.68 billion, a P/E ratio of 17.05, a P/E/G ratio of 1.45 and a beta of 1.16. Bank of Nova Scotia has a 52-week low of $44.09 and a 52-week high of $65.52. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $61.48 and its 200 day simple moving average is $55.25.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, August 26th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter last year, the company earned $1.63 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts anticipate that Bank of Nova Scotia will post 4.91 EPS for the current year.

About Bank of Nova Scotia

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.