Harvest Portfolios Group Inc. Has $3.96 Million Holdings in Bank of Nova Scotia (The) $BNS

Harvest Portfolios Group Inc. raised its holdings in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 13.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,677 shares of the bank’s stock after buying an additional 8,593 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Bank of Nova Scotia were worth $3,963,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Bank of Nova Scotia by 5.5% during the first quarter. Bank of New York Mellon Corp now owns 1,155,791 shares of the bank’s stock worth $54,819,000 after acquiring an additional 60,506 shares in the last quarter. Cerity Partners LLC increased its position in shares of Bank of Nova Scotia by 159.3% during the 1st quarter. Cerity Partners LLC now owns 39,955 shares of the bank’s stock worth $1,895,000 after purchasing an additional 24,547 shares in the last quarter. Genus Capital Management Inc. lifted its holdings in Bank of Nova Scotia by 198.5% during the 1st quarter. Genus Capital Management Inc. now owns 24,050 shares of the bank’s stock valued at $1,140,000 after purchasing an additional 48,470 shares during the last quarter. MQS Management LLC bought a new position in Bank of Nova Scotia during the 1st quarter valued at about $856,000. Finally, Massachusetts Financial Services Co. MA boosted its position in Bank of Nova Scotia by 4.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 67,240 shares of the bank’s stock valued at $3,189,000 after buying an additional 3,063 shares in the last quarter. Institutional investors own 49.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 27th. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank of Nova Scotia in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded Bank of Nova Scotia from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $86.00.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock opened at $65.84 on Friday. The firm has a market cap of $81.51 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. Bank of Nova Scotia has a one year low of $44.09 and a one year high of $66.10. The stock’s 50-day moving average is $64.35 and its 200-day moving average is $57.60. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 26th. The bank reported $1.37 EPS 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 business had revenue of $6.85 billion during the quarter, compared to analysts’ expectations of $9.29 billion. During the same quarter in the prior year, the company posted $1.63 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. Equities analysts predict that Bank of Nova Scotia will post 4.91 earnings per share for the current fiscal year.

Bank of Nova Scotia Company 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.