Campbell & CO Investment Adviser LLC Has $1.58 Million Position in Bank of Nova Scotia (The) $BNS

Campbell & CO Investment Adviser LLC lessened its holdings in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 67.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,605 shares of the bank’s stock after selling 59,620 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Bank of Nova Scotia were worth $1,581,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BNS. Weiss Ratings reissued a “buy (b-)” rating on shares of Bank of Nova Scotia in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Finally, Royal Bank Of Canada boosted their price target on shares of 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. Four equities research 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 stock has a consensus rating of “Hold” and an average target price of $86.00.

Bank of Nova Scotia Price Performance

Shares of BNS opened at $66.77 on Wednesday. The firm has a market cap of $82.66 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. Bank of Nova Scotia has a 52-week low of $44.09 and a 52-week high of $67.32. The business’s 50 day moving average price is $64.62 and its two-hundred day moving average price is $58.12. 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 (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 earnings per share for the quarter, beating 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 company had revenue of $6.85 billion during the quarter, compared to analyst estimates of $9.29 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Bank of Nova Scotia’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities analysts anticipate that Bank of Nova Scotia will post 4.91 EPS for the current 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.