OMERS ADMINISTRATION Corp Acquires 2,595,186 Shares of Bank of Nova Scotia (The) $BNS

OMERS ADMINISTRATION Corp raised its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 555.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,062,126 shares of the bank’s stock after buying an additional 2,595,186 shares during the quarter. Bank of Nova Scotia comprises about 1.3% of OMERS ADMINISTRATION Corp’s holdings, making the stock its 26th largest position. OMERS ADMINISTRATION Corp owned 0.25% of Bank of Nova Scotia worth $168,984,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cypress Capital Management LLC WY bought a new stake in shares of Bank of Nova Scotia during the 2nd quarter valued at about $33,000. VSM Wealth Advisory LLC purchased a new stake in Bank of Nova Scotia in the second quarter valued at approximately $55,000. MAI Capital Management lifted its position in Bank of Nova Scotia by 40.7% during the first quarter. MAI Capital Management now owns 1,211 shares of the bank’s stock valued at $57,000 after purchasing an additional 350 shares during the last quarter. SVB Wealth LLC bought a new stake in Bank of Nova Scotia during the first quarter valued at approximately $69,000. Finally, CWM LLC grew its stake in Bank of Nova Scotia by 15.8% in the 2nd quarter. CWM LLC now owns 2,084 shares of the bank’s stock worth $115,000 after buying an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Up 0.6%

Shares of NYSE:BNS opened at $69.37 on Monday. The stock has a market capitalization of $85.76 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The stock’s 50-day moving average price is $65.56 and its 200-day moving average price is $59.72. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.66. Bank of Nova Scotia has a 12-month low of $44.09 and a 12-month high of $69.43.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BNS. Wall Street Zen upgraded Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank of Nova Scotia in a research report on Wednesday, October 8th. Raymond James Financial assumed coverage on Bank of Nova Scotia in a report on Tuesday, November 25th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada upped their target price on Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $86.00.

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.