Bank of Nova Scotia (The) $BNS Shares Bought by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 9,447,941 shares of the bank’s stock after buying an additional 584,126 shares during the quarter. Bank of Nova Scotia accounts for approximately 1.2% of Healthcare of Ontario Pension Plan Trust Fund’s portfolio, making the stock its 17th biggest position. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Bank of Nova Scotia were worth $696,876,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BNS. AQR Capital Management LLC increased its holdings in shares of Bank of Nova Scotia by 111.2% during the first quarter. AQR Capital Management LLC now owns 19,096 shares of the bank’s stock valued at $911,000 after purchasing an additional 10,056 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Bank of Nova Scotia during the second quarter valued at $330,000. EverSource Wealth Advisors LLC increased its holdings in shares of Bank of Nova Scotia by 42.8% during the second quarter. EverSource Wealth Advisors LLC now owns 2,165 shares of the bank’s stock valued at $120,000 after purchasing an additional 649 shares during the period. Sei Investments Co. increased its holdings in shares of Bank of Nova Scotia by 2.1% during the second quarter. Sei Investments Co. now owns 21,212 shares of the bank’s stock valued at $1,172,000 after purchasing an additional 434 shares during the period. Finally, Quantinno Capital Management LP increased its holdings in shares of Bank of Nova Scotia by 61.1% during the second quarter. Quantinno Capital Management LP now owns 66,962 shares of the bank’s stock valued at $3,701,000 after purchasing an additional 25,400 shares during the period. 49.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BNS. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank of Nova Scotia in a report on Friday, May 22nd. Royal Bank Of Canada lifted their target price on Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a report on Thursday, May 28th. TD Securities reaffirmed a “hold” rating on shares of Bank of Nova Scotia in a report on Tuesday, March 3rd. Finally, Canaccord Genuity Group lowered Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $117.00.

Bank of Nova Scotia Price Performance

NYSE:BNS opened at $84.02 on Friday. The business’s 50-day moving average price is $77.17 and its 200 day moving average price is $74.36. The firm has a market cap of $102.91 billion, a P/E ratio of 16.03, a PEG ratio of 1.03 and a beta of 1.12. Bank of Nova Scotia has a 52-week low of $53.74 and a 52-week high of $84.12. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The firm had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.13 billion. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.Bank of Nova Scotia’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.52 earnings per share. As a group, sell-side analysts predict that Bank of Nova Scotia will post 6.05 earnings per share for the current fiscal year.

Bank of Nova Scotia Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.