4,785 Shares in The Bank of Nova Scotia (NYSE:BNS) Acquired by Nwam LLC

Nwam LLC purchased a new stake in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,785 shares of the bank’s stock, valued at approximately $261,000.

Other institutional investors also recently bought and sold shares of the company. Citigroup Inc. raised its stake in shares of Bank of Nova Scotia by 12.3% in the 3rd quarter. Citigroup Inc. now owns 580,664 shares of the bank’s stock valued at $31,673,000 after acquiring an additional 63,528 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Bank of Nova Scotia by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,744,062 shares of the bank’s stock valued at $204,214,000 after purchasing an additional 150,247 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Bank of Nova Scotia by 3.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 63,849 shares of the bank’s stock valued at $3,479,000 after purchasing an additional 2,090 shares during the period. Moran Wealth Management LLC acquired a new position in shares of Bank of Nova Scotia during the third quarter worth $201,000. Finally, Ontario Teachers Pension Plan Board acquired a new position in shares of Bank of Nova Scotia during the third quarter worth $1,211,000. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia Trading Up 0.2 %

Shares of NYSE BNS opened at $56.55 on Tuesday. The stock has a market capitalization of $70.37 billion, a P/E ratio of 13.53, a PEG ratio of 1.52 and a beta of 1.05. The stock’s 50 day moving average price is $53.49 and its two-hundred day moving average price is $49.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The Bank of Nova Scotia has a 52-week low of $41.80 and a 52-week high of $56.79.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.01. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period last year, the business posted $1.30 earnings per share. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, analysts anticipate that The Bank of Nova Scotia will post 4.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. TD Securities raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Barclays upgraded Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Finally, UBS Group raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bank of Nova Scotia has an average rating of “Moderate Buy” and an average target price of $69.00.

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.