4,390 Shares in Bank of Nova Scotia (The) $BNS Acquired by Zevin Asset Management LLC

Zevin Asset Management LLC acquired a new stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,390 shares of the bank’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors have also made changes to their positions in BNS. Y Intercept Hong Kong Ltd boosted its stake in Bank of Nova Scotia by 1,439.7% in the second quarter. Y Intercept Hong Kong Ltd now owns 108,750 shares of the bank’s stock valued at $6,011,000 after acquiring an additional 101,687 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Bank of Nova Scotia by 261.9% during the second quarter. Ritholtz Wealth Management now owns 15,811 shares of the bank’s stock worth $874,000 after purchasing an additional 11,442 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in shares of Bank of Nova Scotia by 2,005.4% in the 1st quarter. Bayforest Capital Ltd now owns 14,296 shares of the bank’s stock valued at $678,000 after purchasing an additional 13,617 shares during the last quarter. Korea Investment CORP boosted its position in shares of Bank of Nova Scotia by 0.5% in the 1st quarter. Korea Investment CORP now owns 941,286 shares of the bank’s stock valued at $44,623,000 after purchasing an additional 5,085 shares during the period. Finally, Avanza Fonder AB grew its stake in Bank of Nova Scotia by 11.5% during the 2nd quarter. Avanza Fonder AB now owns 79,462 shares of the bank’s stock worth $4,392,000 after buying an additional 8,169 shares during the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Price Performance

Shares of NYSE:BNS opened at $65.69 on Friday. Bank of Nova Scotia has a one year low of $44.09 and a one year high of $66.10. The stock has a market cap of $81.32 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The business’s fifty day moving average price is $64.35 and its two-hundred day moving average price is $57.60. 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 announced its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 earnings per share (EPS) 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 business had revenue of $6.85 billion for the quarter, compared to the consensus estimate of $9.29 billion. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, analysts forecast that Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BNS has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Bank of Nova Scotia in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of Bank of Nova Scotia from $80.00 to $86.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 27th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus 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.