Osmosis Investment Management UK Ltd Acquires Shares of 41,547 Bank of Nova Scotia (The) $BNS

Osmosis Investment Management UK Ltd acquired a new stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 41,547 shares of the bank’s stock, valued at approximately $3,610,000.

A number of other hedge funds also recently modified their holdings of the stock. Kepler Cheuvreux Suisse SA lifted its position in Bank of Nova Scotia by 85.7% during the fourth quarter. Kepler Cheuvreux Suisse SA now owns 246,523 shares of the bank’s stock worth $18,166,000 after acquiring an additional 113,765 shares during the last quarter. Triasima Portfolio Management inc. grew its position in shares of Bank of Nova Scotia by 22.6% in the fourth quarter. Triasima Portfolio Management inc. now owns 129,807 shares of the bank’s stock valued at $9,586,000 after purchasing an additional 23,925 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bank of Nova Scotia by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 57,237,537 shares of the bank’s stock valued at $4,221,440,000 after purchasing an additional 1,169,073 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Bank of Nova Scotia by 9.3% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 178,226 shares of the bank’s stock valued at $15,460,000 after purchasing an additional 15,100 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of Bank of Nova Scotia during the fourth quarter worth approximately $66,527,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Trading Down 0.0%

BNS opened at $87.56 on Monday. Bank of Nova Scotia has a twelve month low of $56.55 and a twelve month high of $92.04. The company has a 50-day simple moving average of $87.58 and a 200 day simple moving average of $79.60. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $106.72 billion, a price-to-earnings ratio of 16.71, a P/E/G ratio of 1.08 and a beta of 1.11.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data 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. Bank of Nova Scotia had a net margin of 13.38% and a return on equity of 13.16%. The firm had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.13 billion. During the same period in the prior year, the company posted $1.52 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts predict that Bank of Nova Scotia will post 6.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price target 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. Weiss Ratings cut shares of Bank of Nova Scotia from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Tuesday, August 18th. Finally, Keefe, Bruyette & Woods assumed coverage on shares of Bank of Nova Scotia in a report on Friday. They issued an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.00.

About Bank of Nova Scotia

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.