PBU The Pension Fund of Early Childhood & Youth Educators Purchases New Holdings in Bank of Nova Scotia (The) $BNS

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 35,514 shares of the bank’s stock, valued at approximately $2,617,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BNS. Vise Technologies Inc. raised its stake in Bank of Nova Scotia by 18.1% during the fourth quarter. Vise Technologies Inc. now owns 26,537 shares of the bank’s stock valued at $1,956,000 after buying an additional 4,061 shares in the last quarter. Crescent Grove Advisors LLC acquired a new stake in Bank of Nova Scotia during the fourth quarter valued at approximately $214,000. TD Asset Management Inc raised its stake in Bank of Nova Scotia by 1.7% during the fourth quarter. TD Asset Management Inc now owns 18,674,585 shares of the bank’s stock valued at $1,379,120,000 after buying an additional 310,564 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Bank of Nova Scotia by 62.1% during the fourth quarter. Sivia Capital Partners LLC now owns 9,705 shares of the bank’s stock valued at $715,000 after buying an additional 3,718 shares in the last quarter. Finally, Greenspring Advisors LLC acquired a new stake in Bank of Nova Scotia during the fourth quarter valued at approximately $262,000. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Down 0.9%

Shares of Bank of Nova Scotia stock opened at $80.62 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. The business’s 50 day simple moving average is $75.82 and its 200-day simple moving average is $73.83. The stock has a market capitalization of $98.90 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 0.99 and a beta of 1.12. Bank of Nova Scotia has a twelve month low of $53.52 and a twelve month high of $82.22.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.05. The business had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.13 billion. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.52 EPS. Equities research analysts forecast that Bank of Nova Scotia will post 6.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on BNS. Canaccord Genuity Group cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Royal Bank Of Canada upped their price objective on Bank of Nova Scotia from $98.00 to $117.00 and gave the company a “sector perform” rating in a research note on Thursday, May 28th. TD Securities restated a “hold” rating on shares of Bank of Nova Scotia in a research note on Tuesday, March 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Bank of Nova Scotia in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $117.00.

Bank of Nova Scotia Company 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.