Crossmark Global Holdings Inc. Sells 9,887 Shares of Bank of Nova Scotia (The) $BNS

Crossmark Global Holdings Inc. cut its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 6.2% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 149,297 shares of the bank’s stock after selling 9,887 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Bank of Nova Scotia were worth $9,652,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mondrian Investment Partners LTD acquired a new position in Bank of Nova Scotia during the third quarter valued at approximately $30,000. Cypress Capital Management LLC WY bought a new position in shares of Bank of Nova Scotia in the 2nd quarter valued at $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Bank of Nova Scotia by 3,304.3% during the 3rd quarter. Smartleaf Asset Management LLC now owns 783 shares of the bank’s stock worth $51,000 after buying an additional 760 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth $55,000. Finally, Toth Financial Advisory Corp acquired a new stake in Bank of Nova Scotia in the third quarter valued at about $67,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on BNS shares. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia from $97.00 to $106.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 25th. Weiss Ratings raised shares of Bank of Nova Scotia from a “hold (c+)” rating to a “buy (b)” rating in a report on Wednesday, February 25th. Raymond James Financial started coverage on shares of Bank of Nova Scotia in a research report on Tuesday, November 25th. They set an “outperform” rating for the company. Finally, TD Securities restated a “hold” rating on shares of Bank of Nova Scotia in a research report on Tuesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus target price of $106.00.

Bank of Nova Scotia Stock Performance

NYSE:BNS opened at $72.95 on Friday. The stock’s 50-day moving average is $74.78 and its 200-day moving average is $68.99. Bank of Nova Scotia has a 1-year low of $44.09 and a 1-year high of $78.28. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.68. The stock has a market cap of $89.93 billion, a P/E ratio of 15.17, a price-to-earnings-growth ratio of 0.90 and a beta of 1.10.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Tuesday, February 24th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.06. Bank of Nova Scotia had a net margin of 12.40% and a return on equity of 12.49%. The business had revenue of $7.40 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the business earned $1.76 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. Equities research analysts anticipate that Bank of Nova Scotia will post 4.91 earnings per share for the current year.

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.