WCG Wealth Advisors LLC Buys Shares of 12,145 Bank of Nova Scotia (The) $BNS

WCG Wealth Advisors LLC bought a new stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,145 shares of the bank’s stock, valued at approximately $895,000.

Several other large investors have also recently bought and sold shares of the company. Prospera Financial Services Inc raised its position in Bank of Nova Scotia by 3.9% in the fourth quarter. Prospera Financial Services Inc now owns 4,625 shares of the bank’s stock valued at $341,000 after purchasing an additional 173 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Bank of Nova Scotia by 9.6% during the third quarter. EverSource Wealth Advisors LLC now owns 2,373 shares of the bank’s stock worth $153,000 after purchasing an additional 208 shares during the period. Fiera Capital Corp grew its stake in Bank of Nova Scotia by 0.5% during the third quarter. Fiera Capital Corp now owns 45,482 shares of the bank’s stock worth $2,940,000 after purchasing an additional 213 shares during the period. Larson Financial Group LLC grew its stake in Bank of Nova Scotia by 22.3% during the fourth quarter. Larson Financial Group LLC now owns 1,280 shares of the bank’s stock worth $94,000 after purchasing an additional 233 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Bank of Nova Scotia by 8.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the bank’s stock worth $235,000 after purchasing an additional 239 shares during the period. 49.13% of the stock is currently owned by institutional investors.

Bank of Nova Scotia Trading Down 0.9%

Shares of Bank of Nova Scotia stock opened at $80.62 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.04 and a current ratio of 1.04. Bank of Nova Scotia has a 52 week low of $53.52 and a 52 week high of $82.22. The stock has a 50 day moving average price of $75.82 and a two-hundred day moving average price of $73.83. The stock has a market capitalization of $98.90 billion, a PE ratio of 15.39, a price-to-earnings-growth ratio of 0.99 and a beta of 1.12.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported $1.47 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.05. Bank of Nova Scotia had a return on equity of 13.16% and a net margin of 13.38%.The firm had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter last year, the firm posted $1.52 earnings per share. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. As a group, equities analysts anticipate that Bank of Nova Scotia will post 6.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Royal Bank Of Canada raised their target price on Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 28th. TD Securities reissued a “hold” rating on shares of Bank of Nova Scotia in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Bank of Nova Scotia in a research note on Friday, May 22nd. Finally, 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. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price 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.