Bank of Nova Scotia (The) $BNS Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its position in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 25.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,810 shares of the bank’s stock after purchasing an additional 6,290 shares during the period. Sei Investments Co.’s holdings in Bank of Nova Scotia were worth $2,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Swiss RE Ltd. purchased a new position in Bank of Nova Scotia in the fourth quarter worth $30,000. Maseco LLP acquired a new stake in shares of Bank of Nova Scotia in the first quarter valued at approximately $30,000. Brown Brothers Harriman & Co. purchased a new position in Bank of Nova Scotia during the fourth quarter worth $34,000. Quarry LP acquired a new position in Bank of Nova Scotia in the 3rd quarter valued at about $35,000. Finally, Virtus Advisers LLC acquired a new stake in Bank of Nova Scotia during the third quarter worth approximately $39,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BNS. Royal Bank Of Canada raised their target price on shares of Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 28th. Weiss Ratings raised Bank of Nova Scotia from a “buy (b)” rating to a “buy (a-)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bank of Nova Scotia presently has an average rating of “Moderate Buy” and an average price target of $117.00.

Bank of Nova Scotia Stock Up 0.1%

Shares of NYSE:BNS opened at $88.94 on Monday. The firm has a market cap of $108.62 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.10 and a beta of 1.11. The company has a fifty day simple moving average of $85.96 and a 200 day simple moving average of $78.59. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.69. Bank of Nova Scotia has a 12-month low of $55.84 and a 12-month high of $90.47.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported $1.47 EPS for the quarter, topping the consensus estimate 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 business had revenue of $7.24 billion for the quarter, compared to analysts’ expectations of $7.13 billion. During the same quarter last year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Bank of Nova Scotia will post 5.99 EPS for the current fiscal 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.