Oddo BHF Asset Management Sas Sells 27,300 Shares of Bank of Nova Scotia (The) $BNS

Oddo BHF Asset Management Sas lowered its holdings in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 27.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,100 shares of the bank’s stock after selling 27,300 shares during the period. Oddo BHF Asset Management Sas’ holdings in Bank of Nova Scotia were worth $5,067,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Maseco LLP purchased a new stake in shares of Bank of Nova Scotia during the 1st quarter valued at $30,000. Swiss RE Ltd. purchased a new position in shares of Bank of Nova Scotia in the 4th quarter worth about $30,000. Brown Brothers Harriman & Co. purchased a new position in shares of Bank of Nova Scotia in the 4th quarter worth about $34,000. Quarry LP bought a new position in Bank of Nova Scotia during the third quarter valued at about $35,000. Finally, Virtus Advisers LLC purchased a new stake in Bank of Nova Scotia during the third quarter worth about $39,000. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Down 2.6%

BNS stock opened at $86.08 on Thursday. The stock has a fifty day moving average of $84.82 and a 200-day moving average of $77.84. Bank of Nova Scotia has a fifty-two week low of $55.21 and a fifty-two week high of $90.47. The company has a market capitalization of $105.44 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.09 and a beta of 1.11. 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 (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, beating 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 firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.52 EPS. As a group, equities research analysts predict that Bank of Nova Scotia will post 6.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

BNS has been the topic of several research reports. Royal Bank Of Canada lifted their price objective 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 reissued a “buy (b)” rating on shares of Bank of Nova Scotia in a research report on Friday, May 22nd. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $117.00.

Bank of Nova Scotia 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.