Euro Pacific Asset Management LLC Has $9.80 Million Stock Position in Bank of Nova Scotia (The) $BNS

Euro Pacific Asset Management LLC lowered its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 0.7% during the second quarter, HoldingsChannel reports. The firm owned 177,224 shares of the bank’s stock after selling 1,239 shares during the period. Bank of Nova Scotia accounts for approximately 1.6% of Euro Pacific Asset Management LLC’s holdings, making the stock its 20th biggest position. Euro Pacific Asset Management LLC’s holdings in Bank of Nova Scotia were worth $9,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA acquired a new stake in shares of Bank of Nova Scotia during the first quarter valued at approximately $52,000. Independence Bank of Kentucky lifted its holdings in shares of Bank of Nova Scotia by 38.4% in the first quarter. Independence Bank of Kentucky now owns 1,175 shares of the bank’s stock valued at $56,000 after purchasing an additional 326 shares in the last quarter. MAI Capital Management boosted its position in shares of Bank of Nova Scotia by 40.7% in the first quarter. MAI Capital Management now owns 1,211 shares of the bank’s stock worth $57,000 after buying an additional 350 shares during the period. SVB Wealth LLC purchased a new position in shares of Bank of Nova Scotia during the first quarter valued at $69,000. Finally, North Capital Inc. acquired a new position in Bank of Nova Scotia during the first quarter valued at $81,000. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Bank of Nova Scotia Stock Performance

BNS stock opened at $65.24 on Monday. The firm has a 50 day moving average of $60.66 and a two-hundred day moving average of $54.71. Bank of Nova Scotia has a 12 month low of $44.09 and a 12 month high of $65.52. The company has a market capitalization of $80.94 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.49 and a beta of 1.16. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.66.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 26th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.09. The business had revenue of $6.85 billion during the quarter, compared to analyst estimates of $9.29 billion. Bank of Nova Scotia had a net margin of 9.74% and a return on equity of 11.61%. Bank of Nova Scotia’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 EPS. As a group, equities analysts anticipate that Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on BNS shares. Wall Street Zen raised Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Bank of Nova Scotia in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada increased their target price on shares of Bank of Nova Scotia from $80.00 to $86.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 27th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.00.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.