J. Safra Sarasin Holding AG Has $850,000 Stock Position in Bank of Nova Scotia (The) $BNS

J. Safra Sarasin Holding AG increased its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 63.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,395 shares of the bank’s stock after acquiring an additional 5,997 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Bank of Nova Scotia were worth $850,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA bought a new stake in Bank of Nova Scotia in the first quarter worth approximately $52,000. Independence Bank of Kentucky increased its holdings in 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 worth $56,000 after purchasing an additional 326 shares in the last quarter. MAI Capital Management increased its holdings in 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 purchasing an additional 350 shares in the last quarter. SVB Wealth LLC bought a new stake in Bank of Nova Scotia in the first quarter worth approximately $69,000. Finally, North Capital Inc. bought a new stake in Bank of Nova Scotia in the first quarter worth approximately $81,000. 49.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Bank of Nova Scotia Trading Up 0.3%

NYSE BNS opened at $65.24 on Friday. The company has a market cap 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. Bank of Nova Scotia has a 52 week low of $44.09 and a 52 week high of $65.52. The business has a 50 day moving average price of $60.66 and a 200-day moving average price of $54.66. 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 EPS for the quarter, beating the consensus estimate of $1.28 by $0.09. The firm had revenue of $6.85 billion during the quarter, compared to the consensus estimate of $9.29 billion. Bank of Nova Scotia had a return on equity of 11.61% and a net margin of 9.74%.The company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. As a group, equities analysts expect that Bank of Nova Scotia will post 4.91 earnings per share for the current fiscal year.

About Bank of Nova Scotia

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.