Cidel Asset Management Inc buys $115,197,723 stake in Bank of Nova Scotia (BNS)

Bank of Nova Scotia (BNS) : Cidel Asset Management Inc scooped up 16,470 additional shares in Bank of Nova Scotia during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 2,292,492 shares of Bank of Nova Scotia which is valued at $115,197,723.Bank of Nova Scotia makes up approximately 6.50% of Cidel Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can reduced its stake in BNS by selling 456,243 shares or 3.59% in the most recent quarter. The Hedge Fund company now holds 12,247,589 shares of BNS which is valued at $615,441,347. Bank of Nova Scotia makes up approx 1.80% of Great West Life Assurance Co Can’s portfolio.Msi Financial Services Inc boosted its stake in BNS in the latest quarter, The investment management firm added 37 additional shares and now holds a total of 2,848 shares of Bank of Nova Scotia which is valued at $143,197. Bank of Nova Scotia makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Winslow Evans Crocker boosted its stake in BNS in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 324 shares of Bank of Nova Scotia which is valued at $16,275.Kistler-tiffany Companies reduced its stake in BNS by selling 98 shares or 8.24% in the most recent quarter. The Hedge Fund company now holds 1,092 shares of BNS which is valued at $53,071. Bank of Nova Scotia makes up approx 0.03% of Kistler-tiffany Companies’s portfolio.

Bank of Nova Scotia opened for trading at $50.45 and hit $50.86 on the upside on Monday, eventually ending the session at $50.65, with a gain of 0.58% or 0.29 points. The heightened volatility saw the trading volume jump to 5,31,751 shares. Company has a market cap of $60,918 M.

On the company’s financial health, Bank of Nova Scotia reported $1.46 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 31, 2016. Analyst had a consensus of $1.42.Analysts expectations of $ 6513.28.During the same quarter in the previous year, the company posted $1.42 EPS.

Many Wall Street Analysts have commented on Bank of Nova Scotia. Bank of Nova Scotia was Downgraded by Macquarie to ” Neutral” on Jun 9, 2016.

The Bank of Nova Scotia (the Bank) is a Canada-based diversified financial institution. The Bank offered a range of products and services including retail commercial corporate and investment banking to more than 21 million customers in more than 55 countries around the world. The Bank has four business lines: Canadian Banking International Banking Scotia Capital and Global Wealth Management. The Canadian Banking segment provided a range of banking and investing services to more than 7.7 million customers across Canada through a network of 1190 branches 3869 automated banking machine (ABMs) as well as telephone Internet banking and third-party channels. International Banking includes Scotiabank’s retail and commercial banking operations in more than 55 countries outside Canada. Global Wealth Management (GWM) consists of wealth management insurance and Global Transaction Banking businesses.

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