Guardian Capital Lp buys $425,908,899 stake in Bank of Nova Scotia (BNS)

Bank of Nova Scotia (BNS) : Guardian Capital Lp scooped up 704,865 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 12, 2016. The investment management firm now holds a total of 8,265,261 shares of Bank of Nova Scotia which is valued at $425,908,899.Bank of Nova Scotia makes up approximately 6.64% of Guardian Capital Lp’s portfolio.

Other Hedge Funds, Including , State Of Tennessee Treasury Department boosted its stake in BNS in the latest quarter, The investment management firm added 196,389 additional shares and now holds a total of 1,738,845 shares of Bank of Nova Scotia which is valued at $89,602,683. Bank of Nova Scotia makes up approx 0.43% of State Of Tennessee Treasury Department’s portfolio.Timber Hill reduced its stake in BNS by selling 1,688 shares or 21.73% in the most recent quarter. The Hedge Fund company now holds 6,080 shares of BNS which is valued at $306,189. Bank of Nova Scotia makes up approx 0.02% of Timber Hill’s portfolio.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.Nn Investment Partners Holdings N.v. reduced its stake in BNS by selling 117 shares or 0.35% in the most recent quarter. The Hedge Fund company now holds 32,948 shares of BNS which is valued at $1,649,047. Bank of Nova Scotia makes up approx 0.02% of Nn Investment Partners Holdings N.v.’s portfolio.

Bank of Nova Scotia closed down -0.14 points or -0.26% at $52.86 with 7,02,296 shares getting traded on Monday. Post opening the session at $52.82, the shares hit an intraday low of $52.75 and an intraday high of $53.02 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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