Cardinal Capital Management buys $2,018,904 stake in Bank of Nova Scotia (BNS)

Bank of Nova Scotia (BNS) : Cardinal Capital Management scooped up 14,262 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 Apr 21, 2016. The investment management firm now holds a total of 39,164 shares of Bank of Nova Scotia which is valued at $2,018,904.Bank of Nova Scotia makes up approximately 0.83% of Cardinal Capital Management’s portfolio.

Bank of Nova Scotia opened for trading at $51.81 and hit $52.13 on the upside on Wednesday, eventually ending the session at $51.86, with a gain of 0.45% or 0.23 points. The heightened volatility saw the trading volume jump to 6,85,884 shares. Company has a market cap of $62,366 M.

Other Hedge Funds, Including , Appleton Partners Incma sold out all of its stake in BNS during the most recent quarter. The investment firm sold 10,563 shares of BNS which is valued $544,523. Daiwa Sb Investments Ltd. sold out all of its stake in BNS during the most recent quarter. The investment firm sold 163,920 shares of BNS which is valued $8,115,679.Rathbone Brothers Plc boosted its stake in BNS in the latest quarter, The investment management firm added 120 additional shares and now holds a total of 258,188 shares of Bank of Nova Scotia which is valued at $12,312,986. Bank of Nova Scotia makes up approx 0.76% of Rathbone Brothers Plc’s portfolio.Kistler-tiffany Companies boosted its stake in BNS in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 1,190 shares of Bank of Nova Scotia which is valued at $56,751. Bank of Nova Scotia makes up approx 0.03% of Kistler-tiffany Companies’s portfolio.

On the company’s financial health, Bank of Nova Scotia reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Mar 1, 2016. Analyst had a consensus of $1.41. The company had revenue of $6365.00 million for the quarter, compared to analysts expectations of $6324.19 million. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 EPS.

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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