Dorchester Wealth Management Co buys $23,520,409 stake in Bank of Nova Scotia (BNS)

Bank of Nova Scotia (BNS) : Dorchester Wealth Management Co scooped up 12,230 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 18, 2016. The investment management firm now holds a total of 456,264 shares of Bank of Nova Scotia which is valued at $23,520,409.Bank of Nova Scotia makes up approximately 8.61% of Dorchester Wealth Management Co’s portfolio.

Bank of Nova Scotia opened for trading at $51.42 and hit $51.91 on the upside on Friday, eventually ending the session at $51.55, with a gain of 0.92% or 0.47 points. The heightened volatility saw the trading volume jump to 6,67,094 shares. Company has a market cap of $61,994 M.

Other Hedge Funds, Including , Davis R M Inc reduced its stake in BNS by selling 2,800 shares or 14.84% in the most recent quarter. The Hedge Fund company now holds 16,065 shares of BNS which is valued at $828,151. Bank of Nova Scotia makes up approx 0.04% of Davis R M Inc’s portfolio. Simplex Trading sold out all of its stake in BNS during the most recent quarter. The investment firm sold 697 shares of BNS which is valued $34,508. Benjamin F. Edwards Company added BNS to its portfolio by purchasing 350 company shares during the most recent quarter which is valued at $17,329.Hexavest boosted its stake in BNS in the latest quarter, The investment management firm added 44,087 additional shares and now holds a total of 353,535 shares of Bank of Nova Scotia which is valued at $17,503,518. Bank of Nova Scotia makes up approx 0.27% of Hexavest’s portfolio.Capstone Asset Management Co reduced its stake in BNS by selling 2,027 shares or 0.75% in the most recent quarter. The Hedge Fund company now holds 267,411 shares of BNS which is valued at $13,239,519. Bank of Nova Scotia makes up approx 0.38% of Capstone Asset Management Co’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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