Bank of Nova Scotia (BNS) : Toron Capital Markets reduced its stake in Bank of Nova Scotia by 4.98% during the most recent quarter end. The investment management company now holds a total of 2,276,022 shares of Bank of Nova Scotia which is valued at $109,522,179 after selling 119,161 shares in Bank of Nova Scotia , the firm said in a disclosure report filed with the SEC on May 2, 2016.Bank of Nova Scotia makes up approximately 6.54% of Toron Capital Markets’s portfolio.
Bank of Nova Scotia opened for trading at $47.78 and hit $48.16 on the upside on Friday, eventually ending the session at $48.12, with a gain of 0.04% or 0.02 points. The heightened volatility saw the trading volume jump to 10,73,374 shares. Company has a market cap of $57,869 M.
Other Hedge Funds, Including , Kassirer Asset Management Corp added BNS to its portfolio by purchasing 9,253 company shares during the most recent quarter which is valued at $445,254. Bank of Nova Scotia makes up approx 0.53% of Kassirer Asset Management Corp’s portfolio. Cedar Wealth Management added BNS to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $20,980. Bank of Nova Scotia makes up approx 0.01% of Cedar Wealth Management’s portfolio.Hl Financial Services reduced its stake in BNS by selling 7,843 shares or 43.62% in the most recent quarter. The Hedge Fund company now holds 10,136 shares of BNS which is valued at $531,633. Bank of Nova Scotia makes up approx 0.01% of Hl Financial Services’s portfolio.Next Financial Group Inc boosted its stake in BNS in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 1,125 shares of Bank of Nova Scotia which is valued at $57,994. Bank of Nova Scotia makes up approx 0.02% of Next Financial Group Inc’s portfolio.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.
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 Scotiabanks 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.