Bank of Nova Scotia (BNS) : Davis-rea Ltd. reduced its stake in Bank of Nova Scotia by 3.43% during the most recent quarter end. The investment management company now holds a total of 146,017 shares of Bank of Nova Scotia which is valued at $7,334,434 after selling 5,189 shares in Bank of Nova Scotia , the firm said in a disclosure report filed with the SEC on Jul 22, 2016.Bank of Nova Scotia makes up approximately 4.75% of Davis-rea Ltd.’s portfolio.
Other Hedge Funds, Including , Highstreet Asset Management reduced its stake in BNS by selling 126,930 shares or 45.29% in the most recent quarter. The Hedge Fund company now holds 153,307 shares of BNS which is valued at $7,700,611. Bank of Nova Scotia makes up approx 2.63% of Highstreet Asset Management’s portfolio.Hexavest reduced its stake in BNS by selling 27,259 shares or 7.71% in the most recent quarter. The Hedge Fund company now holds 326,276 shares of BNS which is valued at $16,512,828. Bank of Nova Scotia makes up approx 0.25% of Hexavest’s portfolio.Davis R M Inc reduced its stake in BNS by selling 600 shares or 3.73% in the most recent quarter. The Hedge Fund company now holds 15,465 shares of BNS which is valued at $782,684. Bank of Nova Scotia makes up approx 0.04% of Davis R M Inc’s portfolio.
Bank of Nova Scotia opened for trading at $50.33 and hit $51.05 on the upside on Friday, eventually ending the session at $50.77, with a gain of 0.65% or 0.33 points. The heightened volatility saw the trading volume jump to 4,73,716 shares. Company has a market cap of $61,063 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 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.