Bank of Nova Scotia (BNS) : Matterhorn Capital Management reduced its stake in Bank of Nova Scotia by 42.78% during the most recent quarter end. The investment management company now holds a total of 15,235 shares of Bank of Nova Scotia which is valued at $765,559 after selling 11,389 shares in Bank of Nova Scotia , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Bank of Nova Scotia makes up approximately 0.48% of Matterhorn Capital Management’s portfolio.
Other Hedge Funds, Including , Cibc Asset Management Inc reduced its stake in BNS by selling 73,249 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 11,725,636 shares of BNS which is valued at $589,213,209. Bank of Nova Scotia makes up approx 4.33% of Cibc Asset Management Inc’s portfolio.Todd Asset Management boosted its stake in BNS in the latest quarter, The investment management firm added 194,181 additional shares and now holds a total of 286,695 shares of Bank of Nova Scotia which is valued at $14,406,424. Bank of Nova Scotia makes up approx 0.44% of Todd Asset Management’s portfolio.Meag Munich Ergo Kapitalanlagegesellschaft Mbh boosted its stake in BNS in the latest quarter, The investment management firm added 17,000 additional shares and now holds a total of 227,000 shares of Bank of Nova Scotia which is valued at $11,524,790. Bank of Nova Scotia makes up approx 1.01% of Meag Munich Ergo Kapitalanlagegesellschaft Mbh’s portfolio.Gw Henssler Associates Ltd boosted its stake in BNS in the latest quarter, The investment management firm added 4,145 additional shares and now holds a total of 40,775 shares of Bank of Nova Scotia which is valued at $2,070,147. Bank of Nova Scotia makes up approx 0.23% of Gw Henssler Associates Ltd’s portfolio.
Bank of Nova Scotia opened for trading at $50.45 and hit $50.86 on the upside on Monday, eventually ending the session at $50.65, with a gain of 0.58% or 0.29 points. The heightened volatility saw the trading volume jump to 5,31,751 shares. Company has a market cap of $60,918 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.