Investment Management Corp of Ontario Has $10.52 Million Holdings in The Bank of Nova Scotia (NYSE:BNS)

Investment Management Corp of Ontario decreased its holdings in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 193,043 shares of the bank’s stock after selling 2,366 shares during the quarter. Investment Management Corp of Ontario’s holdings in Bank of Nova Scotia were worth $10,519,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BNS. Mather Group LLC. grew its position in Bank of Nova Scotia by 1,388.9% during the second quarter. Mather Group LLC. now owns 536 shares of the bank’s stock worth $25,000 after buying an additional 500 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Bank of Nova Scotia by 3,127.8% during the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after purchasing an additional 563 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Bank of Nova Scotia by 1,588.2% in the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock worth $47,000 after purchasing an additional 810 shares in the last quarter. City State Bank purchased a new position in Bank of Nova Scotia during the third quarter valued at approximately $57,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Bank of Nova Scotia by 102.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock worth $83,000 after acquiring an additional 811 shares during the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on BNS shares. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. Bank of America raised Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Tuesday, November 19th. UBS Group upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $70.00.

Bank of Nova Scotia Trading Down 0.4 %

NYSE BNS opened at $56.77 on Tuesday. The stock has a 50 day moving average of $53.78 and a 200-day moving average of $49.73. The Bank of Nova Scotia has a 12 month low of $43.67 and a 12 month high of $57.07. The company has a market cap of $70.65 billion, a PE ratio of 13.58, a PEG ratio of 1.46 and a beta of 1.07. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.