Smithbridge Asset Management Incde buys $942,863 stake in Bank of Nova Scotia (BNS)

Bank of Nova Scotia (BNS) : Smithbridge Asset Management Incde scooped up 200 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 Oct 14, 2016. The investment management firm now holds a total of 17,650 shares of Bank of Nova Scotia which is valued at $942,863.Bank of Nova Scotia makes up approximately 0.86% of Smithbridge Asset Management Incde’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware boosted its stake in BNS in the latest quarter, The investment management firm added 258 additional shares and now holds a total of 9,471 shares of Bank of Nova Scotia which is valued at $505,941. Bank of Nova Scotia makes up approx 0.05% of Reliance Trust Co Of Delaware’s portfolio.Gulf International Bank (uk) Ltd boosted its stake in BNS in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 369,144 shares of Bank of Nova Scotia which is valued at $19,627,386. Bank of Nova Scotia makes up approx 0.32% of Gulf International Bank (uk) Ltd’s portfolio.British Columbia Investment Management Corp boosted its stake in BNS in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 185,519 shares of Bank of Nova Scotia which is valued at $9,789,838. Bank of Nova Scotia makes up approx 0.10% of British Columbia Investment Management Corp’s portfolio.Cutler Group Lp reduced its stake in BNS by selling 100 shares or 44.84% in the most recent quarter. The Hedge Fund company now holds 123 shares of BNS which is valued at $6,498.

Bank of Nova Scotia opened for trading at $53.48 and hit $53.76 on the upside on Friday, eventually ending the session at $53.42, with a gain of 0.47% or 0.25 points. The heightened volatility saw the trading volume jump to 6,10,041 shares. Company has a market cap of $64,354 M.

On the company’s financial health, Bank of Nova Scotia reported $1.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 30, 2016. Analyst had a consensus of $1.48.Analysts expectations of $ 6602.95.During the same quarter in the previous year, the company posted $1.45 EPS.

Many Wall Street Analysts have commented on Bank of Nova Scotia. Company shares were Reiterated by RBC Capital Mkts on Aug 31, 2016 to “Outperform”, Firm has raised the Price Target to $ 77 from a previous price target of $72 .

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Bank of Nova Scotia - Is it time to Sell?

Top Brokerage Firms are advising their investors on Bank of Nova Scotia. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.