The Bank of Nova Scotia (NYSE:BNS) Shares Sold by Prospera Financial Services Inc

Prospera Financial Services Inc reduced its stake in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 19.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,402 shares of the bank’s stock after selling 1,068 shares during the period. Prospera Financial Services Inc’s holdings in Bank of Nova Scotia were worth $240,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BNS. Mather Group LLC. raised its stake in Bank of Nova Scotia by 1,388.9% in the 2nd quarter. Mather Group LLC. now owns 536 shares of the bank’s stock worth $25,000 after acquiring an additional 500 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Bank of Nova Scotia by 3,127.8% in the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock worth $27,000 after purchasing an additional 563 shares during the last quarter. City State Bank acquired a new stake in shares of Bank of Nova Scotia during the third quarter worth about $57,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Bank of Nova Scotia by 102.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock worth $83,000 after purchasing an additional 811 shares during the period. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Bank of Nova Scotia in the second quarter valued at approximately $104,000. 49.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Cibc World Mkts raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Barclays upgraded Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Finally, TD Securities upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.00.

Bank of Nova Scotia Trading Up 0.2 %

BNS stock opened at $56.55 on Tuesday. The Bank of Nova Scotia has a 52-week low of $41.80 and a 52-week high of $56.79. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The firm has a market cap of $70.37 billion, a P/E ratio of 13.53, a PEG ratio of 1.52 and a beta of 1.05. The company’s 50-day simple moving average is $53.49 and its 200-day simple moving average is $49.49.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.53 billion. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. Bank of Nova Scotia’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.30 earnings per share. As a group, equities analysts forecast that The Bank of Nova Scotia will post 4.53 EPS for the current fiscal year.

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.