Canada Pension Plan Investment Board cut its position in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,948,274 shares of the bank’s stock after selling 364,200 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.16% of Bank of Nova Scotia (The) worth $124,936,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Bollard Group LLC increased its position in shares of Bank of Nova Scotia (The) by 6.8% during the 3rd quarter. Bollard Group LLC now owns 46,076 shares of the bank’s stock valued at $2,960,000 after purchasing an additional 2,929 shares during the last quarter. K.J. Harrison & Partners Inc increased its position in shares of Bank of Nova Scotia (The) by 8.9% during the 3rd quarter. K.J. Harrison & Partners Inc now owns 64,366 shares of the bank’s stock valued at $4,126,000 after purchasing an additional 5,263 shares during the last quarter. Intact Investment Management Inc. increased its position in shares of Bank of Nova Scotia (The) by 241.9% during the 3rd quarter. Intact Investment Management Inc. now owns 549,925 shares of the bank’s stock valued at $44,103,000 after purchasing an additional 389,100 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Bank of Nova Scotia (The) during the 3rd quarter valued at about $15,116,000. Finally, Baskin Financial Services Inc. increased its position in shares of Bank of Nova Scotia (The) by 1.9% during the 3rd quarter. Baskin Financial Services Inc. now owns 258,980 shares of the bank’s stock valued at $16,602,000 after purchasing an additional 4,802 shares during the last quarter. Hedge funds and other institutional investors own 46.48% of the company’s stock.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.38). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. During the same period in the prior year, the company posted $1.54 EPS.

Read more @Stock News Times