Bank N S Halifax (BNS) Holder Guardian Capital LP Has Increased Its Position

October 2, 2018 - By Peter Kolinski

The Bank of Nova Scotia (NYSE:BNS) Logo

Guardian Capital Lp increased its stake in Bank N S Halifax (BNS) by 0.83% based on its latest 2018Q2 regulatory filing with the SEC. Guardian Capital Lp bought 55,610 shares as the company’s stock declined 1.54% while stock markets rallied. The institutional investor held 6.76M shares of the major banks company at the end of 2018Q2, valued at $382.82M, up from 6.70 million at the end of the previous reported quarter. Guardian Capital Lp who had been investing in Bank N S Halifax for a number of months, seems to be bullish on the $72.57B market cap company. The stock increased 0.83% or $0.49 during the last trading session, reaching $59.47. About 762,928 shares traded or 10.81% up from the average. The Bank of Nova Scotia (NYSE:BNS) has declined 8.86% since October 2, 2017 and is downtrending. It has underperformed by 24.48% the S&P500.

Guardian Capital Lp, which manages about $5.91 billion US Long portfolio, decreased its stake in Cdn Imperial Bk Comm Toronto (NYSE:CM) by 46,210 shares to 1.26M shares, valued at $109.49 million in 2018Q2, according to the filing. It also reduced its holding in Dominion Energy Inc (NYSE:D) by 108,697 shares in the quarter, leaving it with 3,249 shares, and cut its stake in British Amern Tob Plc (NYSEMKT:BTI).

More important recent The Bank of Nova Scotia (NYSE:BNS) news were published by: Fool.ca which released: “CIBC (TSX:CM) vs. Bank of Nova Scotia (TSX:BNS): Which Is the Better Bank for Your Buck?” on September 29, 2018, also Fool.ca published article titled: “2 Dividend-Growth Stocks to Buy and Hold in Your TFSA”, Fool.ca published: “Watch Out for the Next Emerging Markets Crisis” on October 01, 2018. More interesting news about The Bank of Nova Scotia (NYSE:BNS) was released by: Nasdaq.com and their article: “New Research Coverage Highlights Randgold Resources, California Water Service Group Holding, B&G Foods …” with publication date: September 27, 2018.

The Bank of Nova Scotia (NYSE:BNS) Ratings Coverage

Among 2 analysts covering Bank of Nova Scotia (NYSE:BNS), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Bank of Nova Scotia had 2 analyst reports since June 5, 2018 according to SRatingsIntel. Canaccord Genuity downgraded The Bank of Nova Scotia (NYSE:BNS) on Wednesday, August 29 to “Hold” rating. Bank of America downgraded The Bank of Nova Scotia (NYSE:BNS) on Tuesday, June 5 to “Neutral” rating.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>