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Cidel Asset Management boosted its stake in Bank of Nova Scotia, despite the bank missing Q1 earnings estimates.
Cidel Asset Management Inc. increased its holdings in Bank of Nova Scotia (BNS) by 0.2%, acquiring an additional 404 shares to own a total of 173,390 shares, valued at $8,220,000.
BNS recently reported a Q1 EPS of $1.06, missing analyst estimates by $0.08.
The bank has a dividend yield of 5.78% and trades at $55.31, with analysts giving it an average "Hold" rating and a 12-month target price of $81.00.
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Cidel Asset Management aumentó su participación en el Bank of Nova Scotia, a pesar de que el banco no alcanzó las estimaciones de ganancias del primer trimestre.