*Montrusco Bolton Investments INC Maintains Stake in Bank N S Halifax (BNS)

The Bank of Nova Scotia (NYSE:BNS) Corporate Logo

According to 2018Q3 SEC form the Montrusco Bolton Investments Inc rose its stake in Bank N S Halifax (BNS) by 6.75%. The company’s stock sank 5.88% while Montrusco Bolton Investments Inc bought 151,903 shares. At the end of 2018Q3, the 2.40M shares of the major banks company held by the institutional investor were valued at $143.07M, up from 2.25M at the end of the previous reported quarter. $69.08 billion is Bank N S Halifax’s MC. The stock increased 0.95% or $0.53 during the last trading session, reaching $56.47.The Bank of Nova Scotia is downtrending after having declined 16.84% since February 17, 2018. BNS has 981,677 volume or 10.11% up from normal. BNS underperformed the S&P500 by 16.84%.

Montrusco Bolton Investments Inc manages about $6.00 billion and $1.63 billion US Long portfolio. Its stake in Fortis Inc (FRTSF) was decreased by 475,011 shares to 1.30 million shares valued at $42.06M in 2018Q3, according to the filing. Montrusco Bolton Investments Inc has cut its stake in Nutrien Ltd and also reduced its holding in Telus Corp (NYSE:TU) by 124,169 shares in the quarter, for a total of 2.11 million shares.

For more The Bank of Nova Scotia (NYSE:BNS) news announced briefly go to: Seekingalpha.com, Fool.ca, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Bank Of Nova Scotia: Should We Be Concerned About Its Low Growth Rate? – Seeking Alpha” announced on December 18, 2018, “Why Every Canadian Investor Should Have Emerging Markets Exposure – The Motley Fool Canada” on January 26, 2019, “Scotiabank – Beaten Down Is Good – Seeking Alpha” with a publish date: November 29, 2018, “Disruption Is Creating Opportunity In Canadian Banking – Seeking Alpha” and the last “Canadian Banks – Which One To Buy Today – Seeking Alpha” with publication date: October 20, 2018.

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

Total analysts of 6 have positions in Bank of Nova Scotia (NYSE:BNS) as follows: 4 rated it a “Buy”, 0 with “Sell” and 2 with “Hold”. The positive are 67%. Since August 29, 2018 according to StockzIntelligence Inc Bank of Nova Scotia has 6 analyst reports. The stock rating was downgraded by Canaccord Genuity to “Hold” on Wednesday, August 29. On Tuesday, November 27 the stock of The Bank of Nova Scotia (NYSE:BNS) has “Buy” rating given by IBC.

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