Mackenzie Financial Reduces $84M in The Bank of Nova Scotia ($BNS)

Key Points

  • Mackenzie Financial changed its The Bank of Nova Scotia ($BNS) stake by 10.6% last quarter, cutting to 8,645,354 shares worth $714.88 million.
  • Wall Street's consensus rating on $BNS is Hold and an average price target of $79.70.
  • $BNS last traded around $82.69.

Mackenzie Financial reduced its position in The Bank of Nova Scotia ($BNS) by 10.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,645,354 shares of The Bank of Nova Scotia after selling 1,021,646 shares during the quarter. Mackenzie Financial's holdings in The Bank of Nova Scotia were worth $714.88 million as of its most recent filing.

The Bank of Nova Scotia ($BNS) Stock

Last price$82.69
Market cap$102.98B
P/E ratio16.15
Forward P/E12.69
PEG ratio1.26
Beta1.22
52-week low$53.74
52-week high$84.12
50-day MA$77.27
200-day MA$71.45

The Bank of Nova Scotia Earnings

EPS (ttm)$5.20
Revenue (ttm)$34.22B
Revenue growth12.6%
Net margin27.9%
Return on equity11.0%
Next earningsAug 25, 2026

The Bank of Nova Scotia Dividend

Annual dividend$3.30
Dividend yield393.00%
Payout ratio60.7%
Ex-dividend dateJul 7, 2026

Analysts Set New Price Targets

ConsensusHold
Average target$79.70
High target$82.78
Low target$74.65
Analysts covering3

About The Bank of Nova Scotia

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. The company offers financial advice and solutions, and banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and retail automotive financing solutions. It also provides business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses. In addition, it provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternatives, and institutional funds. The company was founded in 1832 and is headquartered in Toronto, Canada.

ExchangeNYSE
SectorFinancial Services
IndustryBanks - Diversified
HeadquartersToronto, ON
CEOMr. L. Scott Thomson
Employees80,415

See Also

This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.