Intech Investment Management 13F: Adds $728K to BNS Stake

Intech Investment Management has increased its holdings in The Bank of Nova Scotia (NYSE: BNS) according to its latest Form 13F filing with the SEC. As of May 8, 2026, the firm boosted its position by 8,386 shares, or 1.02%, bringing its total to 830,164 shares. The stake is now valued at approximately $69.73 million.

What Changed in Intech Investment Management's The Bank of Nova Scotia Position

Intech Investment Management's latest filing reveals a modest increase in its stake in The Bank of Nova Scotia. The firm added 8,386 shares, pushing its total to 830,164 shares, up from 821,778 shares previously. This represents a 1.02% increase in their position, with the shares valued at about $69.73 million.

Other Institutional Activity in The Bank of Nova Scotia

Several other institutional investors have adjusted their positions in The Bank of Nova Scotia. Royal Bank of Canada reduced its holdings by 10,013,275 shares, ending with 71,847,668 shares valued at roughly $4.98 billion. Bank of Montreal trimmed its stake by 1,830,901 shares to 56,069,406 shares, worth approximately $3.89 billion. On the other hand, TD Asset Management Inc increased its holdings by 507,378 shares, bringing its total to 19,181,963 shares, valued at about $1.33 billion. CIBC World Market Inc. cut its position by 2,594,320 shares, holding 25,977,781 shares valued at $1.80 billion.

The Bank of Nova Scotia Stock Down 7.7%

Shares of The Bank of Nova Scotia (NYSE: BNS) are trading near $83.99. The company has a market cap of $102.98 billion and a P/E ratio of 16.15. It has a 52-week low of $53.74 and a high of $84.12, with a 50-day moving average of $77.27 and a 200-day moving average of $71.45. The stock's beta is 1.217, indicating a higher volatility compared to the market.

Recent Earnings

The Bank of Nova Scotia reported revenues of $34.22 billion, reflecting a 12.6% growth. The company's net margin stands at 27.91%, with a return on equity of 11.04%. Earnings per share (EPS) is reported at $5.20. The next earnings report is expected on August 25, 2026.

Dividend

The Bank of Nova Scotia offers an annual dividend rate of $3.30, yielding 3.93%. The dividend payout ratio is 60.69%, providing a steady income stream for investors.

Analysts Set New Price Targets

On May 28, 2026, RBC Capital maintained its 'hold' rating for The Bank of Nova Scotia with a price target of $117. The consensus among analysts is a 'hold' rating, with a mean target price of $79.70 based on three analyst opinions.

About The Bank of Nova Scotia

The Bank of Nova Scotia, headquartered in Toronto, Canada, is a diversified financial services provider. It offers a range of banking products and services in Canada, the U.S., and several other countries. The company operates through segments including Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. It provides financial advice, banking products, and wealth management services to individuals and businesses. Led by CEO Mr. L. Scott Thomson, the bank employs over 80,000 people.

Bottom Line

Intech Investment Management's decision to increase its stake in The Bank of Nova Scotia signals confidence in the bank's prospects. While the 13F filings give a snapshot of past holdings, they may not reflect the current positions of investors. The Bank of Nova Scotia continues to be a significant player in the financial services sector, offering growth potential and a reliable dividend yield.