Cidel Asset Management Inc. Sells 30,176 Shares of Bank of Nova Scotia (The) $BNS

Cidel Asset Management Inc. reduced its stake in Bank of Nova Scotia (NYSE:BNS) by 17.2%, selling 30,176 shares and leaving it with 144,976 shares valued at $10.7 million. Despite mixed analyst ratings, with an average “Hold” and a consensus price target of $106, the bank recently surpassed quarterly earnings and revenue expectations. Other institutional investors like Canerector Inc. and CIBC Asset Management Inc. significantly increased their holdings in Scotiabank.

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