Bradley Foster & Sargent Inc. CT cut its holdings in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 16,420 shares of the bank’s stock after selling 1,700 shares during the period. Bradley Foster & Sargent Inc. CT owned 1,370.38% of Bank of Nova Scotia (The) worth $1,055,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Fiduciary Trust Co. acquired a new position in Bank of Nova Scotia (The) in the 2nd quarter valued at $102,000. IFP Advisors Inc increased its holdings in shares of Bank of Nova Scotia (The) by 46.7% during the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock worth $125,000 after buying an additional 661 shares during the last quarter. ARP Americas LLC acquired a new stake in shares of Bank of Nova Scotia (The) during the 3rd quarter worth $202,000. Quantum Capital Management acquired a new stake in shares of Bank of Nova Scotia (The) during the 2nd quarter worth $205,000. Finally, Cetera Investment Advisers acquired a new stake in shares of Bank of Nova Scotia (The) during the 2nd quarter worth $207,000. Institutional investors own 46.47% of the company’s stock.
Bank of Nova Scotia (NYSE BNS) traded down $0.36 on Friday, reaching $65.58. 23,522 shares of the company traded hands, compared to its average volume of 701,837. Bank of Nova Scotia has a 52-week low of $51.21 and a 52-week high of $65.99. The firm has a market capitalization of $78,842.16, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.38). Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the previous year, the business posted $1.54 EPS. equities analysts anticipate that Bank of Nova Scotia will post 5.22 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were paid a $0.6294 dividend. The ex-dividend date of this dividend was Monday, October 2nd. This represents a $2.52 annualized dividend and a dividend yield of 3.84%. This is a positive change from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. Bank of Nova Scotia (The)’s dividend payout ratio (DPR) is presently 50.62%.
A number of analysts recently weighed in on the stock. BidaskClub cut shares of Bank of Nova Scotia (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Macquarie assumed coverage on shares of Bank of Nova Scotia (The) in a research report on Tuesday, October 24th. They set an “outperform” rating for the company. Zacks Investment Research raised shares of Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Tuesday, July 18th. Canaccord Genuity set a $87.00 price target on shares of Bank of Nova Scotia (The) and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Finally, Scotiabank reaffirmed a “buy” rating and set a $88.00 price target on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $83.20.
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Bank of Nova Scotia (The) Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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