DekaBank Deutsche Girozentrale increased its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,769 shares of the bank’s stock after acquiring an additional 6,900 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Bank of Nova Scotia (The) were worth $18,438,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Fiduciary Trust Co. purchased a new position in Bank of Nova Scotia (The) in the second quarter worth about $102,000. IFP Advisors Inc raised its holdings in Bank of Nova Scotia (The) by 46.7% in the second 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 purchased a new position in Bank of Nova Scotia (The) in the third quarter worth about $202,000. Quantum Capital Management purchased a new position in Bank of Nova Scotia (The) in the second quarter worth about $205,000. Finally, Cetera Investment Advisers purchased a new position in Bank of Nova Scotia (The) in the second quarter worth about $207,000. 46.51% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have issued reports on BNS shares. Zacks Investment Research cut shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. Canaccord Genuity set a $87.00 target price on shares of Bank of Nova Scotia (The) and gave the stock a “buy” rating in a report on Tuesday, August 29th. Scotiabank reaffirmed a “buy” rating and issued a $88.00 target price on shares of Bank of Nova Scotia (The) in a report on Wednesday, August 30th. BidaskClub raised shares of Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a report on Friday, August 18th. Finally, Macquarie assumed coverage on shares of Bank of Nova Scotia (The) in a report on Tuesday, October 24th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. Bank of Nova Scotia (The) has a consensus rating of “Buy” and an average target price of $83.20.
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Bank of Nova Scotia (NYSE:BNS) traded up $0.70 on Thursday, hitting $65.86. 41,623 shares of the stock traded hands, compared to its average volume of 699,136. Bank of Nova Scotia has a 1 year low of $51.93 and a 1 year high of $65.99. The stock has a market capitalization of $78,710.00, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.51 and a beta of 1.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the Zacks’ 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 business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the company posted $1.54 earnings per share. equities analysts predict that Bank of Nova Scotia will post 5.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were issued a dividend of $0.6294 per share. This is a boost from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. This represents a $2.52 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Monday, October 2nd. Bank of Nova Scotia (The)’s dividend payout ratio is currently 48.91%.
About Bank of Nova Scotia (The)
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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