Quantbot Technologies LP bought a new position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,838 shares of the bank’s stock, valued at approximately $953,000.
A number of other institutional investors also recently added to or reduced their stakes in the business. Fiduciary Trust Co. bought a new position in shares of Bank of Nova Scotia (The) during the second quarter valued at $102,000. IFP Advisors Inc lifted its holdings in shares of Bank of Nova Scotia (The) by 46.7% during the second quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock valued at $125,000 after purchasing an additional 661 shares in the last quarter. ARP Americas LLC bought a new position in shares of Bank of Nova Scotia (The) during the third quarter valued at $202,000. Quantum Capital Management bought a new position in shares of Bank of Nova Scotia (The) during the second quarter valued at $205,000. Finally, Cetera Investment Advisers bought a new position in shares of Bank of Nova Scotia (The) during the second quarter valued at $207,000. 46.75% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on BNS shares. BidaskClub downgraded Bank of Nova Scotia (The) from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Macquarie started coverage on Bank of Nova Scotia (The) in a report on Tuesday, October 24th. They set an “outperform” rating on the stock. Canaccord Genuity set a $87.00 price target on Bank of Nova Scotia (The) and gave the company a “buy” rating in a report on Tuesday, August 29th. Scotiabank reaffirmed a “buy” rating and set a $88.00 price target on shares of Bank of Nova Scotia (The) in a report on Wednesday, August 30th. Finally, Zacks Investment Research downgraded Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $83.20.
Bank of Nova Scotia (NYSE BNS) opened at $65.82 on Wednesday. Bank of Nova Scotia has a 1-year low of $53.54 and a 1-year high of $66.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $78,810.00, a PE ratio of 13.53, a price-to-earnings-growth ratio of 1.56 and a beta of 1.27.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, August 29th. The bank reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $5.28 billion. During the same period in the prior year, the company posted $1.54 EPS. equities research analysts forecast that Bank of Nova Scotia will post 5.18 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were issued a $0.6294 dividend. This is an increase from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. The ex-dividend date was Monday, October 2nd. This represents a $2.52 dividend on an annualized basis and a yield of 3.82%. Bank of Nova Scotia (The)’s dividend payout ratio is currently 49.10%.
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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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