Quantbot Technologies LP Buys New Holdings in Bank of Nova Scotia (The) (BNS)

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.

Institutional Ownership by Quarter for Bank of Nova Scotia (The) (NYSE:BNS)

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