Aigen Investment Management LP acquired a new stake in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 22,257 shares of the bank's stock, valued at approximately $1,195,000.
A number of other hedge funds have also recently bought and sold shares of the company. Magnus Financial Group LLC boosted its position in Bank of Nova Scotia by 4.1% in the 4th quarter. Magnus Financial Group LLC now owns 5,100 shares of the bank's stock valued at $274,000 after buying an additional 200 shares during the last quarter. Sigma Planning Corp lifted its stake in shares of Bank of Nova Scotia by 1.9% in the 3rd quarter. Sigma Planning Corp now owns 11,089 shares of the bank's stock valued at $604,000 after purchasing an additional 210 shares during the period. Private Advisor Group LLC lifted its stake in shares of Bank of Nova Scotia by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 6,248 shares of the bank's stock valued at $336,000 after purchasing an additional 211 shares during the period. Addison Advisors LLC lifted its stake in shares of Bank of Nova Scotia by 7.3% in the 3rd quarter. Addison Advisors LLC now owns 3,357 shares of the bank's stock valued at $183,000 after purchasing an additional 227 shares during the period. Finally, Merit Financial Group LLC lifted its stake in shares of Bank of Nova Scotia by 5.8% in the 4th quarter. Merit Financial Group LLC now owns 4,905 shares of the bank's stock valued at $264,000 after purchasing an additional 271 shares during the period. 49.13% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on the company. Barclays raised Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research note on Thursday, November 21st. Bank of America raised Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 19th. CIBC reissued a "neutral" rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Cibc World Mkts downgraded Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada dropped their price objective on Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $75.50.
Read Our Latest Stock Analysis on Bank of Nova Scotia
Bank of Nova Scotia Trading Up 0.4 %
Bank of Nova Scotia stock traded up $0.18 during mid-day trading on Friday, hitting $48.33. 1,310,440 shares of the company's stock were exchanged, compared to its average volume of 1,868,030. The firm has a market capitalization of $60.19 billion, a P/E ratio of 11.19, a PEG ratio of 1.16 and a beta of 1.11. The Bank of Nova Scotia has a fifty-two week low of $43.67 and a fifty-two week high of $57.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The company's 50 day simple moving average is $51.13 and its 200-day simple moving average is $52.49.
Bank of Nova Scotia Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be paid a $0.7415 dividend. This represents a $2.97 annualized dividend and a dividend yield of 6.14%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia's dividend payout ratio is 82.77%.
Bank of Nova Scotia Company Profile
(
Free Report)
The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.
See Also
Before you consider Bank of Nova Scotia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.
While Bank of Nova Scotia currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
