146,140 Shares in The Bank of Nova Scotia (NYSE:BNS) Acquired by Achmea Investment Management B.V.

Achmea Investment Management B.V. acquired a new position in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 146,140 shares of the bank's stock, valued at approximately $7,844,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BNS. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Bank of Nova Scotia by 260.1% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 5,480,486 shares of the bank's stock worth $298,575,000 after acquiring an additional 3,958,580 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Bank of Nova Scotia by 24.9% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank's stock worth $640,624,000 after acquiring an additional 2,346,995 shares during the last quarter. Toronto Dominion Bank raised its holdings in shares of Bank of Nova Scotia by 9.6% in the 3rd quarter. Toronto Dominion Bank now owns 24,990,868 shares of the bank's stock worth $1,361,752,000 after acquiring an additional 2,195,604 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Bank of Nova Scotia by 17.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,438,129 shares of the bank's stock worth $241,981,000 after acquiring an additional 660,097 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Bank of Nova Scotia by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 5,640,471 shares of the bank's stock worth $310,817,000 after acquiring an additional 524,496 shares during the last quarter. Institutional investors and hedge funds own 49.13% of the company's stock.

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Bank of Nova Scotia Stock Performance

Shares of NYSE:BNS traded down $0.44 during mid-day trading on Tuesday, reaching $48.32. The company had a trading volume of 1,512,818 shares, compared to its average volume of 1,599,688. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The firm has a market cap of $60.19 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.16 and a beta of 1.11. The company's 50-day moving average price is $50.43 and its 200-day moving average price is $52.48. The Bank of Nova Scotia has a one year low of $43.68 and a one year high of $57.07.

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a $0.7415 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a dividend yield of 6.14%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 82.77%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays upgraded shares of Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a report on Thursday, November 21st. Royal Bank of Canada dropped their target price on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. CIBC reissued a "neutral" rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, UBS Group raised shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $75.50.

About Bank of Nova Scotia

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.