Andra AP fonden Invests $489,000 in The Bank of Nova Scotia (NYSE:BNS)

Andra AP fonden acquired a new position in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,100 shares of the bank's stock, valued at approximately $489,000.

Several other large investors have also recently bought and sold shares of the business. Allworth Financial LP grew its stake in shares of Bank of Nova Scotia by 121.1% during the 4th quarter. Allworth Financial LP now owns 639 shares of the bank's stock worth $33,000 after purchasing an additional 350 shares during the period. BNP Paribas Financial Markets increased its holdings in Bank of Nova Scotia by 1,588.2% in the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank's stock valued at $47,000 after buying an additional 810 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Bank of Nova Scotia during the 4th quarter valued at approximately $73,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Bank of Nova Scotia during the 3rd quarter worth approximately $111,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Bank of Nova Scotia by 11.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank's stock worth $148,000 after acquiring an additional 288 shares during the period. Hedge funds and other institutional investors own 49.13% of the company's stock.

Analyst Upgrades and Downgrades

BNS has been the topic of a number of research analyst reports. Canaccord Genuity Group upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. UBS Group raised shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research note on Monday, November 18th. Barclays upgraded shares of Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research report on Thursday, November 21st. Cibc World Mkts lowered shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, CIBC restated a "neutral" rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Bank of Nova Scotia has a consensus rating of "Hold" and a consensus price target of $75.50.

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Bank of Nova Scotia Trading Down 0.7 %

Shares of NYSE BNS traded down $0.35 during midday trading on Thursday, reaching $47.24. 828,912 shares of the stock were exchanged, compared to its average volume of 1,820,881. 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 company has a market capitalization of $58.83 billion, a P/E ratio of 10.93, a P/E/G ratio of 1.16 and a beta of 1.11. The stock has a 50 day moving average price of $50.76 and a 200-day moving average price of $52.49. The Bank of Nova Scotia has a 52-week low of $43.67 and a 52-week high of $57.07.

Bank of Nova Scotia Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 annualized dividend and a yield of 6.28%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 82.77%.

Bank of Nova Scotia Company Profile

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.