Aviso Financial Inc. boosted its holdings in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,013 shares of the bank's stock after buying an additional 36,128 shares during the period. Bank of Nova Scotia makes up about 0.9% of Aviso Financial Inc.'s holdings, making the stock its 28th biggest position. Aviso Financial Inc.'s holdings in Bank of Nova Scotia were worth $18,630,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of BNS. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Bank of Nova Scotia in the 4th quarter valued at about $31,000. Allworth Financial LP increased its stake in Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank's stock valued at $33,000 after buying an additional 350 shares during the period. BNP Paribas Financial Markets lifted its position in Bank of Nova Scotia by 1,588.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank's stock worth $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 $73,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Bank of Nova Scotia during the 3rd quarter valued at $111,000. 49.13% of the stock is owned by hedge funds and other institutional investors.
Bank of Nova Scotia Stock Performance
Shares of BNS stock traded down $0.44 during 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 market capitalization of $60.19 billion, a PE ratio of 11.19, a PEG ratio of 1.16 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The firm's 50 day simple moving average is $50.43 and its two-hundred day simple moving average 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.7415 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 6.14%. The ex-dividend date of this dividend is Tuesday, April 1st. Bank of Nova Scotia's payout ratio is 82.77%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on BNS. Bank of America upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a report on Tuesday, November 19th. Barclays raised Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research note on Thursday, November 21st. UBS Group upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a report on Monday, November 18th. 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 report on Wednesday, February 26th. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of "Hold" and a consensus target price of $75.50.
Get Our Latest Stock Report on BNS
Bank of Nova Scotia Company Profile
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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.
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