Charles Schwab Investment Management Inc. Has $204.21 Million Holdings in The Bank of Nova Scotia (NYSE:BNS)

Charles Schwab Investment Management Inc. grew its holdings in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 4.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,744,062 shares of the bank's stock after acquiring an additional 150,247 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.30% of Bank of Nova Scotia worth $204,214,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BNS. Pathway Financial Advisers LLC grew its position in shares of Bank of Nova Scotia by 5,380.9% during the 3rd quarter. Pathway Financial Advisers LLC now owns 3,972,234 shares of the bank's stock worth $216,447,000 after purchasing an additional 3,899,760 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Bank of Nova Scotia in the 2nd quarter valued at $120,463,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Bank of Nova Scotia by 2,455.8% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,521,906 shares of the bank's stock valued at $69,627,000 after acquiring an additional 1,462,360 shares during the period. Nicola Wealth Management LTD. increased its position in shares of Bank of Nova Scotia by 53.3% in the second quarter. Nicola Wealth Management LTD. now owns 2,300,000 shares of the bank's stock worth $105,156,000 after purchasing an additional 800,000 shares during the period. Finally, Mackenzie Financial Corp raised its stake in Bank of Nova Scotia by 4.7% in the second quarter. Mackenzie Financial Corp now owns 15,091,880 shares of the bank's stock valued at $690,438,000 after purchasing an additional 683,946 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BNS. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. UBS Group upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research note on Monday, November 18th. TD Securities upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Barclays upgraded Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research report on Thursday. Finally, Cibc World Mkts raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $69.00.

Bank of Nova Scotia Trading Up 0.4 %

Bank of Nova Scotia stock traded up $0.23 during trading hours on Friday, hitting $56.45. The stock had a trading volume of 754,658 shares, compared to its average volume of 1,357,378. The business's 50 day simple moving average is $53.42 and its 200-day simple moving average is $49.42. The Bank of Nova Scotia has a one year low of $41.80 and a one year high of $56.71. The stock has a market cap of $70.25 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 1.51 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last issued its quarterly earnings data on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.62 by $0.01. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter last year, the business earned $1.30 EPS. The firm's quarterly revenue was up 3.7% on a year-over-year basis. On average, equities analysts predict that The Bank of Nova Scotia will post 4.53 EPS for the current fiscal year.

Bank of Nova Scotia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were paid a $0.768 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $3.07 annualized dividend and a dividend yield of 5.44%. Bank of Nova Scotia's dividend payout ratio is 74.88%.

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.