Charles Schwab Investment Management Inc. increased its holdings in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,820,344 shares of the bank's stock after acquiring an additional 76,282 shares during the period. Charles Schwab Investment Management Inc. owned about 0.31% of Bank of Nova Scotia worth $205,048,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Toronto Dominion Bank raised its stake in shares of Bank of Nova Scotia by 9.6% in the third quarter. Toronto Dominion Bank now owns 24,990,868 shares of the bank's stock worth $1,361,752,000 after purchasing an additional 2,195,604 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in 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 valued at $640,624,000 after buying an additional 2,346,995 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Bank of Nova Scotia by 1.8% during the 4th quarter. CIBC Asset Management Inc now owns 10,259,279 shares of the bank's stock valued at $551,766,000 after acquiring an additional 184,761 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Bank of Nova Scotia by 10.3% during 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. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake 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 in the last quarter. Institutional investors own 49.13% of the company's stock.
Analyst Ratings Changes
A number of research firms recently weighed in on BNS. 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. CIBC reissued a "neutral" rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. UBS Group raised Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research report on Monday, November 18th. Canaccord Genuity Group upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Bank of America upgraded Bank of Nova Scotia from a "neutral" 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 assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $75.50.
Check Out Our Latest Report on Bank of Nova Scotia
Bank of Nova Scotia Stock Performance
NYSE BNS traded down $0.49 on Monday, hitting $47.86. 1,352,175 shares of the stock traded hands, compared to its average volume of 1,856,593. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The business's fifty day moving average is $51.13 and its two-hundred day moving average is $52.52. The Bank of Nova Scotia has a 12 month low of $43.67 and a 12 month high of $57.07. The firm has a market capitalization of $59.60 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 1.16 and a beta of 1.11.
Bank of Nova Scotia Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.7415 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.97 annualized dividend and a dividend yield of 6.20%. Bank of Nova Scotia's payout ratio is 82.77%.
About Bank of Nova Scotia
(
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.
Featured Stories
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 what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
