Executive Wealth Management LLC Takes Position in The Bank of Nova Scotia (NYSE:BNS)

Executive Wealth Management LLC bought a new position in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 11,352 shares of the bank's stock, valued at approximately $619,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in Bank of Nova Scotia by 1,388.9% during the 2nd quarter. Mather Group LLC. now owns 536 shares of the bank's stock worth $25,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. grew its position in shares of Bank of Nova Scotia by 3,127.8% during the second quarter. Blue Trust Inc. now owns 581 shares of the bank's stock worth $27,000 after buying an additional 563 shares in the last quarter. Headlands Technologies LLC acquired a new position in Bank of Nova Scotia during the first quarter worth about $53,000. City State Bank acquired a new stake in Bank of Nova Scotia during the third quarter valued at approximately $57,000. Finally, EverSource Wealth Advisors LLC boosted its position in Bank of Nova Scotia by 102.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank's stock worth $83,000 after acquiring an additional 811 shares during the period. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia Price Performance

Shares of NYSE BNS traded down $0.17 during trading on Friday, reaching $53.93. The company had a trading volume of 862,597 shares, compared to its average volume of 1,455,355. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average price of $52.62 and a two-hundred day moving average price of $48.82. The Bank of Nova Scotia has a twelve month low of $41.80 and a twelve month high of $55.12. The stock has a market capitalization of $66.74 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last posted its earnings results on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, beating the consensus estimate of $1.62 by $0.01. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.53 billion. During the same period last year, the company earned $1.30 earnings per share. The business's quarterly revenue was up 3.7% on a year-over-year basis. As a group, sell-side analysts predict that The Bank of Nova Scotia will post 4.79 earnings per share for the current year.

Bank of Nova Scotia Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd were issued a dividend of $0.768 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.70%. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 74.88%.

Analyst Upgrades and Downgrades

BNS has been the subject of a number of research analyst reports. Cibc World Mkts raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Friday, September 20th. TD Securities raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.00.

Bank of Nova Scotia 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.