Fiera Capital Corp raised its stake in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 326.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,956 shares of the bank's stock after purchasing an additional 61,982 shares during the quarter. Fiera Capital Corp's holdings in Bank of Nova Scotia were worth $4,417,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently added to or reduced their stakes in BNS. Gold Investment Management Ltd. raised its stake in shares of Bank of Nova Scotia by 16.6% in the third quarter. Gold Investment Management Ltd. now owns 129,335 shares of the bank's stock valued at $7,044,000 after acquiring an additional 18,398 shares during the last quarter. Advisors Management Group Inc. ADV raised its stake in shares of Bank of Nova Scotia by 5.6% in the third quarter. Advisors Management Group Inc. ADV now owns 50,716 shares of the bank's stock valued at $2,764,000 after acquiring an additional 2,668 shares during the last quarter. Callahan Advisors LLC bought a new position in shares of Bank of Nova Scotia in the third quarter valued at approximately $256,000. Intact Investment Management Inc. raised its stake in shares of Bank of Nova Scotia by 48.3% in the third quarter. Intact Investment Management Inc. now owns 1,563,594 shares of the bank's stock valued at $85,201,000 after acquiring an additional 509,120 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Bank of Nova Scotia by 28.6% in the third quarter. Van ECK Associates Corp now owns 359,146 shares of the bank's stock valued at $18,819,000 after acquiring an additional 79,854 shares during the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.
Bank of Nova Scotia Trading Down 0.3 %
BNS traded down $0.17 during trading on Friday, reaching $53.93. 862,597 shares of the company's stock were exchanged, compared to its average volume of 1,455,355. The company's fifty day moving average price is $52.62 and its 200-day moving average price is $48.84. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02. The Bank of Nova Scotia has a fifty-two week low of $41.80 and a fifty-two week high of $55.12. The firm has a market capitalization of $66.74 billion, a PE ratio of 12.90, a P/E/G ratio of 1.58 and a beta of 1.05.
Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last released its earnings results on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, topping 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 firm had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.53 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The business's quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts forecast that The Bank of Nova Scotia will post 4.79 EPS for the current year.
Bank of Nova Scotia Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were given a $0.768 dividend. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date was Wednesday, October 2nd. Bank of Nova Scotia's dividend payout ratio is currently 74.88%.
Analyst Ratings Changes
BNS has been the subject of a number of research analyst reports. TD Securities upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Monday, November 4th. Cibc World Mkts upgraded shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $69.00.
Read Our Latest Stock Report on Bank of Nova Scotia
Bank of Nova Scotia Company Profile
(
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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