Janus Henderson Group PLC boosted its position in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 7.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,849 shares of the bank's stock after purchasing an additional 11,300 shares during the period. Janus Henderson Group PLC's holdings in Bank of Nova Scotia were worth $8,390,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Mackenzie Financial Corp raised its stake in shares of Bank of Nova Scotia by 4.7% in the 2nd quarter. Mackenzie Financial Corp now owns 15,091,880 shares of the bank's stock valued at $690,438,000 after acquiring an additional 683,946 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of 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 acquiring an additional 2,346,995 shares during the period. CIBC Asset Management Inc raised its stake in shares of Bank of Nova Scotia by 2.4% in the 3rd quarter. CIBC Asset Management Inc now owns 10,074,518 shares of the bank's stock valued at $550,729,000 after acquiring an additional 240,803 shares during the period. Legal & General Group Plc raised its stake in shares of Bank of Nova Scotia by 0.6% in the 2nd quarter. Legal & General Group Plc now owns 9,281,724 shares of the bank's stock valued at $424,497,000 after acquiring an additional 57,796 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised 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 valued at $298,575,000 after acquiring an additional 3,958,580 shares during the period. 49.13% of the stock is owned by hedge funds and other institutional investors.
Bank of Nova Scotia Stock Up 0.1 %
NYSE BNS traded up $0.07 on Monday, hitting $55.85. 1,072,517 shares of the stock were exchanged, compared to its average volume of 1,754,141. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The Bank of Nova Scotia has a fifty-two week low of $43.67 and a fifty-two week high of $57.07. The company has a market cap of $69.50 billion, a PE ratio of 12.93, a PEG ratio of 1.25 and a beta of 1.07. The company has a 50-day moving average price of $53.95 and a 200-day moving average price of $50.06.
Bank of Nova Scotia Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be issued a dividend of $0.7535 per share. This represents a $3.01 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, January 7th. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 72.45%.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on the stock. Barclays upgraded shares of Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a report on Thursday, November 21st. TD Securities upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report 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 report on Friday, September 20th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.
Get Our Latest Report on Bank of Nova Scotia
Bank of Nova Scotia Profile
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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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