Jones Financial Companies Lllp Has $2.35 Million Position in The Bank of Nova Scotia (NYSE:BNS)

Jones Financial Companies Lllp boosted its holdings in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 74.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,814 shares of the bank's stock after purchasing an additional 18,628 shares during the period. Jones Financial Companies Lllp's holdings in Bank of Nova Scotia were worth $2,354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Asahi Life Asset Management CO. LTD. bought a new stake in Bank of Nova Scotia during the fourth quarter worth $373,000. Bailard Inc. lifted its stake in Bank of Nova Scotia by 3.6% during the fourth quarter. Bailard Inc. now owns 15,035 shares of the bank's stock worth $808,000 after purchasing an additional 518 shares during the last quarter. US Bancorp DE lifted its stake in Bank of Nova Scotia by 17.7% during the fourth quarter. US Bancorp DE now owns 99,207 shares of the bank's stock worth $5,329,000 after purchasing an additional 14,926 shares during the last quarter. Mn Services Vermogensbeheer B.V. lifted its stake in Bank of Nova Scotia by 1.5% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 265,200 shares of the bank's stock worth $14,234,000 after purchasing an additional 3,900 shares during the last quarter. Finally, K.J. Harrison & Partners Inc lifted its stake in Bank of Nova Scotia by 6.2% during the fourth quarter. K.J. Harrison & Partners Inc now owns 54,794 shares of the bank's stock worth $2,936,000 after purchasing an additional 3,175 shares during the last quarter. 49.13% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

BNS has been the subject of several research analyst reports. CIBC reiterated a "neutral" rating on shares of Bank of Nova Scotia in a report on Tuesday, February 18th. Cibc World Mkts downgraded shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. 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. 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, UBS Group upgraded shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of "Hold" and a consensus target price of $75.50.

Bank of Nova Scotia Trading Up 0.4 %

NYSE BNS traded up $0.18 on Friday, reaching $48.33. The company had a trading volume of 1,310,440 shares, compared to its average volume of 1,868,030. The firm has a market cap of $60.19 billion, a price-to-earnings ratio of 11.19, a P/E/G ratio of 1.16 and a beta of 1.11. The Bank of Nova Scotia has a fifty-two week low of $43.67 and a fifty-two week high of $57.07. The business has a 50 day moving average of $51.13 and a two-hundred day moving average of $52.49. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a $0.7415 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a yield of 6.14%. Bank of Nova Scotia's payout ratio is 82.77%.

About Bank of Nova Scotia

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.