Natixis Advisors LLC raised its stake in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 79.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,201 shares of the bank's stock after purchasing an additional 40,961 shares during the period. Natixis Advisors LLC's holdings in Bank of Nova Scotia were worth $4,953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its holdings in shares of Bank of Nova Scotia by 9.6% in the 3rd quarter. Toronto Dominion Bank now owns 24,990,868 shares of the bank's stock valued at $1,361,752,000 after buying an additional 2,195,604 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Bank of Nova Scotia by 24.9% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 11,757,961 shares of the bank's stock worth $640,624,000 after purchasing an additional 2,346,995 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Bank of Nova Scotia by 1.8% during the fourth quarter. CIBC Asset Management Inc now owns 10,259,279 shares of the bank's stock worth $551,766,000 after purchasing an additional 184,761 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Bank of Nova Scotia by 5.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,096,123 shares of the bank's stock valued at $434,196,000 after purchasing an additional 385,333 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 valued at $310,817,000 after purchasing an additional 524,496 shares during the last quarter. Hedge funds and other institutional investors own 49.13% of the company's stock.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Royal Bank of Canada reduced their target price on Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. 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. Finally, CIBC reiterated a "neutral" rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $81.00.
View Our Latest Report on BNS
Bank of Nova Scotia Stock Performance
Shares of Bank of Nova Scotia stock traded up $0.01 on Wednesday, reaching $48.76. 1,121,820 shares of the stock were exchanged, compared to its average volume of 1,619,282. The business has a 50 day moving average price of $50.05 and a two-hundred day moving average price of $52.40. The firm has a market capitalization of $60.73 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 1.16 and a beta of 1.11. The Bank of Nova Scotia has a twelve month low of $43.68 and a twelve month high of $57.07. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59.
Bank of Nova Scotia Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a $0.7415 dividend. This represents a $2.97 annualized dividend and a dividend yield of 6.08%. The ex-dividend date is Tuesday, April 1st. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 82.77%.
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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