The Bank of Nova Scotia (NYSE:BNS) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden boosted its position in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 7.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 352,700 shares of the bank's stock after purchasing an additional 24,100 shares during the quarter. Forsta AP Fonden's holdings in Bank of Nova Scotia were worth $19,239,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. boosted its position in shares of Bank of Nova Scotia by 1,388.9% during the second quarter. Mather Group LLC. now owns 536 shares of the bank's stock valued at $25,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. raised 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 valued at $27,000 after buying an additional 563 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Bank of Nova Scotia in the 1st quarter worth $53,000. City State Bank purchased a new position in Bank of Nova Scotia during the 3rd quarter valued at approximately $57,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Bank of Nova Scotia by 102.1% in the first quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank's stock valued at $83,000 after purchasing an additional 811 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BNS has been the topic of several recent research reports. UBS Group started coverage on Bank of Nova Scotia in a report on Tuesday, July 2nd. They set a "neutral" rating on the stock. Cibc World Mkts raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $69.00.

Bank of Nova Scotia Stock Down 1.3 %

Shares of NYSE:BNS traded down $0.66 during trading on Friday, reaching $51.78. The stock had a trading volume of 1,159,530 shares, compared to its average volume of 1,821,673. 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 company has a market capitalization of $63.67 billion, a P/E ratio of 11.66, a PEG ratio of 1.64 and a beta of 1.05. The firm's 50-day simple moving average is $51.78 and its 200 day simple moving average is $48.46. The Bank of Nova Scotia has a one year low of $39.79 and a one year high of $55.12.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last released its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to analysts' expectations of $8.53 billion. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. The firm's revenue was up 3.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. As a group, research analysts expect that The Bank of Nova Scotia will post 4.8 EPS for the current fiscal year.

Bank of Nova Scotia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd will be issued a dividend of $0.768 per share. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date is Wednesday, October 2nd. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 70.50%.

Bank of Nova Scotia Company 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.