Mn Services Vermogensbeheer B.V. Decreases Stake in The Bank of Nova Scotia (NYSE:BNS)

Mn Services Vermogensbeheer B.V. trimmed its position in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 4.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,300 shares of the bank's stock after selling 11,500 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Bank of Nova Scotia were worth $14,253,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Bank of Nova Scotia by 1.2% during the 3rd quarter. Signaturefd LLC now owns 18,470 shares of the bank's stock worth $1,006,000 after purchasing an additional 216 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Bank of Nova Scotia by 1.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,432 shares of the bank's stock valued at $799,000 after acquiring an additional 219 shares during the last quarter. Pacifica Partners Inc. boosted its holdings in shares of Bank of Nova Scotia by 1.5% during the 2nd quarter. Pacifica Partners Inc. now owns 19,493 shares of the bank's stock worth $889,000 after purchasing an additional 288 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Bank of Nova Scotia by 11.9% in the third quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank's stock valued at $148,000 after purchasing an additional 288 shares in the last quarter. Finally, Gold Investment Management Ltd. increased its holdings in shares of Bank of Nova Scotia by 0.3% in the first quarter. Gold Investment Management Ltd. now owns 111,564 shares of the bank's stock valued at $5,773,000 after purchasing an additional 292 shares during the last quarter. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on BNS shares. Cibc World Mkts raised shares of Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 20th. TD Securities upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report on Monday. Two analysts have rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $69.00.

Bank of Nova Scotia Stock Performance

NYSE BNS traded up $0.09 during trading on Tuesday, reaching $53.13. The company's stock had a trading volume of 1,051,288 shares, compared to its average volume of 1,813,943. The business's fifty day moving average price is $52.36 and its 200-day moving average price is $48.71. The Bank of Nova Scotia has a twelve month low of $41.80 and a twelve month high of $55.12. 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 firm has a market cap of $65.75 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 1.54 and a beta of 1.05.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last issued its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.01. Bank of Nova Scotia had a return on equity of 11.14% and a net margin of 9.84%. The firm had revenue of $8.36 billion for the quarter, compared to analysts' expectations of $8.53 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The firm's revenue for the quarter was up 3.7% on a year-over-year basis. As a group, analysts anticipate that The Bank of Nova Scotia will post 4.8 EPS for the current fiscal 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. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $3.07 dividend on an annualized basis and a yield of 5.78%. Bank of Nova Scotia's dividend payout ratio (DPR) is 74.88%.

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.