O Shaughnessy Asset Management LLC raised its holdings in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 222,516 shares of the bank's stock after purchasing an additional 5,656 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Bank of Nova Scotia were worth $11,937,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Bank of Nova Scotia by 10.3% in the third quarter. Geode Capital Management LLC now owns 5,640,471 shares of the bank's stock worth $310,817,000 after buying an additional 524,496 shares during the last quarter. Galibier Capital Management Ltd. raised its position in shares of Bank of Nova Scotia by 38,283.3% in the fourth quarter. Galibier Capital Management Ltd. now owns 476,721 shares of the bank's stock worth $25,586,000 after acquiring an additional 475,479 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Bank of Nova Scotia by 7.6% during the 4th quarter. Bank of New York Mellon Corp now owns 1,095,285 shares of the bank's stock worth $58,839,000 after acquiring an additional 77,820 shares in the last quarter. Mediolanum International Funds Ltd acquired a new stake in shares of Bank of Nova Scotia during the 4th quarter valued at about $292,000. Finally, Blue Trust Inc. increased its stake in shares of Bank of Nova Scotia by 98.6% in the 4th quarter. Blue Trust Inc. now owns 3,134 shares of the bank's stock valued at $171,000 after purchasing an additional 1,556 shares in the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.
Bank of Nova Scotia Price Performance
Shares of NYSE BNS traded down $1.45 during mid-day trading on Friday, reaching $46.92. The company's stock had a trading volume of 3,802,191 shares, compared to its average volume of 1,673,873. The stock has a 50-day moving average of $49.45 and a two-hundred day moving average of $52.16. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $58.44 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.16 and a beta of 1.02. The Bank of Nova Scotia has a 1-year low of $43.68 and a 1-year high of $57.07.
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 given a dividend of $0.7415 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a yield of 6.32%. Bank of Nova Scotia's payout ratio is 82.77%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Cibc World Mkts lowered Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. CIBC reaffirmed a "neutral" rating on shares of Bank of Nova Scotia in a report on Tuesday, February 18th. Bank of America cut shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research note on Monday, March 31st. Finally, Royal Bank of Canada reduced their price target on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $81.00.
View Our Latest Stock Analysis on BNS
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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