Quadrature Capital Ltd Purchases Shares of 486,900 The Bank of Nova Scotia (NYSE:BNS)

Quadrature Capital Ltd bought a new stake in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 486,900 shares of the bank's stock, valued at approximately $26,551,000.

A number of other large investors also recently made changes to their positions in BNS. Mather Group LLC. boosted its position in shares of Bank of Nova Scotia by 1,388.9% in the second quarter. Mather Group LLC. now owns 536 shares of the bank's stock valued at $25,000 after acquiring an additional 500 shares during the period. Blue Trust Inc. boosted its holdings in Bank of Nova Scotia by 3,127.8% in the 2nd quarter. Blue Trust Inc. now owns 581 shares of the bank's stock valued at $27,000 after purchasing an additional 563 shares during the period. BNP Paribas Financial Markets boosted its holdings in Bank of Nova Scotia by 1,588.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank's stock valued at $47,000 after purchasing an additional 810 shares during the period. City State Bank acquired a new position in shares of Bank of Nova Scotia during the 3rd quarter worth approximately $57,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Bank of Nova Scotia during the second quarter worth approximately $104,000. Institutional investors own 49.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. TD Securities raised Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Monday, November 4th. Cibc World Mkts raised Bank of Nova Scotia from a "hold" rating to a "strong-buy" rating in a report on Friday, September 20th. Barclays raised Bank of Nova Scotia from an "underweight" rating to an "equal weight" rating in a research note on Thursday, November 21st. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research note on Tuesday, November 19th. Finally, Bank of America upgraded shares of Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

Bank of Nova Scotia Price Performance

Shares of Bank of Nova Scotia stock traded up $0.37 during midday trading on Thursday, hitting $55.68. 665,586 shares of the company traded hands, compared to its average volume of 1,756,018. The stock has a market cap of $69.29 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 1.41 and a beta of 1.07. 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's fifty day moving average price is $53.88 and its 200-day moving average price is $49.88. The Bank of Nova Scotia has a 12 month low of $43.67 and a 12 month high of $57.07.

Bank of Nova Scotia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th will be paid a $0.7535 dividend. This represents a $3.01 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Tuesday, January 7th. Bank of Nova Scotia's payout ratio is 72.45%.

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.