Unigestion Holding SA Sells 135,507 Shares of The Bank of Nova Scotia (NYSE:BNS)

Unigestion Holding SA cut its holdings in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 46.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,523 shares of the bank's stock after selling 135,507 shares during the period. Unigestion Holding SA's holdings in Bank of Nova Scotia were worth $8,502,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BNS. BNP Paribas Financial Markets boosted its stake in shares of Bank of Nova Scotia by 1,588.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank's stock worth $47,000 after acquiring an additional 810 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Bank of Nova Scotia by 2.5% during the third quarter. Captrust Financial Advisors now owns 22,329 shares of the bank's stock valued at $1,217,000 after purchasing an additional 536 shares during the last quarter. Verition Fund Management LLC purchased a new position in Bank of Nova Scotia in the 3rd quarter worth about $258,000. Janus Henderson Group PLC raised its holdings in Bank of Nova Scotia by 7.9% during the 3rd quarter. Janus Henderson Group PLC now owns 153,849 shares of the bank's stock worth $8,390,000 after buying an additional 11,300 shares during the period. Finally, Royal London Asset Management Ltd. lifted its stake in Bank of Nova Scotia by 1.7% during the third quarter. Royal London Asset Management Ltd. now owns 153,414 shares of the bank's stock valued at $8,360,000 after buying an additional 2,574 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors.

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Bank of Nova Scotia Stock Up 1.3 %

NYSE BNS traded up $0.60 during trading on Friday, hitting $46.08. 807,035 shares of the company traded hands, compared to its average volume of 1,689,083. The Bank of Nova Scotia has a 12 month low of $43.68 and a 12 month high of $57.07. The business has a fifty day simple moving average of $48.73 and a 200 day simple moving average of $51.83. The company has a market capitalization of $57.39 billion, a P/E ratio of 10.66, a PEG ratio of 1.16 and a beta of 1.02. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59.

Bank of Nova Scotia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a $0.7415 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 annualized dividend and a yield of 6.44%. Bank of Nova Scotia's dividend payout ratio (DPR) is currently 82.77%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BNS shares. Bank of America cut shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research report on Monday, March 31st. Cibc World Mkts lowered shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, February 18th. CIBC reiterated a "neutral" rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada lowered their price target on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 26th. One 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 MarketBeat, Bank of Nova Scotia has an average rating of "Hold" and an average price target of $81.00.

Bank of Nova Scotia 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.