Triasima Portfolio Management inc. grew its position in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 101.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 255,921 shares of the bank's stock after acquiring an additional 129,132 shares during the quarter. Bank of Nova Scotia comprises 2.6% of Triasima Portfolio Management inc.'s holdings, making the stock its 5th largest holding. Triasima Portfolio Management inc.'s holdings in Bank of Nova Scotia were worth $13,736,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of BNS. BNP Paribas Financial Markets raised its holdings in Bank of Nova Scotia by 1,588.2% during the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank's stock worth $47,000 after buying an additional 810 shares during the last quarter. City State Bank acquired a new stake in shares of Bank of Nova Scotia in the 3rd quarter worth about $57,000. Fortitude Family Office LLC bought a new position in Bank of Nova Scotia in the 4th quarter valued at about $73,000. Blue Trust Inc. boosted its stake in Bank of Nova Scotia by 171.6% during the 3rd quarter. Blue Trust Inc. now owns 1,578 shares of the bank's stock valued at $86,000 after purchasing an additional 997 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Bank of Nova Scotia during the 3rd quarter worth approximately $111,000. 49.13% of the stock is currently owned by institutional investors.
Bank of Nova Scotia Stock Performance
Shares of NYSE BNS traded up $0.28 during mid-day trading on Tuesday, reaching $50.89. 447,598 shares of the company's stock were exchanged, compared to its average volume of 2,054,870. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $63.38 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.15 and a beta of 1.07. The firm has a 50-day moving average price of $52.85 and a two-hundred day moving average price of $51.99. The Bank of Nova Scotia has a 52 week low of $43.67 and a 52 week high of $57.07.
Bank of Nova Scotia Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th were paid a $0.7535 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend was Tuesday, January 7th. Bank of Nova Scotia's dividend payout ratio is currently 68.29%.
Analyst Upgrades and Downgrades
BNS has been the topic of a number of recent research reports. TD Securities upgraded Bank of Nova Scotia from a "hold" rating to a "buy" rating in a report on Monday, November 4th. Bank of America upgraded Bank of Nova Scotia from a "neutral" rating to a "buy" rating in a research note on Tuesday, November 19th. Royal Bank of Canada upped their target price on shares of Bank of Nova Scotia from $65.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Wednesday, December 4th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. Finally, Canaccord Genuity Group raised shares of Bank of Nova Scotia from a "hold" rating to a "buy" rating in a research report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bank of Nova Scotia has a consensus rating of "Moderate Buy" and an average target price of $72.00.
View Our Latest Stock Analysis on BNS
Bank of Nova Scotia 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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