Aperio Group LLC increased its stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 0.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 763,352 shares of the bank’s stock after purchasing an additional 1,729 shares during the period. Aperio Group LLC owned 0.06% of Bank of Nova Scotia (The) worth $49,045,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Cardinal Capital Management grew its position in Bank of Nova Scotia (The) by 5.5% during the 3rd quarter. Cardinal Capital Management now owns 47,011 shares of the bank’s stock worth $3,020,000 after acquiring an additional 2,471 shares during the last quarter. Boston Advisors LLC bought a new position in Bank of Nova Scotia (The) during the 3rd quarter worth approximately $670,000. Harrington Investments INC bought a new position in Bank of Nova Scotia (The) during the 3rd quarter worth approximately $1,175,000. Fox Run Management L.L.C. bought a new position in Bank of Nova Scotia (The) during the 3rd quarter worth approximately $373,000. Finally, APG Asset Management N.V. grew its position in shares of Bank of Nova Scotia (The) by 103.6% in the 3rd quarter. APG Asset Management N.V. now owns 569,462 shares of the bank’s stock worth $36,518,000 after buying an additional 289,700 shares during the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Bank of Nova Scotia (BNS) opened at $65.59 on Friday. Bank of Nova Scotia has a fifty-two week low of $51.21 and a fifty-two week high of $65.99. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $79,009.91, a PE ratio of 13.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.28.
Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its quarterly earnings results on Tuesday, August 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.38). The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. During the same period in the prior year, the firm posted $1.54 EPS. equities research analysts expect that Bank of Nova Scotia will post 5.22 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were given a dividend of $0.6294 per share. The ex-dividend date of this dividend was Monday, October 2nd. This is an increase from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. This represents a $2.52 dividend on an annualized basis and a yield of 3.84%. Bank of Nova Scotia (The)’s dividend payout ratio is 50.62%.
A number of equities research analysts have recently weighed in on BNS shares. BidaskClub upgraded Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Canaccord Genuity started coverage on Bank of Nova Scotia (The) in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. Zacks Investment Research upgraded Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, July 18th. Scotiabank restated a “buy” rating and issued a $88.00 target price on shares of Bank of Nova Scotia (The) in a research note on Wednesday, August 30th. Finally, Citigroup Inc. upgraded Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $83.20.
Bank of Nova Scotia (The) Company Profile
The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.
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