Alps Advisors Inc. Buys New Stake in Bank of Nova Scotia (BNS)

Alps Advisors Inc. bought a new position in shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 7,279 shares of the bank’s stock, valued at approximately $470,000.

Several other institutional investors also recently bought and sold shares of BNS. Great West Life Assurance Co. Can grew its position in shares of Bank of Nova Scotia by 7.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 13,611,106 shares of the bank’s stock worth $873,039,000 after buying an additional 913,814 shares during the period. Highstreet Asset Management Inc. grew its position in shares of Bank of Nova Scotia by 86.0% during the 4th quarter. Highstreet Asset Management Inc. now owns 1,203,406 shares of the bank’s stock worth $77,661,000 after buying an additional 556,316 shares during the period. TD Asset Management Inc. grew its position in shares of Bank of Nova Scotia by 1.4% during the 3rd quarter. TD Asset Management Inc. now owns 38,795,439 shares of the bank’s stock worth $2,487,821,000 after buying an additional 523,053 shares during the period. Acadian Asset Management LLC grew its position in shares of Bank of Nova Scotia by 43.7% during the 4th quarter. Acadian Asset Management LLC now owns 1,558,600 shares of the bank’s stock worth $100,908,000 after buying an additional 474,000 shares during the period. Finally, Investec Asset Management LTD grew its position in shares of Bank of Nova Scotia by 17.9% during the 3rd quarter. Investec Asset Management LTD now owns 2,992,312 shares of the bank’s stock worth $191,887,000 after buying an additional 454,258 shares during the period. Institutional investors own 46.29% of the company’s stock.

Bank of Nova Scotia (NYSE BNS) opened at $61.09 on Tuesday. Bank of Nova Scotia has a 1-year low of $53.86 and a 1-year high of $66.78. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $73,440.00, a PE ratio of 11.84, a PEG ratio of 1.38 and a beta of 1.26.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, November 28th. The bank reported $1.32 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.32. Bank of Nova Scotia had a return on equity of 14.62% and a net margin of 22.20%. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations of $5.64 billion. analysts forecast that Bank of Nova Scotia will post 5.48 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Stockholders of record on Tuesday, January 2nd were issued a dividend of $0.617 per share. This represents a $2.47 annualized dividend and a dividend yield of 4.04%. The ex-dividend date was Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 49.61%.

Several research firms have recently issued reports on BNS. Zacks Investment Research upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research report on Tuesday, February 6th. Canaccord Genuity reiterated a “buy” rating and set a $92.00 price objective on shares of Bank of Nova Scotia in a report on Tuesday, November 28th. Scotiabank reiterated a “buy” rating and set a $95.00 price objective on shares of Bank of Nova Scotia in a report on Wednesday, November 22nd. Finally, Macquarie started coverage on Bank of Nova Scotia in a report on Tuesday, October 24th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $86.00.

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Bank of Nova Scotia 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.

Institutional Ownership by Quarter for Bank of Nova Scotia (NYSE:BNS)

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