Unigestion Holding SA decreased its holdings in shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 5.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 340,700 shares of the bank’s stock after selling 18,700 shares during the quarter. Unigestion Holding SA’s holdings in Bank of Nova Scotia were worth $19,362,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in BNS. Doyle Wealth Management acquired a new position in shares of Bank of Nova Scotia during the 2nd quarter worth $31,000. Mcmillion Capital Management Inc. bought a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth $46,000. HM Payson & Co. bought a new stake in shares of Bank of Nova Scotia during the 2nd quarter worth $51,000. LifePlan Financial Group Inc boosted its holdings in shares of Bank of Nova Scotia by 210.7% during the 2nd quarter. LifePlan Financial Group Inc now owns 1,165 shares of the bank’s stock worth $63,000 after buying an additional 790 shares during the period. Finally, Lindbrook Capital LLC boosted its holdings in shares of Bank of Nova Scotia by 91.8% during the 3rd quarter. Lindbrook Capital LLC now owns 1,258 shares of the bank’s stock worth $72,000 after buying an additional 602 shares during the period. Institutional investors own 46.05% of the company’s stock.
Bank of Nova Scotia stock traded down $0.16 during mid-day trading on Friday, reaching $57.83. The company had a trading volume of 390,438 shares, compared to its average volume of 780,411. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.31. Bank of Nova Scotia has a 52 week low of $48.34 and a 52 week high of $58.22. The company has a 50 day moving average of $57.01 and a 200-day moving average of $54.22. The firm has a market cap of $70.50 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 1.86 and a beta of 1.18.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings results on Tuesday, August 27th. The bank reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Bank of Nova Scotia had a net margin of 18.32% and a return on equity of 13.53%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.86 billion. During the same period in the prior year, the firm earned $1.76 EPS. The business’s revenue was up 6.7% on a year-over-year basis. On average, analysts predict that Bank of Nova Scotia will post 5.39 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were issued a $0.682 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.65. This represents a $2.73 dividend on an annualized basis and a yield of 4.72%. Bank of Nova Scotia’s dividend payout ratio is 50.00%.
Several analysts recently issued reports on BNS shares. BMO Capital Markets decreased their price objective on shares of Bank of Nova Scotia from $80.00 to $78.00 and set an “outperform” rating for the company in a report on Wednesday, August 28th. Zacks Investment Research downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating in a report on Thursday, August 29th. Desjardins upped their price objective on shares of Bank of Nova Scotia from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $52.00 to $62.00 in a report on Tuesday, September 24th. Finally, ValuEngine downgraded shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $74.29.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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