Keybank National Association OH trimmed its holdings in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,049 shares of the bank’s stock after selling 4,768 shares during the period. Keybank National Association OH’s holdings in Bank of Nova Scotia were worth $4,153,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Doyle Wealth Management purchased a new position in shares of Bank of Nova Scotia in the second quarter valued at about $31,000. Mcmillion Capital Management Inc. purchased a new stake in shares of Bank of Nova Scotia in the second quarter worth about $46,000. HM Payson & Co. purchased a new stake in shares of Bank of Nova Scotia in the second quarter worth about $51,000. LifePlan Financial Group Inc lifted its position in shares of Bank of Nova Scotia by 210.7% in the second quarter. LifePlan Financial Group Inc now owns 1,165 shares of the bank’s stock worth $63,000 after buying an additional 790 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its position in shares of Bank of Nova Scotia by 91.8% in the third quarter. Lindbrook Capital LLC now owns 1,258 shares of the bank’s stock worth $72,000 after buying an additional 602 shares in the last quarter. Institutional investors and hedge funds own 46.05% of the company’s stock.
BNS stock traded down $0.16 during midday trading on Friday, reaching $57.83. 388,051 shares of the company traded hands, compared to its average volume of 780,411. Bank of Nova Scotia has a 52-week low of $48.34 and a 52-week high of $58.22. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.06 and a current ratio of 1.06. The business has a 50 day moving average of $57.04 and a 200-day moving average of $54.24. The firm has a market capitalization of $70.50 billion, a price-to-earnings ratio of 10.63, a P/E/G ratio of 1.86 and a beta of 1.18.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Tuesday, August 27th. The bank reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Bank of Nova Scotia had a return on equity of 13.53% and a net margin of 18.32%. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $7.86 billion. During the same period in the prior year, the business posted $1.76 earnings per share. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts anticipate that Bank of Nova Scotia will post 5.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.682 per share. 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%.
A number of equities research analysts recently commented on BNS shares. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $62.00 in a research report on Tuesday, September 24th. Credit Suisse Group boosted their target price on Bank of Nova Scotia from $73.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Zacks Investment Research downgraded Bank of Nova Scotia from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Desjardins boosted their target price on Bank of Nova Scotia from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, Canaccord Genuity reiterated a “hold” rating on shares of Bank of Nova Scotia in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company presently has an average 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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