Bank of Nova Scotia (TSE:BNS) (NYSE:BNS) insider Andrew Branion sold 214 shares of Bank of Nova Scotia stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of C$80.51, for a total value of C$17,229.14.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd will be issued a $0.79 dividend. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $3.16 annualized dividend and a dividend yield of 3.91%. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.76.

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A number of research firms have issued reports on BNS. BMO Capital Markets lifted their target price on Bank of Nova Scotia from C$83.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th. National Bank Financial lifted their target price on Bank of Nova Scotia from C$85.00 to C$86.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th. CIBC lifted their target price on Bank of Nova Scotia from C$85.00 to C$87.00 in a research report on Wednesday, August 30th. Barclays PLC lifted their target price on Bank of Nova Scotia from C$86.00 to C$88.00 in a research report on Friday, August 11th. Finally, Scotiabank decreased their target price on Bank of Nova Scotia from C$89.00 to C$88.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$85.83.

About Bank of Nova Scotia

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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