Daiwa Securities Group Inc. lessened its stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 12.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,800 shares of the bank’s stock after selling 2,400 shares during the period. Daiwa Securities Group Inc.’s holdings in Bank of Nova Scotia (The) were worth $1,079,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new position in shares of Bank of Nova Scotia (The) during the 2nd quarter worth $117,297,000. Investec Asset Management LTD raised its holdings in shares of Bank of Nova Scotia (The) by 15.9% during the 2nd quarter. Investec Asset Management LTD now owns 2,538,054 shares of the bank’s stock worth $152,455,000 after acquiring an additional 347,432 shares during the period. Willingdon Wealth Management purchased a new stake in Bank of Nova Scotia (The) in the 2nd quarter valued at about $2,117,000. OMERS ADMINISTRATION Corp raised its holdings in Bank of Nova Scotia (The) by 5.3% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 3,406,680 shares of the bank’s stock valued at $204,632,000 after buying an additional 170,800 shares during the period. Finally, Creative Planning raised its holdings in Bank of Nova Scotia (The) by 7.8% in the 2nd quarter. Creative Planning now owns 14,383 shares of the bank’s stock valued at $865,000 after buying an additional 1,044 shares during the period. Institutional investors and hedge funds own 46.51% of the company’s stock.

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Bank of Nova Scotia (NYSE BNS) opened at $65.59 on Monday. The firm has a market capitalization of $78,590.52, a PE ratio of 13.39, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.07 and a quick ratio of 1.07. Bank of Nova Scotia has a 52-week low of $51.21 and a 52-week high of $65.99.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, August 29th. The bank reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.38). The firm had revenue of $5.22 billion during the quarter, compared to analyst estimates 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 earned $1.54 earnings per share. equities research analysts anticipate that Bank of Nova Scotia will post 5.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd were given a $0.6294 dividend. This is an increase from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. This represents a $2.52 annualized dividend and a yield of 3.84%. The ex-dividend date was Monday, October 2nd. Bank of Nova Scotia (The)’s payout ratio is currently 50.62%.

Several analysts recently issued reports on BNS shares. Scotiabank restated a “buy” rating and issued a $88.00 price objective on shares of Bank of Nova Scotia (The) in a report on Wednesday, August 30th. Zacks Investment Research upgraded shares of Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a report on Tuesday, July 18th. Macquarie started coverage on shares of Bank of Nova Scotia (The) in a report on Tuesday, October 24th. They issued an “outperform” rating on the stock. Canaccord Genuity started coverage on shares of Bank of Nova Scotia (The) in a report on Tuesday, July 18th. They issued a “buy” rating on the stock. Finally, BidaskClub upgraded shares of Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. Bank of Nova Scotia (The) has an average rating of “Buy” and an average target price 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.

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

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