Bank of Nova Scotia (The) $BNS Position Increased by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lifted its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 65.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 105,882 shares of the bank’s stock after acquiring an additional 41,692 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Bank of Nova Scotia were worth $6,848,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in Bank of Nova Scotia by 111.2% during the 1st quarter. AQR Capital Management LLC now owns 19,096 shares of the bank’s stock worth $911,000 after acquiring an additional 10,056 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Bank of Nova Scotia by 57.7% during the second quarter. Parallel Advisors LLC now owns 3,065 shares of the bank’s stock worth $169,000 after purchasing an additional 1,122 shares during the period. Sivia Capital Partners LLC purchased a new position in Bank of Nova Scotia during the second quarter valued at approximately $330,000. Wealth Enhancement Advisory Services LLC increased its stake in Bank of Nova Scotia by 0.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 53,428 shares of the bank’s stock valued at $2,957,000 after buying an additional 413 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Bank of Nova Scotia by 0.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 50,801 shares of the bank’s stock worth $2,804,000 after buying an additional 405 shares in the last quarter. 49.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on BNS shares. Raymond James Financial started coverage on shares of Bank of Nova Scotia in a report on Tuesday, November 25th. They set an “outperform” rating on the stock. Royal Bank Of Canada upped their target price on Bank of Nova Scotia from $86.00 to $97.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Bank of Nova Scotia in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $97.00.

Bank of Nova Scotia Price Performance

NYSE BNS opened at $73.46 on Tuesday. Bank of Nova Scotia has a fifty-two week low of $44.09 and a fifty-two week high of $74.97. The stock’s 50-day moving average is $71.25 and its two-hundred day moving average is $64.56. The firm has a market cap of $90.69 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 0.96 and a beta of 1.11. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.04 and a quick ratio of 1.04.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Tuesday, December 2nd. The bank reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $6.99 billion for the quarter, compared to analyst estimates of $6.85 billion. Bank of Nova Scotia had a return on equity of 12.10% and a net margin of 10.60%.The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.57 EPS. On average, analysts anticipate that Bank of Nova Scotia will post 4.91 earnings per share for the current fiscal year.

Bank of Nova Scotia Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 28th. Investors of record on Tuesday, January 6th will be paid a $1.10 dividend. The ex-dividend date is Tuesday, January 6th. This represents a $4.40 dividend on an annualized basis and a yield of 6.0%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 79.85%.

Bank of Nova Scotia Company Profile

Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.

Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.