Scotia Capital Inc. boosted its stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 10.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 7,309,504 shares of the company’s stock after buying an additional 680,163 shares during the period. Bank of Nova Scotia (The) accounts for about 6.5% of Scotia Capital Inc.’s investment portfolio, making the stock its 2nd largest position. Scotia Capital Inc. owned about 0.61% of Bank of Nova Scotia (The) worth $406,985,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of BNS. MUFG Americas Holdings Corp purchased a new position in Bank of Nova Scotia (The) during the fourth quarter valued at about $107,000. Advisor Group Inc. boosted its position in Bank of Nova Scotia (The) by 48.0% in the third quarter. Advisor Group Inc. now owns 3,696 shares of the company’s stock valued at $176,000 after buying an additional 1,199 shares in the last quarter. Aveo Capital Partners LLC purchased a new position in Bank of Nova Scotia (The) during the fourth quarter valued at about $208,000. Cambridge Trust Co. purchased a new position in Bank of Nova Scotia (The) during the third quarter valued at about $201,000. Finally, MSI Financial Services Inc boosted its position in Bank of Nova Scotia (The) by 38.2% in the third quarter. MSI Financial Services Inc now owns 3,937 shares of the company’s stock valued at $209,000 after buying an additional 1,089 shares in the last quarter. Hedge funds and other institutional investors own 50.72% of the company’s stock.

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

Bank of Nova Scotia (NYSE:BNS) traded up 0.56% during trading on Thursday, reaching $62.69. 624,759 shares of the company’s stock were exchanged. Bank of Nova Scotia has a 52 week low of $37.54 and a 52 week high of $62.89. The firm has a market capitalization of $75.74 billion, a price-to-earnings ratio of 14.28 and a beta of 1.30. The stock has a 50-day moving average price of $59.21 and a 200 day moving average price of $55.04.

Bank of Nova Scotia (The) (NYSE:BNS) last announced its earnings results on Tuesday, November 29th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.06. The business had revenue of $6.75 billion for the quarter. Bank of Nova Scotia (The) had a net margin of 20.78% and a return on equity of 14.36%. During the same quarter last year, the business posted $1.45 earnings per share. Equities research analysts forecast that Bank of Nova Scotia will post $4.90 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 27th. Stockholders of record on Tuesday, January 3rd were given a dividend of $0.5485 per share. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.50%. Bank of Nova Scotia (The)’s dividend payout ratio (DPR) is presently 50.11%.

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Several research firms recently issued reports on BNS. BMO Capital Markets reiterated a “buy” rating on shares of Bank of Nova Scotia (The) in a research note on Thursday, December 1st. Zacks Investment Research cut shares of Bank of Nova Scotia (The) from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 1st. TD Securities upgraded shares of Bank of Nova Scotia (The) to a “buy” rating in a research note on Tuesday, November 29th. Bank of America Corporation began coverage on shares of Bank of Nova Scotia (The) in a research note on Tuesday, November 1st. They issued a “buy” rating for the company. Finally, Barclays PLC reiterated a “hold” rating on shares of Bank of Nova Scotia (The) in a research note on Thursday, October 27th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $69.36.

Bank of Nova Scotia (The) Company Profile

The Bank of Nova Scotia (Scotiabank or the Bank) is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. The Company’s segments include Canadian Banking, International Banking, Global Banking and Markets (GBM), and Other.

5 Day Chart for NYSE:BNS

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