ARP Americas LLC bought a new stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,138 shares of the bank’s stock, valued at approximately $202,000.

A number of other institutional investors have also recently modified their holdings of the stock. TD Asset Management Inc. increased its position in Bank of Nova Scotia (The) by 1.4% in the 2nd quarter. TD Asset Management Inc. now owns 38,272,386 shares of the bank’s stock valued at $2,298,937,000 after buying an additional 522,845 shares in the last quarter. Vanguard Group Inc. increased its position in Bank of Nova Scotia (The) by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 26,994,461 shares of the bank’s stock valued at $1,623,177,000 after buying an additional 1,105,865 shares in the last quarter. CIBC Asset Management Inc increased its position in Bank of Nova Scotia (The) by 7.2% in the 2nd quarter. CIBC Asset Management Inc now owns 12,482,899 shares of the bank’s stock valued at $750,050,000 after buying an additional 834,837 shares in the last quarter. Scotia Capital Inc. increased its position in Bank of Nova Scotia (The) by 6.8% in the 2nd quarter. Scotia Capital Inc. now owns 7,806,955 shares of the bank’s stock valued at $469,356,000 after buying an additional 496,634 shares in the last quarter. Finally, Fiera Capital Corp increased its position in Bank of Nova Scotia (The) by 4.7% in the 2nd quarter. Fiera Capital Corp now owns 6,396,251 shares of the bank’s stock valued at $384,090,000 after buying an additional 285,209 shares in the last quarter. 46.48% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. Zacks Investment Research downgraded Bank of Nova Scotia (The) from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Macquarie assumed coverage on Bank of Nova Scotia (The) in a research note on Tuesday, October 24th. They set an “outperform” rating for the company. Citigroup Inc. upgraded Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. Scotiabank reiterated a “buy” rating and set a $88.00 price target on shares of Bank of Nova Scotia (The) in a research note on Wednesday, August 30th. Finally, Canaccord Genuity set a $87.00 price target on Bank of Nova Scotia (The) and gave the company a “buy” rating in a research note on Tuesday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $83.20.

Bank of Nova Scotia (BNS) opened at $65.53 on Friday. Bank of Nova Scotia has a 12 month low of $51.21 and a 12 month high of $65.62. The firm has a market capitalization of $78,518.63, a P/E ratio of 13.37, a PEG ratio of 1.51 and a beta of 1.28. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.13.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 29th. The bank reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.38). Bank of Nova Scotia (The) had a return on equity of 14.54% and a net margin of 22.26%. The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the previous year, the firm earned $1.54 EPS. research analysts forecast that Bank of Nova Scotia will post 5.24 earnings per share for the current fiscal year.

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

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Bank of Nova Scotia (The) 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.

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

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