Northern Trust Corp raised its stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,066,648 shares of the bank’s stock after acquiring an additional 13,896 shares during the period. Northern Trust Corp owned about 0.09% of Bank of Nova Scotia (The) worth $64,137,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Principal Financial Group Inc. purchased a new position in 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% in the second quarter. Investec Asset Management LTD now owns 2,538,054 shares of the bank’s stock valued at $152,455,000 after purchasing an additional 347,432 shares during the last quarter. Willingdon Wealth Management purchased a new stake in shares of Bank of Nova Scotia (The) in the second quarter valued at about $2,117,000. OMERS ADMINISTRATION Corp raised its holdings in shares of Bank of Nova Scotia (The) by 5.3% in the second quarter. OMERS ADMINISTRATION Corp now owns 3,406,680 shares of the bank’s stock valued at $204,632,000 after purchasing an additional 170,800 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of Bank of Nova Scotia (The) by 7.8% in the second quarter. Creative Planning now owns 14,383 shares of the bank’s stock valued at $865,000 after purchasing an additional 1,044 shares during the last quarter. Institutional investors and hedge funds own 45.12% of the company’s stock.

Bank of Nova Scotia (BNS) opened at 64.34 on Wednesday. Bank of Nova Scotia has a 52-week low of $51.21 and a 52-week high of $64.93. The company has a market cap of $77.10 billion, a price-to-earnings ratio of 12.19 and a beta of 1.26. The company’s 50-day moving average is $62.77 and its 200 day moving average is $59.70.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings results on Tuesday, August 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.38). Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same period in the previous year, the company earned $1.54 earnings per share. Equities analysts forecast that Bank of Nova Scotia will post $5.30 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd will be given a $0.6294 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is 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 52.06%.

TRADEMARK VIOLATION NOTICE: This story was originally posted by Watch List News and is the property of of Watch List News. If you are reading this story on another publication, it was copied illegally and republished in violation of U.S. and international copyright laws. The legal version of this story can be viewed at https://www.watchlistnews.com/bank-of-nova-scotia-the-bns-holdings-boosted-by-northern-trust-corp/1607243.html.

A number of research firms recently weighed in on BNS. BidaskClub lowered shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Citigroup Inc. upgraded shares of Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a report on Wednesday, September 20th. Canaccord Genuity set a $87.00 price objective on shares of Bank of Nova Scotia (The) and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Zacks Investment Research raised shares of Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Scotiabank reiterated a “buy” rating and issued a $88.00 price objective on shares of Bank of Nova Scotia (The) in a research note on Wednesday, August 30th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Bank of Nova Scotia (The) has an average rating of “Buy” and an average price target of $83.20.

About Bank of Nova Scotia (The)

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.

Want to see what other hedge funds are holding BNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS).

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

Receive News & Ratings for Bank of Nova Scotia (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia (The) and related companies with Analyst Ratings Network's FREE daily email newsletter.