Delta Lloyd Asset Management N.V. bought a new position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 166,080 shares of the bank’s stock, valued at approximately $9,997,000.

Other hedge funds have also recently bought and sold shares of the company. OMERS ADMINISTRATION Corp increased its stake in 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 worth $204,632,000 after buying an additional 170,800 shares during the last quarter. Creative Planning increased its stake in Bank of Nova Scotia (The) by 7.8% in the second quarter. Creative Planning now owns 14,383 shares of the bank’s stock worth $865,000 after buying an additional 1,044 shares during the last quarter. Aperio Group LLC increased its stake in Bank of Nova Scotia (The) by 4.5% in the second quarter. Aperio Group LLC now owns 761,623 shares of the bank’s stock worth $45,796,000 after buying an additional 32,822 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co increased its stake in Bank of Nova Scotia (The) by 0.7% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 452,542 shares of the bank’s stock worth $27,204,000 after buying an additional 3,223 shares during the last quarter. Finally, Comerica Bank increased its stake in Bank of Nova Scotia (The) by 2.2% in the first quarter. Comerica Bank now owns 69,806 shares of the bank’s stock worth $3,862,000 after buying an additional 1,517 shares during the last quarter. Institutional investors own 45.12% of the company’s stock.

Bank of Nova Scotia (NYSE:BNS) opened at 62.14 on Friday. Bank of Nova Scotia has a 1-year low of $51.21 and a 1-year high of $63.07. The firm has a market capitalization of $74.68 billion, a price-to-earnings ratio of 12.30 and a beta of 1.26. The company has a 50-day moving average price of $61.73 and a 200 day moving average price of $59.19.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last issued its earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by $0.38. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. Bank of Nova Scotia (The) had a return on equity of 14.54% and a net margin of 22.26%. During the same period last year, the business earned $1.54 EPS. Equities analysts anticipate that Bank of Nova Scotia will post $5.18 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Stockholders of record on Tuesday, October 3rd will be given a $0.6294 dividend. This represents a $2.52 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Monday, October 2nd. This is a boost from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. Bank of Nova Scotia (The)’s dividend payout ratio (DPR) is 46.30%.

Bank of Nova Scotia (The) announced that its Board of Directors has approved a stock buyback program on Tuesday, May 30th that allows the company to repurchase 24,000,000 shares. This repurchase authorization allows the bank to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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BNS has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Royal Bank Of Canada boosted their target price on Bank of Nova Scotia (The) from $86.00 to $87.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 31st. Canaccord Genuity set a $87.00 target price on Bank of Nova Scotia (The) and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank reiterated a “buy” rating and set a $88.00 target price on shares of Bank of Nova Scotia (The) in a research report on Wednesday. Finally, BidaskClub upgraded Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a research report on Friday, June 23rd. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $77.75.

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.

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

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