Lazard Asset Management LLC maintained its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,000 shares of the bank’s stock at the close of the second quarter. Lazard Asset Management LLC’s holdings in Bank of Nova Scotia (The) were worth $120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BNS. M&T Bank Corp bought a new position in shares of Bank of Nova Scotia (The) during the first quarter valued at $222,000. Schroder Investment Management Group lifted its holdings in shares of Bank of Nova Scotia (The) by 5.5% during the first quarter. Schroder Investment Management Group now owns 124,079 shares of the bank’s stock valued at $9,851,000 after acquiring an additional 6,415 shares during the period. Rothschild Asset Management Inc. lifted its holdings in shares of Bank of Nova Scotia (The) by 11.6% during the first quarter. Rothschild Asset Management Inc. now owns 21,273 shares of the bank’s stock valued at $1,655,000 after acquiring an additional 2,217 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Bank of Nova Scotia (The) by 3.9% during the first quarter. Parallel Advisors LLC now owns 5,669 shares of the bank’s stock valued at $313,000 after acquiring an additional 214 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Bank of Nova Scotia (The) by 48.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,373,980 shares of the bank’s stock valued at $80,474,000 after acquiring an additional 445,822 shares during the period. 45.12% of the stock is owned by institutional investors.

BNS has been the subject of a number of analyst reports. Citigroup Inc. raised Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a report on Wednesday, September 20th. Scotiabank reissued a “buy” rating and set a $88.00 price objective on shares of Bank of Nova Scotia (The) in a report on Wednesday, August 30th. Canaccord Genuity set a $87.00 price objective on Bank of Nova Scotia (The) and gave the company a “buy” rating in a report on Tuesday, August 29th. Zacks Investment Research raised Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a report on Tuesday, July 18th. Finally, BidaskClub raised Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Bank of Nova Scotia (The) currently has an average rating of “Buy” and a consensus target price of $83.20.

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Shares of Bank of Nova Scotia (NYSE BNS) opened at 64.25 on Friday. Bank of Nova Scotia has a 52 week low of $51.21 and a 52 week high of $64.93. The stock has a 50 day moving average price of $61.99 and a 200-day moving average price of $59.32. The firm has a market capitalization of $76.99 billion, a price-to-earnings ratio of 12.17 and a beta of 1.27.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released 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 net margin of 22.26% and a return on equity of 14.54%. The company had revenue of $5.22 billion for the quarter, compared to the consensus estimate of $5.28 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. On average, equities research analysts forecast that Bank of Nova Scotia will post $5.30 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 3rd will be given a dividend of $0.6294 per share. This is an increase from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. This represents a $2.52 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, October 2nd. Bank of Nova Scotia (The)’s dividend payout ratio is currently 46.30%.

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.

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

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