The Bank of Nova Scotia (NYSE:BNS) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC trimmed its position in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 68.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,604 shares of the bank’s stock after selling 12,367 shares during the period. Todd Asset Management LLC’s holdings in Bank of Nova Scotia were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BNS. Sprott Inc. purchased a new position in Bank of Nova Scotia in the 3rd quarter worth approximately $146,907,000. Mackenzie Financial Corp lifted its stake in Bank of Nova Scotia by 8.7% in the 3rd quarter. Mackenzie Financial Corp now owns 15,684,313 shares of the bank’s stock worth $665,191,000 after purchasing an additional 1,256,868 shares in the last quarter. Toronto Dominion Bank lifted its stake in Bank of Nova Scotia by 3.4% in the 3rd quarter. Toronto Dominion Bank now owns 22,567,680 shares of the bank’s stock worth $1,028,861,000 after purchasing an additional 736,807 shares in the last quarter. Vanguard Group Inc. lifted its stake in Bank of Nova Scotia by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 45,691,098 shares of the bank’s stock worth $2,083,057,000 after purchasing an additional 725,489 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Bank of Nova Scotia by 360.3% during the 3rd quarter. Acadian Asset Management LLC now owns 705,200 shares of the bank’s stock valued at $31,753,000 after buying an additional 551,992 shares during the period. 49.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BNS. Barclays began coverage on shares of Bank of Nova Scotia in a research report on Wednesday, March 20th. They set an “underweight” rating and a $70.00 price target on the stock. Jefferies Financial Group began coverage on shares of Bank of Nova Scotia in a research report on Thursday, February 22nd. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $68.00.

Bank of Nova Scotia Trading Up 1.2 %

NYSE:BNS traded up $0.55 during trading hours on Friday, reaching $46.85. 1,572,888 shares of the stock were exchanged, compared to its average volume of 2,031,532. The Bank of Nova Scotia has a twelve month low of $39.79 and a twelve month high of $51.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average of $48.84 and a two-hundred day moving average of $46.53. The company has a market capitalization of $57.26 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.53 and a beta of 1.05.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, February 27th. The bank reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.06. The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $6.01 billion. Bank of Nova Scotia had a return on equity of 11.51% and a net margin of 10.71%. During the same quarter in the prior year, the company earned $1.37 EPS. On average, equities analysts predict that The Bank of Nova Scotia will post 4.9 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 2nd were issued a $0.7843 dividend. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 6.70%. This is a boost from Bank of Nova Scotia’s previous quarterly dividend of $0.78. Bank of Nova Scotia’s payout ratio is 69.47%.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.