Voya Investment Management LLC lifted its position in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 9.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,640 shares of the bank’s stock after purchasing an additional 675 shares during the period. Voya Investment Management LLC’s holdings in Bank of Nova Scotia (The) were worth $459,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Bank of Nova Scotia (The) by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,978 shares of the bank’s stock valued at $85,624,000 after purchasing an additional 49,998 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Bank of Nova Scotia (The) by 11.6% in the second quarter. Renaissance Technologies LLC now owns 563,900 shares of the bank’s stock valued at $33,910,000 after purchasing an additional 58,400 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of Bank of Nova Scotia (The) by 12.9% in the second quarter. Parametric Portfolio Associates LLC now owns 433,607 shares of the bank’s stock valued at $26,073,000 after purchasing an additional 49,697 shares during the period. Advisor Group Inc. boosted its holdings in shares of Bank of Nova Scotia (The) by 31.4% in the second quarter. Advisor Group Inc. now owns 10,842 shares of the bank’s stock valued at $628,000 after purchasing an additional 2,592 shares during the period. Finally, Horizon Investments LLC bought a new position in Bank of Nova Scotia (The) in the second quarter worth approximately $540,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Bank of Nova Scotia (NYSE:BNS) opened at $65.53 on Wednesday. The stock has a market capitalization of $78,866.12, a price-to-earnings ratio of 13.43, a PEG ratio of 1.51 and a beta of 1.28. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13. Bank of Nova Scotia has a 12-month low of $51.21 and a 12-month high of $65.85.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last issued 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). The business had revenue of $5.22 billion for 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 in the previous year, the company posted $1.54 earnings per share. equities research analysts anticipate that Bank of Nova Scotia will post 5.24 EPS for the current year.

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

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BNS has been the subject of a number of recent research reports. Zacks Investment Research raised shares of 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 research note on Tuesday, July 18th. Canaccord Genuity initiated coverage on shares of Bank of Nova Scotia (The) in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. BidaskClub raised shares of Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Citigroup Inc. raised shares of Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. Finally, Scotiabank reissued 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price 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.

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

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