Zions Bancorporation increased its stake in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 20.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 6,063 shares of the bank’s stock after purchasing an additional 1,017 shares during the quarter. Zions Bancorporation’s holdings in Bank of Nova Scotia were worth $390,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Baltimore Capital Management Inc. lifted its holdings in shares of Bank of Nova Scotia by 9.0% during the third quarter. Baltimore Capital Management Inc. now owns 32,025 shares of the bank’s stock worth $2,058,000 after buying an additional 2,650 shares during the last quarter. AMP Capital Investors Ltd lifted its holdings in shares of Bank of Nova Scotia by 9.1% during the third quarter. AMP Capital Investors Ltd now owns 545,893 shares of the bank’s stock worth $35,007,000 after buying an additional 45,541 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Bank of Nova Scotia by 20.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 9,413 shares of the bank’s stock worth $604,000 after buying an additional 1,600 shares during the last quarter. Argent Trust Co acquired a new position in shares of Bank of Nova Scotia during the third quarter worth approximately $302,000. Finally, Mackenzie Financial Corp lifted its holdings in shares of Bank of Nova Scotia by 0.5% during the third quarter. Mackenzie Financial Corp now owns 6,762,467 shares of the bank’s stock worth $434,489,000 after buying an additional 33,137 shares during the last quarter. Hedge funds and other institutional investors own 47.01% of the company’s stock.

A number of analysts have recently issued reports on the company. BidaskClub upgraded Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Canaccord Genuity set a $87.00 price objective on Bank of Nova Scotia and gave the company a “buy” rating in a research report on Tuesday, August 29th. Scotiabank restated a “buy” rating and set a $88.00 price objective on shares of Bank of Nova Scotia in a research report on Wednesday, August 30th. Citigroup upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 20th. Finally, Macquarie assumed coverage on Bank of Nova Scotia in a research report on Tuesday, October 24th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $85.80.

Shares of Bank of Nova Scotia (NYSE:BNS) opened at $64.74 on Tuesday. The stock has a market capitalization of $77,950.09, a P/E ratio of 12.97, a PEG ratio of 1.54 and a beta of 1.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. Bank of Nova Scotia has a 1 year low of $53.86 and a 1 year high of $66.78.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be given a $0.617 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend is Friday, December 29th. Bank of Nova Scotia’s dividend payout ratio (DPR) is 49.50%.

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About Bank of Nova Scotia

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 (NYSE:BNS)

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