Bank of Nova Scotia (BNS) Position Cut by Andra AP fonden

Andra AP fonden reduced its holdings in shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,100 shares of the bank’s stock after selling 5,900 shares during the period. Andra AP fonden’s holdings in Bank of Nova Scotia were worth $8,708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Bank of Montreal Can increased its position in Bank of Nova Scotia by 8.0% during the 3rd quarter. Bank of Montreal Can now owns 50,478,972 shares of the bank’s stock valued at $3,010,061,000 after buying an additional 3,741,346 shares in the last quarter. Toronto Dominion Bank increased its position in Bank of Nova Scotia by 37.5% during the 2nd quarter. Toronto Dominion Bank now owns 20,945,499 shares of the bank’s stock valued at $1,199,742,000 after buying an additional 5,709,563 shares in the last quarter. Great West Life Assurance Co. Can increased its position in Bank of Nova Scotia by 0.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 13,977,544 shares of the bank’s stock valued at $794,079,000 after buying an additional 101,106 shares in the last quarter. Letko Brosseau & Associates Inc. increased its position in Bank of Nova Scotia by 2.5% during the 2nd quarter. Letko Brosseau & Associates Inc. now owns 7,074,301 shares of the bank’s stock valued at $400,328,000 after buying an additional 169,207 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp increased its position in Bank of Nova Scotia by 20.1% during the 2nd quarter. OMERS ADMINISTRATION Corp now owns 6,920,196 shares of the bank’s stock valued at $391,607,000 after buying an additional 1,159,645 shares in the last quarter. 46.18% of the stock is currently owned by institutional investors.

Bank of Nova Scotia stock opened at $55.47 on Thursday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09. The stock has a market cap of $73.45 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.75 and a beta of 1.27. Bank of Nova Scotia has a fifty-two week low of $54.57 and a fifty-two week high of $66.78.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings results on Tuesday, August 28th. The bank reported $1.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.39. The business had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.34 billion. Bank of Nova Scotia had a return on equity of 14.62% and a net margin of 21.55%. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.66 EPS. On average, research analysts forecast that Bank of Nova Scotia will post 5.42 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 29th. Shareholders of record on Tuesday, October 2nd will be paid a dividend of $0.6539 per share. This represents a $2.62 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Monday, October 1st. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.64. Bank of Nova Scotia’s payout ratio is presently 50.19%.

Several research analysts recently issued reports on BNS shares. Canaccord Genuity lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Zacks Investment Research upgraded Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research note on Wednesday, June 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $83.00.

Bank of Nova Scotia Company Profile

The Bank of Nova Scotia provides various financial services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. It offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.

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

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