Signaturefd LLC increased its holdings in The Bank of Nova Scotia (NYSE:BNS – Free Report) (TSE:BNS) by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,470 shares of the bank’s stock after purchasing an additional 216 shares during the quarter. Signaturefd LLC’s holdings in Bank of Nova Scotia were worth $1,006,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in BNS. Mather Group LLC. grew its stake in shares of Bank of Nova Scotia by 1,388.9% during the second quarter. Mather Group LLC. now owns 536 shares of the bank’s stock valued at $25,000 after buying an additional 500 shares during the last quarter. Blue Trust Inc. boosted its holdings in Bank of Nova Scotia by 3,127.8% during the 2nd quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after acquiring an additional 563 shares during the period. Headlands Technologies LLC bought a new position in Bank of Nova Scotia during the 1st quarter worth approximately $53,000. City State Bank purchased a new position in Bank of Nova Scotia in the 3rd quarter worth approximately $57,000. Finally, Galibier Capital Management Ltd. bought a new stake in Bank of Nova Scotia in the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 49.13% of the company’s stock.
Bank of Nova Scotia Price Performance
Shares of BNS stock opened at $52.41 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02. The Bank of Nova Scotia has a fifty-two week low of $39.79 and a fifty-two week high of $55.12. The firm has a market cap of $64.44 billion, a P/E ratio of 11.80, a P/E/G ratio of 1.64 and a beta of 1.05. The business’s 50 day moving average price is $51.57 and its 200-day moving average price is $48.44.
Bank of Nova Scotia Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd will be given a dividend of $0.768 per share. This represents a $3.07 annualized dividend and a dividend yield of 5.86%. The ex-dividend date is Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio is currently 70.50%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. UBS Group initiated coverage on shares of Bank of Nova Scotia in a report on Tuesday, July 2nd. They issued a “neutral” rating on the stock. Cibc World Mkts raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus target price of $69.00.
View Our Latest Analysis on BNS
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.
Further Reading
- Five stocks we like better than Bank of Nova Scotia
- High Flyers: 3 Natural Gas Stocks for March 2022
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is Short Interest? How to Use It
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- 3 Fintech Stocks With Good 2021 Prospects
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Want to see what other hedge funds are holding BNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bank of Nova Scotia (NYSE:BNS – Free Report) (TSE:BNS).
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.