Sumitomo Mitsui DS Asset Management Company Ltd Has $495,000 Stock Holdings in The Bank of Nova Scotia (NYSE:BNS)

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 2.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,082 shares of the bank’s stock after selling 250 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Bank of Nova Scotia were worth $495,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BNS. Mather Group LLC. grew its stake in Bank of Nova Scotia by 1,388.9% in the second quarter. Mather Group LLC. now owns 536 shares of the bank’s stock valued at $25,000 after purchasing an additional 500 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Bank of Nova Scotia by 3,127.8% in the 2nd quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after buying an additional 563 shares in the last quarter. Headlands Technologies LLC acquired a new position in Bank of Nova Scotia in the first quarter worth approximately $53,000. City State Bank bought a new position in Bank of Nova Scotia during the third quarter valued at approximately $57,000. Finally, Galibier Capital Management Ltd. acquired a new stake in Bank of Nova Scotia in the first quarter valued at approximately $76,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BNS. UBS Group assumed coverage on shares of Bank of Nova Scotia in a research note on Tuesday, July 2nd. They set 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 research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Hold” and an average price target of $69.00.

Bank of Nova Scotia Trading Down 0.6 %

Shares of BNS stock opened at $52.59 on Wednesday. The business’s 50 day moving average is $51.44 and its two-hundred day moving average is $48.41. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The Bank of Nova Scotia has a 12 month low of $39.79 and a 12 month high of $55.12. The company has a market cap of $64.66 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of 1.64 and a beta of 1.05.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, topping the consensus estimate of $1.62 by $0.01. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The firm had revenue of $8.36 billion for the quarter, compared to the consensus estimate of $8.53 billion. During the same quarter last year, the firm posted $1.30 EPS. The business’s quarterly revenue was up 3.7% on a year-over-year basis. Equities analysts predict that The Bank of Nova Scotia will post 4.8 EPS for the current year.

Bank of Nova Scotia Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date is Wednesday, October 2nd. This represents a $3.07 annualized dividend and a dividend yield of 5.84%. Bank of Nova Scotia’s dividend payout ratio is presently 70.50%.

Bank of Nova Scotia 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.