Sigma Planning Corp Grows Stake in The Bank of Nova Scotia (NYSE:BNS)

Sigma Planning Corp grew its position in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,089 shares of the bank’s stock after purchasing an additional 210 shares during the quarter. Sigma Planning Corp’s holdings in Bank of Nova Scotia were worth $604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. grew its holdings 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 worth $25,000 after purchasing an additional 500 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Bank of Nova Scotia by 3,127.8% during the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after buying an additional 563 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Bank of Nova Scotia during the first quarter valued at $53,000. City State Bank purchased a new stake in shares of Bank of Nova Scotia during the third quarter valued at $57,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Bank of Nova Scotia by 102.1% during the first quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock valued at $83,000 after buying an additional 811 shares during the last quarter. 49.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BNS has been the topic of a number of research analyst reports. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. 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 given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Bank of Nova Scotia has a consensus rating of “Hold” and a consensus target price of $69.00.

Bank of Nova Scotia Trading Up 0.5 %

NYSE BNS opened at $53.84 on Friday. The company has a market capitalization of $66.63 billion, a PE ratio of 12.88, a P/E/G ratio of 1.60 and a beta of 1.05. The company has a fifty day moving average of $52.84 and a 200 day moving average of $48.99. The Bank of Nova Scotia has a 1 year low of $41.80 and a 1 year high of $55.12. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.02 and a quick ratio of 1.02.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.53 billion. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.30 earnings per share. Research analysts forecast that The Bank of Nova Scotia will post 4.79 earnings per share for the current year.

Bank of Nova Scotia Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Wednesday, October 2nd were given a $0.768 dividend. The ex-dividend date was Wednesday, October 2nd. This represents a $3.07 dividend on an annualized basis and a dividend yield of 5.71%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 74.88%.

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.