Tower Research Capital LLC TRC Has $53,000 Holdings in The Bank of Nova Scotia (NYSE:BNS)

Tower Research Capital LLC TRC lessened its holdings in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 88.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,094 shares of the bank’s stock after selling 8,655 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Bank of Nova Scotia were worth $53,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Bank of Nova Scotia by 135.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 919 shares of the bank’s stock worth $42,000 after purchasing an additional 529 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Bank of Nova Scotia in the 3rd quarter worth about $42,000. Fifth Third Bancorp grew its holdings in shares of Bank of Nova Scotia by 71.6% in the 4th quarter. Fifth Third Bancorp now owns 858 shares of the bank’s stock worth $42,000 after purchasing an additional 358 shares during the last quarter. NBC Securities Inc. bought a new stake in shares of Bank of Nova Scotia in the 3rd quarter worth about $67,000. Finally, Motco grew its holdings in Bank of Nova Scotia by 1,086.2% during the 3rd quarter. Motco now owns 2,491 shares of the bank’s stock worth $114,000 after acquiring an additional 2,281 shares during the last quarter. Institutional investors own 49.13% of the company’s stock.

Analysts Set New Price Targets

BNS has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of Bank of Nova Scotia in a report on Thursday, February 22nd. They set a “hold” rating on the stock. Barclays initiated coverage on shares of Bank of Nova Scotia in a research report on Wednesday, March 20th. They issued an “underweight” rating and a $70.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $68.00.

Bank of Nova Scotia Stock Down 1.2 %

Shares of BNS traded down $0.56 during mid-day trading on Tuesday, hitting $45.88. 1,341,788 shares of the company’s stock were exchanged, compared to its average volume of 2,078,186. The company has a market cap of $56.07 billion, a PE ratio of 10.15, a P/E/G ratio of 1.54 and a beta of 1.04. The Bank of Nova Scotia has a 52 week low of $39.79 and a 52 week high of $51.98. The company has a 50-day simple moving average of $48.89 and a 200 day simple moving average of $46.52. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, February 27th. The bank reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.06. Bank of Nova Scotia had a net margin of 10.71% and a return on equity of 11.51%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same period last year, the business earned $1.37 earnings per share. On average, research analysts forecast that The Bank of Nova Scotia will post 4.9 earnings per share for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were issued a dividend of $0.7843 per share. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.14 annualized dividend and a yield of 6.84%. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 69.47%.

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.