Deutsche Bank AG Has $92.34 Million Position in The Bank of Nova Scotia (NYSE:BNS)

Deutsche Bank AG boosted its holdings in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 8.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,718,907 shares of the bank’s stock after buying an additional 136,275 shares during the quarter. Deutsche Bank AG’s holdings in Bank of Nova Scotia were worth $92,340,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BNS. Murphy & Mullick Capital Management Corp bought a new position in shares of Bank of Nova Scotia in the 4th quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Bank of Nova Scotia in the fourth quarter valued at about $31,000. Allworth Financial LP lifted its stake in Bank of Nova Scotia by 121.1% in the fourth quarter. Allworth Financial LP now owns 639 shares of the bank’s stock valued at $33,000 after buying an additional 350 shares during the period. Atlas Capital Advisors Inc. bought a new position in Bank of Nova Scotia during the fourth quarter worth about $83,000. Finally, Dunhill Financial LLC acquired a new position in shares of Bank of Nova Scotia during the 4th quarter worth about $95,000. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Price Performance

Shares of BNS opened at $50.20 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day simple moving average of $47.98 and a 200 day simple moving average of $51.17. The Bank of Nova Scotia has a 52-week low of $43.68 and a 52-week high of $57.07. The firm has a market capitalization of $62.53 billion, a PE ratio of 11.62, a P/E/G ratio of 1.16 and a beta of 1.11.

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were issued a $0.7415 dividend. This represents a $2.97 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend was Tuesday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 83.05%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America downgraded shares of Bank of Nova Scotia from a “buy” rating to a “neutral” rating in a research report on Monday, March 31st. Royal Bank of Canada cut their target price on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 26th. CIBC reissued a “neutral” rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. Finally, Cibc World Mkts lowered shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and an average price target of $81.00.

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.