Nykredit A S acquired a new position in shares of Bank of Nova Scotia (The) (NYSE:BNS – Free Report) (TSE:BNS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 278,287 shares of the bank’s stock, valued at approximately $24,179,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prospera Financial Services Inc boosted its holdings in Bank of Nova Scotia by 3.9% during the fourth quarter. Prospera Financial Services Inc now owns 4,625 shares of the bank’s stock worth $341,000 after buying an additional 173 shares during the last quarter. Larson Financial Group LLC grew its position in shares of Bank of Nova Scotia by 22.3% during the 4th quarter. Larson Financial Group LLC now owns 1,280 shares of the bank’s stock worth $94,000 after buying an additional 233 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Bank of Nova Scotia by 8.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,193 shares of the bank’s stock valued at $235,000 after acquiring an additional 239 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of Bank of Nova Scotia by 8.5% in the 3rd quarter. Parallel Advisors LLC now owns 3,326 shares of the bank’s stock valued at $215,000 after acquiring an additional 261 shares during the last quarter. Finally, Kathmere Capital Management LLC raised its position in shares of Bank of Nova Scotia by 8.5% in the 1st quarter. Kathmere Capital Management LLC now owns 3,579 shares of the bank’s stock valued at $248,000 after acquiring an additional 281 shares during the period. Institutional investors own 49.13% of the company’s stock.
Bank of Nova Scotia Trading Up 1.7%
NYSE:BNS opened at $94.86 on Friday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50-day simple moving average is $88.66 and its 200-day simple moving average is $80.62. Bank of Nova Scotia has a fifty-two week low of $62.79 and a fifty-two week high of $95.34. The stock has a market capitalization of $115.62 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.05 and a beta of 1.12.
Bank of Nova Scotia Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 28th. Stockholders of record on Tuesday, October 6th will be issued a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Tuesday, October 6th. Bank of Nova Scotia’s dividend payout ratio is 58.05%.
Wall Street Analyst Weigh In
BNS has been the topic of several recent analyst reports. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, August 25th. Weiss Ratings upgraded shares of Bank of Nova Scotia from a “buy (b+)” rating to a “buy (a-)” rating in a report on Tuesday. Royal Bank Of Canada lifted their price target on shares of Bank of Nova Scotia from $98.00 to $117.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 28th. National Bank Financial raised shares of Bank of Nova Scotia from a “sector perform” rating to an “outperform” rating in a report on Wednesday, August 26th. Finally, Keefe, Bruyette & Woods started coverage on shares of Bank of Nova Scotia in a report on Friday, August 21st. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.00.
Check Out Our Latest Stock Report on BNS
Bank of Nova Scotia Company Profile
Bank of Nova Scotia, commonly known as Scotiabank, is a Canadian multinational banking and financial services company founded in 1832 and headquartered in Toronto, Ontario. It is one of Canada’s largest banks and provides a broad range of financial services to retail, commercial, corporate and institutional clients. The bank combines a domestic Canadian franchise with an extensive international presence to serve customers across multiple markets.
Scotiabank’s core activities include personal and commercial banking, wealth management, corporate and investment banking, capital markets, and global transaction banking.
Featured Articles
- Five stocks we like better than Bank of Nova Scotia
- The Path to $230 Billion: Broadcom Outlines the Next Phase of Its AI Growth Story
- NVIDIA’s Hugging Face Deal Raises a Bigger Question About Its AI Moat Now
- Dropping the Dough: Yum! Brands Strategically Trims the Fat
- These 3 Stock Charts Just Flashed the Dreaded Death Cross Pattern
Want to see what other hedge funds are holding BNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank of Nova Scotia (The) (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.
