Quadrant Capital Group LLC raised its holdings in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 37.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,703 shares of the bank’s stock after acquiring an additional 2,365 shares during the period. Quadrant Capital Group LLC’s holdings in Bank of Nova Scotia were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new position in Bank of Nova Scotia in the first quarter valued at about $481,000. K.J. Harrison & Partners Inc lifted its holdings in shares of Bank of Nova Scotia by 172.1% in the first quarter. K.J. Harrison & Partners Inc now owns 108,283 shares of the bank’s stock valued at $5,764,000 after purchasing an additional 68,495 shares in the last quarter. Private Capital Group LLC lifted its holdings in shares of Bank of Nova Scotia by 9,420.0% in the first quarter. Private Capital Group LLC now owns 476 shares of the bank’s stock valued at $25,000 after purchasing an additional 471 shares in the last quarter. Creative Planning lifted its holdings in shares of Bank of Nova Scotia by 15.6% in the first quarter. Creative Planning now owns 15,286 shares of the bank’s stock valued at $814,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Avalon Advisors LLC lifted its holdings in shares of Bank of Nova Scotia by 4.8% in the first quarter. Avalon Advisors LLC now owns 26,538 shares of the bank’s stock valued at $1,414,000 after purchasing an additional 1,226 shares in the last quarter. 48.80% of the stock is owned by hedge funds and other institutional investors.
BNS traded down $0.39 on Wednesday, hitting $53.12. 477,522 shares of the company were exchanged, compared to its average volume of 749,712. Bank of Nova Scotia has a 12 month low of $48.34 and a 12 month high of $62.61. The firm has a market capitalization of $65.24 billion, a PE ratio of 9.76, a PEG ratio of 1.97 and a beta of 1.17. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.06 and a current ratio of 1.06.
Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, February 26th. The bank reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.42 by ($0.10). The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.78 billion. Bank of Nova Scotia had a return on equity of 13.93% and a net margin of 19.86%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.74 EPS. On average, research analysts forecast that Bank of Nova Scotia will post 5.36 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were paid a $0.663 dividend. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.65 annualized dividend and a yield of 4.99%. Bank of Nova Scotia’s dividend payout ratio is currently 47.98%.
A number of analysts have recently commented on BNS shares. CIBC lowered Bank of Nova Scotia from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. TD Securities lowered Bank of Nova Scotia from a “buy” rating to a “hold” rating in a report on Tuesday, February 26th. Zacks Investment Research upgraded Bank of Nova Scotia from a “sell” rating to a “hold” rating in a report on Tuesday, April 30th. Desjardins reiterated an “average” rating and set a $81.00 target price on shares of Bank of Nova Scotia in a report on Wednesday, February 27th. Finally, Barclays reiterated a “buy” rating on shares of Bank of Nova Scotia in a report on Friday, May 17th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $79.50.
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Bank of Nova Scotia Profile
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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