Crossmark Global Holdings Inc. Takes $15.12 Million Position in Bank of Nova Scotia (The) (BNS)

Crossmark Global Holdings Inc. bought a new stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 235,265 shares of the bank’s stock, valued at approximately $15,116,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Stanley Laman Group Ltd. boosted its position in Bank of Nova Scotia (The) by 0.4% during the 2nd quarter. Stanley Laman Group Ltd. now owns 9,206 shares of the bank’s stock valued at $554,000 after acquiring an additional 39 shares in the last quarter. New England Research & Management Inc. boosted its position in Bank of Nova Scotia (The) by 1.3% during the 2nd quarter. New England Research & Management Inc. now owns 5,700 shares of the bank’s stock valued at $343,000 after acquiring an additional 75 shares in the last quarter. MML Investors Services LLC boosted its position in Bank of Nova Scotia (The) by 2.2% during the 2nd quarter. MML Investors Services LLC now owns 4,935 shares of the bank’s stock valued at $297,000 after acquiring an additional 107 shares in the last quarter. Shoker Investment Counsel Inc. boosted its position in Bank of Nova Scotia (The) by 1.4% during the 2nd quarter. Shoker Investment Counsel Inc. now owns 9,325 shares of the bank’s stock valued at $560,000 after acquiring an additional 133 shares in the last quarter. Finally, Bahl & Gaynor Inc. boosted its position in Bank of Nova Scotia (The) by 1.8% during the 2nd quarter. Bahl & Gaynor Inc. now owns 8,855 shares of the bank’s stock valued at $493,000 after acquiring an additional 155 shares in the last quarter. 46.48% of the stock is currently owned by institutional investors and hedge funds.

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Bank of Nova Scotia (NYSE BNS) traded up 0.34% during mid-day trading on Tuesday, hitting $64.83. The stock had a trading volume of 172,407 shares. The stock has a market cap of $77.68 billion, a P/E ratio of 13.00 and a beta of 1.26. The firm has a 50-day moving average of $64.13 and a 200-day moving average of $60.56. Bank of Nova Scotia has a 52-week low of $51.21 and a 52-week high of $65.07.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.38). The business had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $5.28 billion. Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. During the same period last year, the company earned $1.54 EPS. On average, analysts forecast that Bank of Nova Scotia will post $5.09 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 3rd were issued a $0.6294 dividend. This represents a $2.52 annualized dividend and a yield of 3.90%. The ex-dividend date of this dividend was Monday, October 2nd. This is a positive change from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. Bank of Nova Scotia (The)’s dividend payout ratio is 50.62%.

BNS has been the topic of several recent research reports. Zacks Investment Research raised Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research report on Tuesday, July 18th. Canaccord Genuity initiated coverage on Bank of Nova Scotia (The) in a research report on Tuesday, July 18th. They set a “buy” rating on the stock. BidaskClub raised Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Citigroup Inc. raised Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 20th. Finally, Scotiabank reaffirmed a “buy” rating and set a $88.00 target price on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $83.20.

Bank of Nova Scotia (The) Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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Institutional Ownership by Quarter for Bank of Nova Scotia (The) (NYSE:BNS)

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