Bank of Nova Scotia (The) (BNS) Holdings Lifted by State of Wisconsin Investment Board

State of Wisconsin Investment Board raised its stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 0.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,791,933 shares of the bank’s stock after buying an additional 2,300 shares during the quarter. State of Wisconsin Investment Board owned about 0.15% of Bank of Nova Scotia (The) worth $114,911,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BNS. Arrowstreet Capital Limited Partnership grew its holdings in Bank of Nova Scotia (The) by 481.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 6,001,634 shares of the bank’s stock valued at $360,796,000 after buying an additional 4,969,752 shares in the last quarter. Public Sector Pension investment Board boosted its stake in Bank of Nova Scotia (The) by 13,160.8% in the second quarter. Public Sector Pension investment Board now owns 2,380,451 shares of the bank’s stock worth $142,988,000 after buying an additional 2,362,500 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in Bank of Nova Scotia (The) by 787.4% in the second quarter. Canada Pension Plan Investment Board now owns 2,312,474 shares of the bank’s stock worth $138,905,000 after buying an additional 2,051,874 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Bank of Nova Scotia (The) in the second quarter valued at approximately $117,297,000. Finally, Vanguard Group Inc. lifted its position in Bank of Nova Scotia (The) by 4.3% in the second quarter. Vanguard Group Inc. now owns 26,994,461 shares of the bank’s stock valued at $1,623,177,000 after purchasing an additional 1,105,865 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

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Shares of Bank of Nova Scotia (NYSE:BNS) traded up $0.05 during trading on Monday, hitting $65.58. The company had a trading volume of 75,825 shares, compared to its average volume of 653,344. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $78,570.00, a P/E ratio of 13.37, a PEG ratio of 1.51 and a beta of 1.27. Bank of Nova Scotia has a one year low of $51.21 and a one year high of $65.62.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.38). The business had revenue of $5.22 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $1.54 EPS. equities analysts predict that Bank of Nova Scotia will post 5.24 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 3rd were paid a $0.6294 dividend. This represents a $2.52 annualized dividend and a yield of 3.84%. This is a boost from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Monday, October 2nd. Bank of Nova Scotia (The)’s dividend payout ratio is presently 48.91%.

Several analysts have weighed in on BNS shares. BidaskClub downgraded Bank of Nova Scotia (The) from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Macquarie started coverage on Bank of Nova Scotia (The) in a research report on Tuesday, October 24th. They issued an “outperform” rating for the company. Zacks Investment Research upgraded Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 price objective for the company in a research report on Tuesday, July 18th. Canaccord Genuity set a $87.00 price objective on Bank of Nova Scotia (The) and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Scotiabank reiterated a “buy” rating and issued a $88.00 price objective on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average 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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