Bank of Nova Scotia (BNS) Position Lifted by AMP Capital Investors Ltd

AMP Capital Investors Ltd boosted its holdings in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 9.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 545,893 shares of the bank’s stock after acquiring an additional 45,541 shares during the period. AMP Capital Investors Ltd’s holdings in Bank of Nova Scotia were worth $35,007,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. TD Asset Management Inc. lifted its holdings in Bank of Nova Scotia by 1.4% in the third quarter. TD Asset Management Inc. now owns 38,795,439 shares of the bank’s stock valued at $2,487,821,000 after acquiring an additional 523,053 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Bank of Nova Scotia 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 acquiring an additional 1,105,865 shares during the last quarter. Jarislowsky Fraser Ltd lifted its holdings in Bank of Nova Scotia by 1.0% in the third quarter. Jarislowsky Fraser Ltd now owns 16,829,361 shares of the bank’s stock valued at $1,079,211,000 after acquiring an additional 173,233 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Bank of Nova Scotia by 7.2% in the third quarter. Great West Life Assurance Co. Can now owns 13,611,106 shares of the bank’s stock valued at $873,039,000 after acquiring an additional 913,814 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Bank of Nova Scotia by 0.8% in the third quarter. CIBC Asset Management Inc now owns 12,584,409 shares of the bank’s stock valued at $806,732,000 after acquiring an additional 101,510 shares during the last quarter. Hedge funds and other institutional investors own 47.01% of the company’s stock.

A number of research analysts recently commented on the company. Zacks Investment Research cut Bank of Nova Scotia from a “buy” rating to a “sell” rating in a report on Tuesday, October 31st. Scotiabank reiterated a “buy” rating and issued a $95.00 price objective on shares of Bank of Nova Scotia in a report on Wednesday, November 22nd. Citigroup upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Wednesday, September 20th. BidaskClub cut Bank of Nova Scotia from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $93.00 price objective on shares of Bank of Nova Scotia in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $85.80.

Shares of Bank of Nova Scotia (BNS) opened at $63.91 on Thursday. The stock has a market capitalization of $76,630.93, a P/E ratio of 12.75, a price-to-earnings-growth ratio of 1.53 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.06. Bank of Nova Scotia has a 12-month low of $53.86 and a 12-month high of $66.78.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Shareholders of record on Tuesday, January 2nd will be given a $0.617 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date is Friday, December 29th. Bank of Nova Scotia’s payout ratio is 49.50%.

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Bank of Nova Scotia 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 (NYSE:BNS)

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