Huntington National Bank Boosts Holdings in Bank of Nova Scotia (BNS)

Huntington National Bank boosted its holdings in shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 69.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,649 shares of the bank’s stock after acquiring an additional 1,089 shares during the quarter. Huntington National Bank’s holdings in Bank of Nova Scotia were worth $171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of BNS. Great West Life Assurance Co. Can grew its holdings in Bank of Nova Scotia by 7.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 13,611,106 shares of the bank’s stock worth $873,039,000 after acquiring an additional 913,814 shares during the last quarter. Highstreet Asset Management Inc. lifted its position in shares of Bank of Nova Scotia by 86.0% in the 4th quarter. Highstreet Asset Management Inc. now owns 1,203,406 shares of the bank’s stock worth $77,661,000 after purchasing an additional 556,316 shares during the period. TD Asset Management Inc. lifted its position in shares of Bank of Nova Scotia by 1.4% in the 3rd quarter. TD Asset Management Inc. now owns 38,795,439 shares of the bank’s stock worth $2,487,821,000 after purchasing an additional 523,053 shares during the period. Acadian Asset Management LLC lifted its position in shares of Bank of Nova Scotia by 43.7% in the 4th quarter. Acadian Asset Management LLC now owns 1,558,600 shares of the bank’s stock worth $100,908,000 after purchasing an additional 474,000 shares during the period. Finally, Investec Asset Management LTD lifted its position in shares of Bank of Nova Scotia by 17.9% in the 3rd quarter. Investec Asset Management LTD now owns 2,992,312 shares of the bank’s stock worth $191,887,000 after purchasing an additional 454,258 shares during the period. 46.76% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia (BNS) opened at $60.79 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 1.06. Bank of Nova Scotia has a 1 year low of $53.86 and a 1 year high of $66.78. The stock has a market cap of $72,505.57, a price-to-earnings ratio of 12.23, a P/E/G ratio of 1.38 and a beta of 1.26.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, November 28th. The bank reported $1.32 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.32. Bank of Nova Scotia had a net margin of 22.20% and a return on equity of 14.62%. The company had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.64 billion. research analysts expect that Bank of Nova Scotia will post 5.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 2nd were given a dividend of $0.617 per share. The ex-dividend date was Friday, December 29th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.06%. Bank of Nova Scotia’s payout ratio is presently 51.51%.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating in a research report on Friday. Canaccord Genuity restated a “buy” rating and issued a $93.00 price target on shares of Bank of Nova Scotia in a research report on Tuesday, December 5th. Scotiabank restated a “buy” rating and issued a $95.00 price target on shares of Bank of Nova Scotia in a research report on Wednesday, November 22nd. Finally, Macquarie assumed coverage on shares of Bank of Nova Scotia in a research report on Tuesday, October 24th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $86.00.

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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.

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

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