13,100 Shares in Bank of Nova Scotia (NYSE:BNS) Purchased by Tibra Equities Europe Ltd

Tibra Equities Europe Ltd acquired a new position in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,100 shares of the bank’s stock, valued at approximately $744,000.

Other hedge funds have also recently bought and sold shares of the company. Doyle Wealth Management acquired a new position in shares of Bank of Nova Scotia during the 2nd quarter worth approximately $31,000. Mcmillion Capital Management Inc. purchased a new stake in shares of Bank of Nova Scotia during the second quarter worth $46,000. HM Payson & Co. purchased a new stake in shares of Bank of Nova Scotia during the second quarter worth $51,000. LifePlan Financial Group Inc increased its position in shares of Bank of Nova Scotia by 210.7% during the second quarter. LifePlan Financial Group Inc now owns 1,165 shares of the bank’s stock worth $63,000 after acquiring an additional 790 shares during the period. Finally, Lindbrook Capital LLC increased its position in shares of Bank of Nova Scotia by 91.8% during the third quarter. Lindbrook Capital LLC now owns 1,258 shares of the bank’s stock worth $72,000 after acquiring an additional 602 shares during the period. Institutional investors own 46.05% of the company’s stock.

Shares of BNS stock traded down $0.24 on Friday, reaching $57.75. 34,556 shares of the stock were exchanged, compared to its average volume of 742,673. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average price is $57.01 and its 200 day moving average price is $54.22. The company has a market capitalization of $70.50 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 1.86 and a beta of 1.18. Bank of Nova Scotia has a twelve month low of $48.34 and a twelve month high of $58.22.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its earnings results on Tuesday, August 27th. The bank reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Bank of Nova Scotia had a net margin of 18.32% and a return on equity of 13.53%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $7.86 billion. During the same quarter in the previous year, the firm posted $1.76 earnings per share. The company’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts forecast that Bank of Nova Scotia will post 5.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Tuesday, October 1st were paid a $0.682 dividend. This represents a $2.73 annualized dividend and a yield of 4.72%. The ex-dividend date was Monday, September 30th. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.65. Bank of Nova Scotia’s dividend payout ratio is currently 50.00%.

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A number of brokerages recently commented on BNS. Desjardins boosted their target price on shares of Bank of Nova Scotia from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday. Credit Suisse Group boosted their target price on shares of Bank of Nova Scotia from $73.00 to $75.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $52.00 to $62.00 in a research note on Tuesday, September 24th. BMO Capital Markets lowered their target price on shares of Bank of Nova Scotia from $80.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, August 28th. Finally, Zacks Investment Research downgraded shares of Bank of Nova Scotia from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Bank of Nova Scotia presently has an average rating of “Hold” and an average price target of $74.29.

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

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