Numeric Investors LLC boosted its stake in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 204.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,500 shares of the bank’s stock after buying an additional 82,200 shares during the quarter. Numeric Investors LLC’s holdings in Bank of Nova Scotia (The) were worth $7,358,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Fiduciary Trust Co. purchased a new stake in shares of Bank of Nova Scotia (The) in the 2nd quarter valued at approximately $102,000. IFP Advisors Inc lifted its holdings in shares of Bank of Nova Scotia (The) by 46.7% in the 2nd quarter. IFP Advisors Inc now owns 2,077 shares of the bank’s stock worth $125,000 after acquiring an additional 661 shares during the last quarter. Quantum Capital Management acquired a new position in shares of Bank of Nova Scotia (The) in the 2nd quarter worth approximately $205,000. CAPROCK Group Inc. acquired a new position in shares of Bank of Nova Scotia (The) in the 2nd quarter worth approximately $211,000. Finally, Nwam LLC acquired a new position in shares of Bank of Nova Scotia (The) in the 2nd quarter worth approximately $215,000. 45.12% of the stock is owned by institutional investors.

Shares of Bank of Nova Scotia (NYSE:BNS) opened at 64.25 on Monday. Bank of Nova Scotia has a one year low of $51.21 and a one year high of $64.93. The stock has a market cap of $76.99 billion, a P/E ratio of 12.17 and a beta of 1.26. The firm’s 50-day moving average price is $61.99 and its 200 day moving average price is $59.32.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.38). Bank of Nova Scotia (The) had a return on equity of 14.54% and a net margin of 22.26%. The business had revenue of $5.22 billion for the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the firm earned $1.54 earnings per share. Equities research analysts expect that Bank of Nova Scotia will post $5.30 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Tuesday, October 3rd will be issued a dividend of $0.6294 per share. This is a positive change from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Monday, October 2nd. This represents a $2.52 annualized dividend and a dividend yield of 3.92%. Bank of Nova Scotia (The)’s payout ratio is presently 46.30%.

Several research firms recently weighed in on BNS. Zacks Investment Research upgraded shares of Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a report on Tuesday, June 20th. BidaskClub cut Bank of Nova Scotia (The) from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Canaccord Genuity set a $87.00 price target on Bank of Nova Scotia (The) and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Scotiabank restated a “buy” rating and set a $88.00 price target on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. Finally, Citigroup Inc. raised Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.20.

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Bank of Nova Scotia (The) 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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