Riverhead Capital Management LLC maintained its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,100 shares of the bank’s stock at the close of the second quarter. Riverhead Capital Management LLC’s holdings in Bank of Nova Scotia (The) were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in BNS. Credit Suisse AG grew its position in shares of Bank of Nova Scotia (The) by 135.2% during the first quarter. Credit Suisse AG now owns 4,979,811 shares of the bank’s stock worth $291,668,000 after buying an additional 2,862,657 shares in the last quarter. Canada Pension Plan Investment Board grew its position in shares of Bank of Nova Scotia (The) by 787.4% during 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. acquired a new position in shares of Bank of Nova Scotia (The) during the second quarter worth about $117,297,000. Bank of Nova Scotia acquired a new position in shares of Bank of Nova Scotia (The) during the first quarter worth about $57,437,000. Finally, CIBC Asset Management Inc grew its position in shares of Bank of Nova Scotia (The) by 7.2% during the second quarter. CIBC Asset Management Inc now owns 12,482,899 shares of the bank’s stock worth $750,050,000 after buying an additional 834,837 shares in the last quarter. 45.12% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on the company. Canaccord Genuity assumed coverage on Bank of Nova Scotia (The) in a research report on Tuesday, July 18th. They set a “buy” rating for the company. Citigroup Inc. raised Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 20th. BidaskClub downgraded Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, August 9th. Scotiabank reissued a “buy” rating and set a $88.00 price objective on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. Finally, Zacks Investment Research raised 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $83.20.

Shares of Bank of Nova Scotia (NYSE BNS) opened at 64.71 on Thursday. The stock has a market cap of $77.54 billion, a PE ratio of 12.26 and a beta of 1.26. The company’s 50-day moving average price is $62.87 and its 200 day moving average price is $59.74. Bank of Nova Scotia has a 1-year low of $51.21 and a 1-year high of $64.93.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd will be paid a dividend of $0.6294 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Monday, October 2nd. This is a positive change from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. Bank of Nova Scotia (The)’s dividend payout ratio (DPR) is 52.06%.

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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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