Five Oceans Advisors Acquires 544 Shares of The Bank of Nova Scotia (NYSE:BNS)

Five Oceans Advisors grew its holdings in The Bank of Nova Scotia (NYSE:BNSGet Rating) (TSE:BNS) by 17.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,685 shares of the bank’s stock after acquiring an additional 544 shares during the period. Five Oceans Advisors’ holdings in Bank of Nova Scotia were worth $218,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BNS. Steward Partners Investment Advisory LLC increased its holdings in Bank of Nova Scotia by 14.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,287 shares of the bank’s stock valued at $92,000 after acquiring an additional 159 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Bank of Nova Scotia by 3.7% in the 1st quarter. Cetera Investment Advisers now owns 5,548 shares of the bank’s stock worth $398,000 after buying an additional 196 shares in the last quarter. JFS Wealth Advisors LLC grew its stake in shares of Bank of Nova Scotia by 178.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 353 shares of the bank’s stock worth $25,000 after buying an additional 226 shares in the last quarter. Advisor Partners LLC boosted its stake in shares of Bank of Nova Scotia by 1.3% during the 1st quarter. Advisor Partners LLC now owns 18,389 shares of the bank’s stock worth $1,319,000 after purchasing an additional 231 shares during the period. Finally, Bogart Wealth LLC boosted its stake in shares of Bank of Nova Scotia by 1.7% during the 1st quarter. Bogart Wealth LLC now owns 14,932 shares of the bank’s stock worth $1,071,000 after purchasing an additional 247 shares during the period. 45.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on BNS. Stifel Nicolaus lifted their price objective on shares of Bank of Nova Scotia from C$95.00 to C$97.00 in a report on Thursday, May 26th. Canaccord Genuity Group dropped their target price on shares of Bank of Nova Scotia from C$92.00 to C$89.00 and set a “buy” rating on the stock in a research report on Thursday, August 18th. CIBC dropped their price objective on shares of Bank of Nova Scotia from C$88.00 to C$87.00 in a report on Tuesday, August 16th. National Bank Financial dropped their price objective on shares of Bank of Nova Scotia from C$91.00 to C$90.00 in a report on Tuesday, August 16th. Finally, Credit Suisse Group dropped their price objective on shares of Bank of Nova Scotia from C$85.00 to C$84.00 in a report on Wednesday, August 24th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $91.33.

Bank of Nova Scotia Trading Down 2.2 %

Shares of BNS traded down $1.16 during mid-day trading on Friday, reaching $50.66. The stock had a trading volume of 50,326 shares, compared to its average volume of 1,512,095. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.05 and a quick ratio of 1.05. The Bank of Nova Scotia has a 52-week low of $51.72 and a 52-week high of $74.86. The business’s fifty day moving average is $58.03 and its 200 day moving average is $63.06. The firm has a market cap of $60.35 billion, a price-to-earnings ratio of 7.88, a P/E/G ratio of 1.53 and a beta of 0.96.

Bank of Nova Scotia (NYSE:BNSGet Rating) (TSE:BNS) last announced its quarterly earnings data on Tuesday, August 23rd. The bank reported $1.63 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.63. Bank of Nova Scotia had a net margin of 24.43% and a return on equity of 15.73%. The firm had revenue of $6.06 billion during the quarter, compared to analyst estimates of $6.25 billion. On average, sell-side analysts predict that The Bank of Nova Scotia will post 6.51 EPS for the current fiscal year.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Tuesday, October 4th will be issued a $0.7897 dividend. The ex-dividend date is Monday, October 3rd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 6.24%. Bank of Nova Scotia’s payout ratio is 48.63%.

Bank of Nova Scotia Company Profile

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The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

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

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