The Bank of Nova Scotia (NYSE:BNS) Shares Bought by Hexagon Capital Partners LLC

Hexagon Capital Partners LLC increased its position in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 43.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,986 shares of the bank’s stock after purchasing an additional 1,216 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Bank of Nova Scotia were worth $194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Pacifica Partners Inc. grew its position in Bank of Nova Scotia by 1.5% in the 4th quarter. Pacifica Partners Inc. now owns 19,185 shares of the bank’s stock valued at $851,000 after acquiring an additional 285 shares in the last quarter. Fifth Third Bancorp increased its stake in Bank of Nova Scotia by 71.6% during the 4th quarter. Fifth Third Bancorp now owns 858 shares of the bank’s stock worth $42,000 after buying an additional 358 shares during the period. Exencial Wealth Advisors LLC boosted its position in Bank of Nova Scotia by 2.0% in the 3rd quarter. Exencial Wealth Advisors LLC now owns 21,042 shares of the bank’s stock valued at $959,000 after buying an additional 416 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Bank of Nova Scotia by 12.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,628 shares of the bank’s stock worth $207,000 after acquiring an additional 500 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Bank of Nova Scotia by 135.6% in the third quarter. EverSource Wealth Advisors LLC now owns 919 shares of the bank’s stock valued at $42,000 after purchasing an additional 529 shares during the period. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Price Performance

Shares of BNS opened at $46.28 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.56. The Bank of Nova Scotia has a twelve month low of $39.79 and a twelve month high of $51.98. The firm has a market capitalization of $56.56 billion, a PE ratio of 10.24, a P/E/G ratio of 1.52 and a beta of 1.05. The stock’s 50 day moving average is $48.87 and its two-hundred day moving average is $46.52.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its quarterly earnings data on Tuesday, February 27th. The bank reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.06. Bank of Nova Scotia had a return on equity of 11.51% and a net margin of 10.71%. The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. Research analysts anticipate that The Bank of Nova Scotia will post 4.9 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.7843 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $3.14 dividend on an annualized basis and a dividend yield of 6.78%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.78. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 69.47%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BNS. Barclays assumed coverage on shares of Bank of Nova Scotia in a report on Wednesday, March 20th. They issued an “underweight” rating and a $70.00 target price on the stock. Jefferies Financial Group began coverage on Bank of Nova Scotia in a report on Thursday, February 22nd. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.00.

About Bank of Nova Scotia

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 through Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets segments.