1 week Ago By ABMN Staff
Farmers & Merchants Investments Inc. cut its holdings in The Bank of Nova Scotia ( NYSE:BNS – Free Report ) (TSE:BNS) by 43.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 1,141 shares of the bank’s stock after selling 859 shares during the period. Farmers & Merchants Investments Inc.’s holdings in Bank of Nova Scotia were worth $52,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in BNS. Mather Group LLC. lifted its stake in shares of Bank of Nova Scotia by 1,388.
9% in the 2nd quarter. Mather Group LLC. now owns 536 shares of the bank’s stock valued at $25,000 after acquiring an additional 500 shares during the last quarter.
Blue Trust Inc. lifted its position in Bank of Nova Scotia by 3,127.8% in the second quarter.
Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after purchasing an additional 563 shares during the last quarter. Bruce G.
Allen Investments LLC boosted its stake in shares of Bank of Nova Scotia by 70.6% during the first quarter. Bruce G.
Allen Investments LLC now owns 585 shares of the bank’s stock valued at $30,000 after purchasing an additional 242 shares during the period. Global Retirement Partners LLC grew its holdings in shares of Bank of Nova Scotia by 144.6% in the first quarter.
Global Retirement Partners LLC now owns 959 shares of the bank’s stock worth $50,000 after purchasing an additional 567 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Bank of Nova Scotia in the first quarter worth $53,000. 49.
13% of the stock is currently owned by hedge funds and other institutional investors. Bank of Nova Scotia Stock Performance NYSE:BNS opened at $50.50 on Friday.
The company has a quick ratio of 1.03, a current ratio of 1.02 and a debt-to-equity ratio of 0.
61. The firm’s fifty day simple moving average is $47.01 and its 200 day simple moving average is $47.
67. The stock has a market cap of $62.09 billion, a P/E ratio of 11.
37, a price-to-earnings-growth ratio of 1.58 and a beta of 1.04.
The Bank of Nova Scotia has a twelve month low of $39.79 and a twelve month high of $51.98.
Bank of Nova Scotia Cuts Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd will be given a $0.768 dividend.
This represents a $3.07 annualized dividend and a dividend yield of 6.08%.
The ex-dividend date of this dividend is Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio is currently 69.14%.
Wall Street Analyst Weigh In A number of equities research analysts have issued reports on the stock. UBS Group assumed coverage on shares of Bank of Nova Scotia in a report on Tuesday, July 2nd. They issued a “neutral” rating on the stock.
StockNews.com downgraded Bank of Nova Scotia from a “hold” rating to a “sell” rating in a report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the stock.
According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $69.00. Read Our Latest Analysis on Bank of Nova Scotia Bank of Nova Scotia Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding BNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bank of Nova Scotia ( NYSE:BNS – Free Report ) (TSE:BNS).
Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter ..
