Bank of Nova Scotia (The) (BNS) Holdings Reduced by FDx Advisors Inc.

FDx Advisors Inc. decreased its position in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 9.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,676 shares of the bank’s stock after selling 996 shares during the period. FDx Advisors Inc.’s holdings in Bank of Nova Scotia (The) were worth $622,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BNS. Fiduciary Trust Co. bought a new stake in Bank of Nova Scotia (The) during the 2nd quarter worth approximately $102,000. IFP Advisors Inc raised its stake in Bank of Nova Scotia (The) by 46.7% during 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 period. ARP Americas LLC bought a new stake in Bank of Nova Scotia (The) during the 3rd quarter worth approximately $202,000. Quantum Capital Management bought a new stake in Bank of Nova Scotia (The) during the 2nd quarter worth approximately $205,000. Finally, Cetera Investment Advisers bought a new stake in Bank of Nova Scotia (The) during the 2nd quarter worth approximately $207,000. Institutional investors own 46.51% of the company’s stock.

Shares of Bank of Nova Scotia (NYSE:BNS) opened at $66.26 on Friday. The stock has a market cap of $79,000.00, a P/E ratio of 13.32, a PEG ratio of 1.51 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13. Bank of Nova Scotia has a 1 year low of $52.87 and a 1 year high of $66.35.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period last year, the business posted $1.54 earnings per share. sell-side analysts expect that Bank of Nova Scotia will post 5.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 3rd were issued a $0.6294 dividend. The ex-dividend date was Monday, October 2nd. This is a positive change from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. This represents a $2.52 dividend on an annualized basis and a dividend yield of 3.80%. Bank of Nova Scotia (The)’s dividend payout ratio (DPR) is 48.91%.

A number of research firms have commented on BNS. Zacks Investment Research cut shares of Bank of Nova Scotia (The) from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Citigroup Inc. upgraded shares of Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 20th. BidaskClub cut shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Scotiabank restated a “buy” rating and set a $88.00 target price on shares of Bank of Nova Scotia (The) in a research note on Wednesday, August 30th. Finally, Canaccord Genuity set a $87.00 target price on shares of Bank of Nova Scotia (The) and gave the stock a “buy” rating in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $83.20.

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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.

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

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