Radnor Capital Management LLC Sells 1,213 Shares of The Bank of Nova Scotia (NYSE:BNS)

Radnor Capital Management LLC lowered its stake in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,090 shares of the bank’s stock after selling 1,213 shares during the period. Radnor Capital Management LLC’s holdings in Bank of Nova Scotia were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Bank of Nova Scotia by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 46,971,032 shares of the bank’s stock worth $2,287,020,000 after purchasing an additional 1,279,934 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of Bank of Nova Scotia by 3.4% during the third quarter. Toronto Dominion Bank now owns 22,567,680 shares of the bank’s stock valued at $1,028,861,000 after buying an additional 736,807 shares during the last quarter. TD Asset Management Inc boosted its holdings in shares of Bank of Nova Scotia by 23.2% in the 4th quarter. TD Asset Management Inc now owns 19,841,901 shares of the bank’s stock valued at $970,577,000 after buying an additional 3,731,541 shares in the last quarter. Norges Bank purchased a new position in shares of Bank of Nova Scotia in the 4th quarter worth approximately $652,409,000. Finally, Scotia Capital Inc. raised its stake in shares of Bank of Nova Scotia by 1.4% during the 3rd quarter. Scotia Capital Inc. now owns 13,387,765 shares of the bank’s stock worth $600,211,000 after acquiring an additional 183,008 shares in the last quarter. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Up 0.5 %

Bank of Nova Scotia stock opened at $45.36 on Monday. The business’s 50-day simple moving average is $47.07 and its two-hundred day simple moving average is $47.64. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market cap of $55.77 billion, a PE ratio of 10.16, a PEG ratio of 1.68 and a beta of 1.05. The Bank of Nova Scotia has a fifty-two week low of $39.79 and a fifty-two week high of $51.98.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings results on Tuesday, May 28th. The bank reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.02. Bank of Nova Scotia had a return on equity of 11.40% and a net margin of 10.40%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.10 billion. Equities analysts anticipate that The Bank of Nova Scotia will post 4.82 EPS for the current year.

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.769 per share. This represents a $3.08 annualized dividend and a dividend yield of 6.78%. The ex-dividend date is Wednesday, July 3rd. Bank of Nova Scotia’s payout ratio is currently 70.72%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays started coverage on shares of Bank of Nova Scotia in a research note on Wednesday, March 20th. They issued an “underweight” rating and a $70.00 target price for the company. StockNews.com downgraded Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $68.00.

Bank of Nova Scotia Profile

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.