Vanguard Personalized Indexing Management LLC Boosts Stock Position in The Bank of Nova Scotia (NYSE:BNS)

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,747 shares of the bank’s stock after purchasing an additional 2,563 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bank of Nova Scotia were worth $1,086,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BNS. Mather Group LLC. raised its position in shares of Bank of Nova Scotia by 1,388.9% during the 2nd quarter. Mather Group LLC. now owns 536 shares of the bank’s stock valued at $25,000 after buying an additional 500 shares in the last quarter. Blue Trust Inc. raised its position in Bank of Nova Scotia by 3,127.8% during 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 period. Bruce G. Allen Investments LLC lifted its stake in shares of Bank of Nova Scotia by 70.6% in the 1st 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 last quarter. Headlands Technologies LLC purchased a new position in shares of Bank of Nova Scotia in the 1st quarter worth approximately $53,000. Finally, Galibier Capital Management Ltd. bought a new position in shares of Bank of Nova Scotia during the 1st quarter valued at approximately $76,000. Institutional investors own 49.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com lowered shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 29th. UBS Group started coverage on shares of Bank of Nova Scotia in a research note on Tuesday, July 2nd. They set a “neutral” rating for the company. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, Bank of Nova Scotia currently has a consensus rating of “Hold” and a consensus price target of $69.00.

Bank of Nova Scotia Price Performance

BNS opened at $53.96 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The business has a fifty day moving average of $48.44 and a 200 day moving average of $47.97. The Bank of Nova Scotia has a 52-week low of $39.79 and a 52-week high of $54.41. The stock has a market cap of $66.34 billion, a P/E ratio of 12.15, a PEG ratio of 1.64 and a beta of 1.04.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its quarterly earnings results on Tuesday, August 27th. The bank reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.62 by $0.01. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. The firm had revenue of $8.36 billion for the quarter, compared to analysts’ expectations of $8.53 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Bank of Nova Scotia will post 4.8 EPS for the current year.

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 29th. Stockholders of record on Wednesday, October 2nd will be paid a dividend of $0.768 per share. This represents a $3.07 annualized dividend and a dividend yield of 5.69%. The ex-dividend date is Wednesday, October 2nd. Bank of Nova Scotia’s dividend payout ratio is presently 70.72%.

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.