Natixis Advisors LLC Has $2.79 Million Stock Holdings in The Bank of Nova Scotia (NYSE:BNS)

Natixis Advisors LLC grew its stake in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 12.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,240 shares of the bank’s stock after purchasing an additional 5,542 shares during the quarter. Natixis Advisors LLC’s holdings in Bank of Nova Scotia were worth $2,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Ipswich Investment Management Co. Inc. grew its stake in shares of Bank of Nova Scotia by 13.6% in the third quarter. Ipswich Investment Management Co. Inc. now owns 30,086 shares of the bank’s stock valued at $1,639,000 after buying an additional 3,600 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Bank of Nova Scotia by 2.4% in the 3rd quarter. CIBC Asset Management Inc now owns 10,074,518 shares of the bank’s stock valued at $550,729,000 after acquiring an additional 240,803 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Bank of Nova Scotia during the 3rd quarter worth about $179,000. Cumberland Partners Ltd raised its holdings in shares of Bank of Nova Scotia by 0.6% in the 3rd quarter. Cumberland Partners Ltd now owns 76,030 shares of the bank’s stock valued at $4,147,000 after purchasing an additional 451 shares during the period. Finally, Tacita Capital Inc lifted its stake in Bank of Nova Scotia by 2.8% in the 3rd quarter. Tacita Capital Inc now owns 32,130 shares of the bank’s stock valued at $1,753,000 after purchasing an additional 861 shares during the last quarter. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Trading Up 0.4 %

Shares of Bank of Nova Scotia stock opened at $56.45 on Monday. The Bank of Nova Scotia has a 52-week low of $41.80 and a 52-week high of $56.71. The stock has a market cap of $70.25 billion, a PE ratio of 13.50, a PEG ratio of 1.51 and a beta of 1.05. The firm has a 50-day moving average of $53.42 and a 200-day moving average of $49.43. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (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 analyst estimates of $8.53 billion. During the same quarter in the prior year, the business posted $1.30 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. As a group, sell-side analysts forecast that The Bank of Nova Scotia will post 4.53 EPS for the current year.

Bank of Nova Scotia Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 29th. Shareholders of record on Wednesday, October 2nd were issued a $0.768 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $3.07 annualized dividend and a yield of 5.44%. Bank of Nova Scotia’s dividend payout ratio is presently 74.88%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th. Cibc World Mkts upgraded Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 20th. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Barclays raised shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research report on Thursday. Finally, Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.00.

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.