4,054 Shares in The Bank of Nova Scotia (NYSE:BNS) Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,054 shares of the bank’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. increased its holdings in 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 buying an additional 500 shares during the period. Blue Trust Inc. increased its holdings in Bank of Nova Scotia by 3,127.8% in the 2nd quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after buying an additional 563 shares during the period. Headlands Technologies LLC bought a new stake in Bank of Nova Scotia in the 1st quarter valued at $53,000. City State Bank bought a new stake in Bank of Nova Scotia in the 3rd quarter valued at $57,000. Finally, EverSource Wealth Advisors LLC increased its holdings in Bank of Nova Scotia by 102.1% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,605 shares of the bank’s stock valued at $83,000 after buying an additional 811 shares during the period. Institutional investors own 49.13% of the company’s stock.

Analyst Ratings Changes

Several 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. Cibc World Mkts raised shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a report on Friday, September 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Bank of Nova Scotia presently has a consensus rating of “Hold” and an average price target of $69.00.

Bank of Nova Scotia Stock Up 0.5 %

BNS opened at $52.22 on Wednesday. The firm’s 50-day simple moving average is $51.96 and its 200-day simple moving average is $48.51. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.02 and a current ratio of 1.02. The Bank of Nova Scotia has a twelve month low of $40.21 and a twelve month high of $55.12. The firm has a market cap of $64.63 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 1.64 and a beta of 1.05.

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

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were given a dividend of $0.768 per share. The ex-dividend date was Wednesday, October 2nd. This represents a $3.07 annualized dividend and a yield of 5.88%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 74.88%.

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.