Guardian Capital Advisors LP Purchases 13,234 Shares of The Bank of Nova Scotia (NYSE:BNS)

Guardian Capital Advisors LP lifted its position in shares of The Bank of Nova Scotia (NYSE:BNSFree Report) (TSE:BNS) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 691,216 shares of the bank’s stock after purchasing an additional 13,234 shares during the period. Bank of Nova Scotia comprises 3.5% of Guardian Capital Advisors LP’s portfolio, making the stock its 4th largest position. Guardian Capital Advisors LP owned 0.06% of Bank of Nova Scotia worth $33,643,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in Bank of Nova Scotia by 135.6% in the third quarter. EverSource Wealth Advisors LLC now owns 919 shares of the bank’s stock valued at $42,000 after acquiring an additional 529 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Bank of Nova Scotia in the third quarter valued at $42,000. Fifth Third Bancorp raised its holdings in Bank of Nova Scotia by 71.6% in the fourth quarter. Fifth Third Bancorp now owns 858 shares of the bank’s stock valued at $42,000 after acquiring an additional 358 shares in the last quarter. NBC Securities Inc. acquired a new stake in Bank of Nova Scotia in the third quarter valued at $67,000. Finally, Motco raised its holdings in shares of Bank of Nova Scotia by 1,086.2% during the third quarter. Motco now owns 2,491 shares of the bank’s stock worth $114,000 after purchasing an additional 2,281 shares during the period. 49.13% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia Stock Performance

Shares of Bank of Nova Scotia stock traded down $0.10 during trading on Tuesday, hitting $48.00. 1,023,904 shares of the stock were exchanged, compared to its average volume of 1,993,690. The stock’s fifty day moving average is $48.76 and its 200 day moving average is $46.85. The stock has a market cap of $59.01 billion, a PE ratio of 10.62, a P/E/G ratio of 1.59 and a beta of 1.05. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.03 and a current ratio of 1.03. The Bank of Nova Scotia has a 12 month low of $39.79 and a 12 month high of $51.98.

Bank of Nova Scotia (NYSE:BNSGet Free Report) (TSE:BNS) last released its quarterly earnings results on Tuesday, February 27th. The bank reported $1.25 EPS for the quarter, topping the consensus estimate of $1.19 by $0.06. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $6.01 billion. Bank of Nova Scotia had a net margin of 10.71% and a return on equity of 11.51%. During the same quarter in the prior year, the firm earned $1.37 earnings per share. As a group, sell-side analysts anticipate that The Bank of Nova Scotia will post 4.9 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 26th. Investors of record on Tuesday, April 2nd were given a $0.7843 dividend. This represents a $3.14 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date was Monday, April 1st. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.78. Bank of Nova Scotia’s dividend payout ratio is currently 69.47%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BNS shares. Barclays started coverage on shares of Bank of Nova Scotia in a report on Wednesday, March 20th. They set an “underweight” rating and a $70.00 target price on the stock. Jefferies Financial Group started coverage on shares of Bank of Nova Scotia in a report on Thursday, February 22nd. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price of $68.00.

Check Out Our Latest Stock Report on BNS

Bank of Nova Scotia Profile

(Free Report)

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.

Read More

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

Receive News & Ratings for Bank of Nova Scotia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Nova Scotia and related companies with MarketBeat.com's FREE daily email newsletter.