The Bank of Nova Scotia (NYSE:BNS) Shares Bought by Bailard Inc.

Bailard Inc. grew its position in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 3.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,035 shares of the bank’s stock after purchasing an additional 518 shares during the quarter. Bailard Inc.’s holdings in Bank of Nova Scotia were worth $808,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP raised its holdings in shares of Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock valued at $33,000 after purchasing an additional 350 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Bank of Nova Scotia by 1,588.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock worth $47,000 after acquiring an additional 810 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Bank of Nova Scotia during the 4th quarter worth about $73,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bank of Nova Scotia during the 3rd quarter worth about $111,000. Finally, Farther Finance Advisors LLC raised its position in shares of Bank of Nova Scotia by 11.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank’s stock worth $148,000 after acquiring an additional 288 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research report on Thursday, November 21st. UBS Group upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. CIBC reiterated a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Royal Bank of Canada cut their price target on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $75.50.

Bank of Nova Scotia Trading Down 0.5 %

NYSE BNS opened at $49.38 on Tuesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $61.50 billion, a PE ratio of 11.43, a P/E/G ratio of 1.16 and a beta of 1.07. The Bank of Nova Scotia has a one year low of $43.67 and a one year high of $57.07. The firm’s fifty day moving average is $51.55 and its two-hundred day moving average is $52.50.

Bank of Nova Scotia Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a $0.7415 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Tuesday, April 1st. Bank of Nova Scotia’s payout ratio is currently 82.20%.

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.