The Bank of Nova Scotia (NYSE:BNS) Shares Bought by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 474,559 shares of the bank’s stock after acquiring an additional 16,743 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Bank of Nova Scotia were worth $25,484,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BNS. Murphy & Mullick Capital Management Corp acquired a new position in shares of Bank of Nova Scotia during the fourth quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Bank of Nova Scotia during the 4th quarter valued at about $31,000. Allworth Financial LP lifted its position in Bank of Nova Scotia by 121.1% during the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock worth $33,000 after acquiring an additional 350 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Bank of Nova Scotia by 1,588.2% in 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 during the period. Finally, Fortitude Family Office LLC acquired a new stake in Bank of Nova Scotia in the fourth quarter valued at approximately $73,000. 49.13% of the stock is owned by hedge funds and other institutional investors.

Bank of Nova Scotia Price Performance

Shares of BNS stock opened at $46.92 on Friday. The firm has a fifty day moving average of $49.45 and a two-hundred day moving average of $52.16. The firm has a market cap of $58.44 billion, a P/E ratio of 10.86, a P/E/G ratio of 1.16 and a beta of 1.02. The Bank of Nova Scotia has a 1-year low of $43.68 and a 1-year high of $57.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be paid a $0.7415 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a yield of 6.32%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 82.77%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BNS shares. CIBC restated a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Royal Bank of Canada decreased their price objective on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating for the company in a research report on Wednesday, February 26th. Bank of America downgraded Bank of Nova Scotia from a “buy” rating to a “neutral” rating in a research note on Monday, March 31st. Finally, Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price of $81.00.

Bank of Nova Scotia Company 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.