Barclays PLC Sells 18,185 Shares of The Bank of Nova Scotia (NYSE:BNS)

Barclays PLC lessened its position in shares of The Bank of Nova Scotia (NYSE:BNSGet Rating) (TSE:BNS) by 5.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 339,204 shares of the bank’s stock after selling 18,185 shares during the quarter. Barclays PLC’s holdings in Bank of Nova Scotia were worth $16,135,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in shares of Bank of Nova Scotia by 3.7% in the first quarter. Cetera Investment Advisers now owns 5,548 shares of the bank’s stock valued at $398,000 after purchasing an additional 196 shares during the period. Princeton Global Asset Management LLC boosted its stake in shares of Bank of Nova Scotia by 30.8% in the second quarter. Princeton Global Asset Management LLC now owns 850 shares of the bank’s stock valued at $50,000 after purchasing an additional 200 shares during the period. Pacifica Partners Inc. boosted its stake in shares of Bank of Nova Scotia by 0.7% in the third quarter. Pacifica Partners Inc. now owns 31,307 shares of the bank’s stock valued at $1,624,000 after purchasing an additional 216 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Bank of Nova Scotia by 6.1% in the second quarter. Sequoia Financial Advisors LLC now owns 4,013 shares of the bank’s stock valued at $238,000 after purchasing an additional 230 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of Bank of Nova Scotia by 14.8% in the third quarter. Fifth Third Bancorp now owns 1,824 shares of the bank’s stock valued at $87,000 after purchasing an additional 235 shares during the period. Institutional investors own 45.19% of the company’s stock.

Wall Street Analyst Weigh In

BNS has been the subject of several recent research reports. StockNews.com assumed coverage on shares of Bank of Nova Scotia in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Scotiabank decreased their price target on shares of Bank of Nova Scotia from C$83.50 to C$81.50 and set a “sector perform” rating for the company in a research note on Wednesday, November 30th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus target price of C$89.77.

Bank of Nova Scotia Stock Down 0.3 %

BNS stock opened at C$51.90 on Wednesday. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. The Bank of Nova Scotia has a twelve month low of C$45.26 and a twelve month high of C$74.86. The company’s 50 day moving average is C$50.39 and its two-hundred day moving average is C$52.76. The stock has a market cap of C$61.85 billion, a P/E ratio of 8.32, a PEG ratio of 1.89 and a beta of 0.98.

Bank of Nova Scotia (NYSE:BNSGet Rating) (TSE:BNS) last announced its earnings results on Tuesday, November 29th. The bank reported C$1.55 EPS for the quarter, beating analysts’ consensus estimates of C$1.49 by C$0.06. The business had revenue of C$5.73 billion for the quarter, compared to analysts’ expectations of C$6.21 billion. Bank of Nova Scotia had a net margin of 21.26% and a return on equity of 15.54%. Research analysts expect that The Bank of Nova Scotia will post 6.11 earnings per share for the current fiscal year.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 27th. Stockholders of record on Wednesday, January 4th will be issued a $0.756 dividend. The ex-dividend date of this dividend is Tuesday, January 3rd. This represents a $3.02 dividend on an annualized basis and a dividend yield of 5.83%. Bank of Nova Scotia’s payout ratio is 48.72%.

Bank of Nova Scotia Company Profile

(Get Rating)

The Bank of Nova Scotia engages in the provision of various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates through four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets.

Further Reading

Want to see what other hedge funds are holding BNS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Bank of Nova Scotia (NYSE:BNSGet Rating) (TSE:BNS).

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.