Lindbrook Capital LLC Sells 829 Shares of The Bank of Nova Scotia (NYSE:BNS)

Lindbrook Capital LLC cut its stake in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,745 shares of the bank’s stock after selling 829 shares during the quarter. Lindbrook Capital LLC’s holdings in Bank of Nova Scotia were worth $85,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of BNS. Sprott Inc. bought a new position in shares of Bank of Nova Scotia in the third quarter valued at about $146,907,000. Mackenzie Financial Corp increased its position in Bank of Nova Scotia by 8.7% during the third quarter. Mackenzie Financial Corp now owns 15,684,313 shares of the bank’s stock worth $665,191,000 after acquiring an additional 1,256,868 shares during the period. Toronto Dominion Bank increased its position in Bank of Nova Scotia by 3.4% during the third quarter. Toronto Dominion Bank now owns 22,567,680 shares of the bank’s stock worth $1,028,861,000 after acquiring an additional 736,807 shares during the period. Vanguard Group Inc. increased its position in Bank of Nova Scotia by 1.6% during the third quarter. Vanguard Group Inc. now owns 45,691,098 shares of the bank’s stock worth $2,083,057,000 after acquiring an additional 725,489 shares during the period. Finally, Acadian Asset Management LLC increased its position in Bank of Nova Scotia by 360.3% during the third quarter. Acadian Asset Management LLC now owns 705,200 shares of the bank’s stock worth $31,753,000 after acquiring an additional 551,992 shares during the period. 49.13% of the stock is owned by institutional investors.

Bank of Nova Scotia Price Performance

BNS stock opened at $46.80 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The Bank of Nova Scotia has a 12 month low of $39.79 and a 12 month high of $51.98. The firm has a market cap of $57.20 billion, a P/E ratio of 10.35, a P/E/G ratio of 1.56 and a beta of 1.04. The company’s 50-day moving average price is $48.98 and its two-hundred day moving average price is $46.43.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its earnings results on Tuesday, February 27th. The bank reported $1.25 EPS for the quarter, beating the consensus estimate of $1.19 by $0.06. Bank of Nova Scotia had a net margin of 10.71% and a return on equity of 11.51%. The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $6.01 billion. During the same period last year, the firm earned $1.37 EPS. On average, analysts anticipate that The Bank of Nova Scotia will post 4.9 earnings per share for the current fiscal year.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Tuesday, April 2nd will be paid a $0.7843 dividend. This is an increase from Bank of Nova Scotia’s previous quarterly dividend of $0.78. This represents a $3.14 dividend on an annualized basis and a dividend yield of 6.70%. The ex-dividend date of this dividend is Monday, April 1st. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 34.96%.

Analysts Set New Price Targets

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

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.