Signaturefd LLC Sells 295 Shares of The Bank of Nova Scotia (NYSE:BNS)

Signaturefd LLC trimmed its holdings in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,660 shares of the bank’s stock after selling 295 shares during the quarter. Signaturefd LLC’s holdings in Bank of Nova Scotia were worth $762,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in Bank of Nova Scotia by 135.6% during the third quarter. EverSource Wealth Advisors LLC now owns 919 shares of the bank’s stock worth $42,000 after buying an additional 529 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Bank of Nova Scotia during the third quarter worth about $42,000. Fifth Third Bancorp grew its stake in Bank of Nova Scotia by 71.6% during the fourth quarter. Fifth Third Bancorp now owns 858 shares of the bank’s stock worth $42,000 after buying an additional 358 shares in the last quarter. NBC Securities Inc. acquired a new stake in Bank of Nova Scotia during the third quarter worth about $67,000. Finally, Motco grew its stake in 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 buying an additional 2,281 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Bank of Nova Scotia Stock Performance

NYSE:BNS opened at $47.29 on Wednesday. The company has a fifty day moving average of $48.98 and a 200-day moving average of $46.43. The firm has a market capitalization of $57.80 billion, a P/E ratio of 10.46, a P/E/G ratio of 1.55 and a beta of 1.04. 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 twelve month low of $39.79 and a twelve month high of $51.98.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, February 27th. The bank reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.06. The company 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 previous year, the business posted $1.37 EPS. 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 disclosed 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. The ex-dividend date of this dividend is Monday, April 1st. This represents a $3.14 annualized dividend and a dividend yield of 6.63%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.78. Bank of Nova Scotia’s payout ratio is currently 34.96%.

Bank of Nova Scotia 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.