Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new position in shares of Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 800 shares of the bank’s stock, valued at approximately $45,000.
Other large investors have also recently added to or reduced their stakes in the company. DORCHESTER WEALTH MANAGEMENT Co grew its position in Bank of Nova Scotia by 0.6% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 478,095 shares of the bank’s stock worth $27,001,000 after acquiring an additional 2,645 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Bank of Nova Scotia by 25.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 508,062 shares of the bank’s stock worth $28,738,000 after acquiring an additional 102,402 shares during the last quarter. 180 Wealth Advisors LLC bought a new stake in Bank of Nova Scotia during the 4th quarter worth $322,000. IFP Advisors Inc grew its position in Bank of Nova Scotia by 521.5% during the 4th quarter. IFP Advisors Inc now owns 1,125 shares of the bank’s stock worth $63,000 after acquiring an additional 944 shares during the last quarter. Finally, Merit Financial Group LLC grew its position in Bank of Nova Scotia by 18.2% during the 4th quarter. Merit Financial Group LLC now owns 9,245 shares of the bank’s stock worth $522,000 after acquiring an additional 1,421 shares during the last quarter. 46.85% of the stock is owned by institutional investors and hedge funds.
NYSE BNS opened at $55.93 on Friday. The business’s 50-day moving average price is $55.99 and its two-hundred day moving average price is $55.33. Bank of Nova Scotia has a 12 month low of $50.36 and a 12 month high of $58.22. The firm has a market capitalization of $67.72 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 1.85 and a beta of 1.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.29.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Tuesday, January 7th will be given a dividend of $0.684 per share. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.68. The ex-dividend date is Monday, January 6th. This represents a $2.74 annualized dividend and a dividend yield of 4.89%. Bank of Nova Scotia’s dividend payout ratio is presently 51.58%.
A number of equities research analysts have commented on the company. Desjardins upped their price target on Bank of Nova Scotia from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. CIBC reiterated a “hold” rating on shares of Bank of Nova Scotia in a research report on Wednesday, January 8th. Citigroup lowered Bank of Nova Scotia from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a research report on Tuesday, December 17th. ValuEngine upgraded Bank of Nova Scotia from a “sell” rating to a “hold” rating in a research report on Friday, January 10th. Finally, Credit Suisse Group lowered Bank of Nova Scotia from an “outperform” rating to a “neutral” rating and set a $76.00 price target on the stock. in a research report on Friday, December 13th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $74.56.
Bank of Nova Scotia Company Profile
The Bank of Nova Scotia provides various banking products and services in North America, Latin America, the Caribbean and Central America, and the Asia-Pacific. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and related creditor insurance to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses, including automotive dealers and their customers.
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