The Bank of Nova Scotia (NYSE:BNS) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its holdings in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 0.4% in the 4th quarter, Holdings Channel reports. The fund owned 59,065 shares of the bank’s stock after acquiring an additional 258 shares during the quarter. Metis Global Partners LLC’s holdings in Bank of Nova Scotia were worth $2,875,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp grew its position in shares of Bank of Nova Scotia by 71.6% in the fourth quarter. Fifth Third Bancorp now owns 858 shares of the bank’s stock valued at $42,000 after purchasing an additional 358 shares in the last quarter. EverSource Wealth Advisors LLC boosted 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 during the last quarter. Quantbot Technologies LP purchased a new stake in Bank of Nova Scotia in the 3rd quarter valued at $42,000. NBC Securities Inc. acquired a new stake in shares of Bank of Nova Scotia in the 3rd quarter worth $67,000. Finally, Motco raised its holdings in shares of Bank of Nova Scotia by 1,086.2% during the 3rd quarter. Motco now owns 2,491 shares of the bank’s stock worth $114,000 after acquiring an additional 2,281 shares during the period. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Performance

NYSE:BNS traded up $0.57 during trading hours on Monday, reaching $47.42. 942,097 shares of the company’s stock were exchanged, compared to its average volume of 2,057,346. 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 firm has a market capitalization of $57.96 billion, a price-to-earnings ratio of 10.49, a P/E/G ratio of 1.55 and a beta of 1.05. The Bank of Nova Scotia has a 1-year low of $39.79 and a 1-year high of $51.98. The company has a 50-day moving average of $48.84 and a 200 day moving average of $46.58.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its earnings results on Tuesday, February 27th. The bank reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.06. Bank of Nova Scotia had a return on equity of 11.51% and a net margin of 10.71%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the business posted $1.37 EPS. Research 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 announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd were given a dividend of $0.7843 per share. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.78. This represents a $3.14 annualized dividend and a dividend yield of 6.62%. The ex-dividend date was Monday, April 1st. Bank of Nova Scotia’s payout ratio is presently 69.47%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BNS shares. Jefferies Financial Group initiated coverage on shares of Bank of Nova Scotia in a report on Thursday, February 22nd. They issued a “hold” rating for the company. Barclays began 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 objective on the stock. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $68.00.

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.