Bank of Nova Scotia (NYSE:BNS) Shares Purchased by DekaBank Deutsche Girozentrale

Share on StockTwits

DekaBank Deutsche Girozentrale lifted its stake in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 93.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,054,344 shares of the bank’s stock after purchasing an additional 509,908 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Bank of Nova Scotia were worth $57,112,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of BNS. Dimensional Fund Advisors LP increased its holdings in shares of Bank of Nova Scotia by 20.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,367,908 shares of the bank’s stock worth $118,088,000 after purchasing an additional 409,914 shares during the period. Pennsylvania Trust Co increased its holdings in shares of Bank of Nova Scotia by 49.1% during the 1st quarter. Pennsylvania Trust Co now owns 12,720 shares of the bank’s stock worth $464,000 after purchasing an additional 4,188 shares during the period. Nwam LLC increased its holdings in shares of Bank of Nova Scotia by 9.3% during the 1st quarter. Nwam LLC now owns 5,855 shares of the bank’s stock worth $312,000 after purchasing an additional 500 shares during the period. Gulf International Bank UK Ltd increased its holdings in shares of Bank of Nova Scotia by 1.5% during the 1st quarter. Gulf International Bank UK Ltd now owns 23,900 shares of the bank’s stock worth $1,255,000 after purchasing an additional 350 shares during the period. Finally, Callahan Advisors LLC increased its holdings in shares of Bank of Nova Scotia by 30.6% during the 1st quarter. Callahan Advisors LLC now owns 32,912 shares of the bank’s stock worth $1,754,000 after purchasing an additional 7,710 shares during the period. 46.26% of the stock is owned by hedge funds and other institutional investors.

BNS has been the topic of several research reports. ValuEngine downgraded shares of Bank of Nova Scotia from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, August 9th. Finally, Barclays reiterated an “average” rating and set a $78.00 target price on shares of Bank of Nova Scotia in a research report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Bank of Nova Scotia currently has an average rating of “Hold” and an average target price of $76.50.

BNS opened at $52.21 on Wednesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.05 and a current ratio of 1.05. The company has a market capitalization of $63.85 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16. The business’s 50 day simple moving average is $53.36. Bank of Nova Scotia has a fifty-two week low of $48.34 and a fifty-two week high of $60.60.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last issued its earnings results on Tuesday, May 28th. The bank reported $1.70 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.74 by ($0.04). Bank of Nova Scotia had a net margin of 19.20% and a return on equity of 13.55%. The firm had revenue of $7.80 billion during the quarter, compared to the consensus estimate of $7.60 billion. During the same period in the previous year, the company posted $1.70 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities analysts anticipate that Bank of Nova Scotia will post 5.29 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 29th. Stockholders of record on Tuesday, July 2nd were issued a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Friday, June 28th. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 48.90%.

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.

Featured Story: Why is the Consumer Price Index (CPI) important?

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



Latest News

Okta Inc  CFO William E. Losch Sells 21,108 Shares of Stock
Okta Inc CFO William E. Losch Sells 21,108 Shares of Stock
SmileDirectClub  Major Shareholder Cd&R Investment Associates X, Sells 2,275,857 Shares of Stock
SmileDirectClub Major Shareholder Cd&R Investment Associates X, Sells 2,275,857 Shares of Stock
Okta Inc  Director Michael R. Kourey Sells 17,500 Shares
Okta Inc Director Michael R. Kourey Sells 17,500 Shares
Solaredge Technologies Inc  VP Zvi Lando Sells 28,604 Shares
Solaredge Technologies Inc VP Zvi Lando Sells 28,604 Shares
Aerojet Rocketdyne Holdings Inc  CEO Eileen P. Drake Sells 38,656 Shares of Stock
Aerojet Rocketdyne Holdings Inc CEO Eileen P. Drake Sells 38,656 Shares of Stock
RealPage Inc  CEO Stephen T. Winn Sells 50,000 Shares of Stock
RealPage Inc CEO Stephen T. Winn Sells 50,000 Shares of Stock


© 2006-2019 Ticker Report