CIBC Asset Management Inc increased its position in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 0.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,584,409 shares of the bank’s stock after purchasing an additional 101,510 shares during the period. Bank of Nova Scotia (The) accounts for about 5.0% of CIBC Asset Management Inc’s investment portfolio, making the stock its 3rd largest holding. CIBC Asset Management Inc owned 1.05% of Bank of Nova Scotia (The) worth $806,732,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BNS. Arrowstreet Capital Limited Partnership grew its position in Bank of Nova Scotia (The) by 481.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 6,001,634 shares of the bank’s stock worth $360,796,000 after buying an additional 4,969,752 shares during the last quarter. Public Sector Pension investment Board grew its position in Bank of Nova Scotia (The) by 13,160.8% during the 2nd quarter. Public Sector Pension investment Board now owns 2,380,451 shares of the bank’s stock worth $142,988,000 after purchasing an additional 2,362,500 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Bank of Nova Scotia (The) by 787.4% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,312,474 shares of the bank’s stock worth $138,905,000 after purchasing an additional 2,051,874 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Bank of Nova Scotia (The) during the 2nd quarter worth approximately $117,297,000. Finally, Vanguard Group Inc. grew its position in Bank of Nova Scotia (The) by 4.3% during the 2nd quarter. Vanguard Group Inc. now owns 26,994,461 shares of the bank’s stock worth $1,623,177,000 after purchasing an additional 1,105,865 shares in the last quarter. Hedge funds and other institutional investors own 46.51% of the company’s stock.

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BNS has been the topic of several research analyst reports. Zacks Investment Research cut shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Canaccord Genuity set a $87.00 price objective on shares of Bank of Nova Scotia (The) and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Scotiabank reiterated a “buy” rating and set a $88.00 price objective on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. BidaskClub upgraded shares of Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Macquarie initiated coverage on shares of Bank of Nova Scotia (The) in a research report on Tuesday, October 24th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.20.

Bank of Nova Scotia (BNS) traded down $0.35 during mid-day trading on Monday, hitting $65.59. 294,000 shares of the company traded hands, compared to its average volume of 703,106. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.07 and a current ratio of 1.07. Bank of Nova Scotia has a 1-year low of $51.21 and a 1-year high of $65.99. The firm has a market cap of $78,590.00, a price-to-earnings ratio of 13.39, a PEG ratio of 1.52 and a beta of 1.27.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, August 29th. The bank reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.38). Bank of Nova Scotia (The) had a net margin of 22.26% and a return on equity of 14.54%. The business had revenue of $5.22 billion during the quarter, compared to analyst estimates of $5.28 billion. During the same period in the previous year, the firm posted $1.54 EPS. sell-side analysts anticipate that Bank of Nova Scotia will post 5.22 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 27th. Investors of record on Tuesday, October 3rd were paid a $0.6294 dividend. This represents a $2.52 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Monday, October 2nd. This is a positive change from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. Bank of Nova Scotia (The)’s payout ratio is presently 48.62%.

Bank of Nova Scotia (The) Company Profile

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Institutional Ownership by Quarter for Bank of Nova Scotia (The) (NYSE:BNS)

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