The Manufacturers Life Insurance Company raised its position in Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,948,602 shares of the bank’s stock after buying an additional 2,177,905 shares during the period. Bank of Nova Scotia makes up about 0.8% of The Manufacturers Life Insurance Company ‘s holdings, making the stock its 20th biggest holding. The Manufacturers Life Insurance Company ‘s holdings in Bank of Nova Scotia were worth $706,513,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Voya Investment Management LLC boosted its position in Bank of Nova Scotia by 9.7% in the 2nd quarter. Voya Investment Management LLC now owns 7,640 shares of the bank’s stock valued at $459,000 after buying an additional 675 shares during the last quarter. Callahan Advisors LLC boosted its position in Bank of Nova Scotia by 6.5% in the 4th quarter. Callahan Advisors LLC now owns 13,371 shares of the bank’s stock valued at $863,000 after buying an additional 811 shares during the last quarter. Kassirer Asset Management Corp boosted its position in Bank of Nova Scotia by 9.6% in the 3rd quarter. Kassirer Asset Management Corp now owns 10,143 shares of the bank’s stock valued at $652,000 after buying an additional 890 shares during the last quarter. Investec Asset Management PTY Ltd boosted its position in Bank of Nova Scotia by 3.4% in the 3rd quarter. Investec Asset Management PTY Ltd now owns 29,649 shares of the bank’s stock valued at $1,906,000 after buying an additional 971 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its position in Bank of Nova Scotia by 17.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,656 shares of the bank’s stock valued at $427,000 after buying an additional 997 shares during the last quarter. 46.29% of the stock is owned by institutional investors.

BNS has been the topic of a number of recent analyst reports. Macquarie initiated coverage on shares of Bank of Nova Scotia in a research note on Tuesday, October 24th. They issued an “outperform” rating on the stock. Zacks Investment Research lowered shares of Bank of Nova Scotia from a “buy” rating to a “sell” rating in a research note on Tuesday, October 31st. Scotiabank restated a “buy” rating and issued a $95.00 target price on shares of Bank of Nova Scotia in a research note on Wednesday, November 22nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $92.00 target price on shares of Bank of Nova Scotia in a research note on Tuesday, November 28th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $86.00.

Shares of Bank of Nova Scotia (NYSE BNS) opened at $60.78 on Wednesday. The stock has a market cap of $73,261.09, a PE ratio of 12.28, a PEG ratio of 1.39 and a beta of 1.26. Bank of Nova Scotia has a 12 month low of $53.86 and a 12 month high of $66.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.06 and a quick ratio of 1.06.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last released its quarterly earnings data on Tuesday, November 28th. The bank reported $1.32 earnings per share for the quarter, hitting the consensus estimate of $1.32. The firm had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.64 billion. Bank of Nova Scotia had a net margin of 22.20% and a return on equity of 14.62%. sell-side analysts forecast that Bank of Nova Scotia will post 5.48 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Tuesday, January 2nd were paid a dividend of $0.617 per share. The ex-dividend date was Friday, December 29th. This represents a $2.47 annualized dividend and a yield of 4.06%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 51.51%.

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Bank of Nova Scotia 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.

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

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