Williams Jones & Associates LLC trimmed its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 16.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,650 shares of the bank’s stock after selling 6,600 shares during the period. Williams Jones & Associates LLC’s holdings in Bank of Nova Scotia (The) were worth $1,963,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. AHL Partners LLP increased its holdings in Bank of Nova Scotia (The) by 126.3% in the 2nd quarter. AHL Partners LLP now owns 17,909 shares of the bank’s stock valued at $1,077,000 after purchasing an additional 9,996 shares in the last quarter. Numeric Investors LLC raised its position in Bank of Nova Scotia (The) by 204.0% in the second quarter. Numeric Investors LLC now owns 122,500 shares of the bank’s stock valued at $7,358,000 after purchasing an additional 82,200 shares during the period. Voya Investment Management LLC raised its position in Bank of Nova Scotia (The) by 9.7% in the second quarter. Voya Investment Management LLC now owns 7,640 shares of the bank’s stock valued at $459,000 after purchasing an additional 675 shares during the period. Dimensional Fund Advisors LP raised its position in Bank of Nova Scotia (The) by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,423,978 shares of the bank’s stock valued at $85,624,000 after purchasing an additional 49,998 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in shares of Bank of Nova Scotia (The) by 11.6% during the second quarter. Renaissance Technologies LLC now owns 563,900 shares of the bank’s stock worth $33,910,000 after purchasing an additional 58,400 shares in the last quarter. Hedge funds and other institutional investors own 45.12% of the company’s stock.

Shares of Bank of Nova Scotia (NYSE:BNS) traded up 0.12% on Wednesday, reaching $64.42. The company had a trading volume of 194,838 shares. The firm has a market capitalization of $77.19 billion, a PE ratio of 12.21 and a beta of 1.26. The company has a 50-day moving average price of $62.77 and a 200-day moving average price of $59.70. Bank of Nova Scotia has a 52-week low of $51.21 and a 52-week high of $64.93.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 29th. The bank reported $1.27 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.38). The firm had revenue of $5.22 billion during the quarter, compared to the consensus estimate of $5.28 billion. Bank of Nova Scotia (The) had a return on equity of 14.54% and a net margin of 22.26%. During the same quarter last year, the business earned $1.54 EPS. Equities research analysts forecast that Bank of Nova Scotia will post $5.30 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Tuesday, October 3rd will be issued a dividend of $0.6294 per share. This represents a $2.52 dividend on an annualized basis and a yield of 3.91%. This is a boost from Bank of Nova Scotia (The)’s previous quarterly dividend of $0.56. The ex-dividend date is Monday, October 2nd. Bank of Nova Scotia (The)’s dividend payout ratio is 52.06%.

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BNS has been the subject of several analyst reports. Scotiabank reaffirmed a “buy” rating and issued a $88.00 target price on shares of Bank of Nova Scotia (The) in a research report on Wednesday, August 30th. Zacks Investment Research upgraded Bank of Nova Scotia (The) from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Tuesday, July 18th. Canaccord Genuity started coverage on Bank of Nova Scotia (The) in a report on Tuesday, July 18th. They set a “buy” rating on the stock. BidaskClub raised Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a research report on Friday, August 18th. Finally, Citigroup Inc. raised Bank of Nova Scotia (The) from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 20th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $83.20.

About Bank of Nova Scotia (The)

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 (The) (NYSE:BNS)

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