Natixis Advisors LLC Has $2.79 Million Holdings in The Bank of Nova Scotia (NYSE:BNS)

Natixis Advisors LLC boosted its stake in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 12.1% in the third quarter, HoldingsChannel.com reports. The firm owned 51,240 shares of the bank’s stock after buying an additional 5,542 shares during the period. Natixis Advisors LLC’s holdings in Bank of Nova Scotia were worth $2,792,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Silvercrest Asset Management Group LLC increased its stake in shares of Bank of Nova Scotia by 1.3% in the first quarter. Silvercrest Asset Management Group LLC now owns 22,677 shares of the bank’s stock valued at $1,174,000 after buying an additional 294 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Bank of Nova Scotia in the 1st quarter worth approximately $1,740,000. Janus Henderson Group PLC boosted its stake in shares of Bank of Nova Scotia by 6.1% in the 1st quarter. Janus Henderson Group PLC now owns 143,849 shares of the bank’s stock valued at $7,455,000 after purchasing an additional 8,230 shares during the last quarter. Brown Shipley& Co Ltd bought a new position in Bank of Nova Scotia during the first quarter worth $393,000. Finally, Cetera Investment Advisers acquired a new position in Bank of Nova Scotia in the first quarter valued at $2,112,000. 49.13% of the stock is owned by institutional investors.

Bank of Nova Scotia Price Performance

Shares of NYSE BNS opened at $56.45 on Monday. The firm has a market capitalization of $70.25 billion, a P/E ratio of 13.50, a P/E/G ratio of 1.51 and a beta of 1.05. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $53.42 and its two-hundred day simple moving average is $49.43. The Bank of Nova Scotia has a twelve month low of $41.80 and a twelve month high of $56.71.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its earnings results on Tuesday, August 27th. The bank reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.01. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.53 billion. Bank of Nova Scotia had a net margin of 9.84% and a return on equity of 11.14%. Bank of Nova Scotia’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share. As a group, equities analysts anticipate that The Bank of Nova Scotia will post 4.53 EPS for the current fiscal year.

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 29th. Investors of record on Wednesday, October 2nd were paid a $0.768 dividend. The ex-dividend date of this dividend was Wednesday, October 2nd. This represents a $3.07 dividend on an annualized basis and a yield of 5.44%. Bank of Nova Scotia’s dividend payout ratio is presently 74.88%.

Wall Street Analysts Forecast Growth

BNS has been the subject of a number of research analyst reports. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Monday, November 4th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. UBS Group raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Monday, November 18th. Finally, Barclays raised Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $69.00.

About Bank of Nova Scotia

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.