Barrow Hanley Mewhinney & Strauss LLC lowered its holdings in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,867,989 shares of the bank's stock after selling 88,185 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 0.31% of Bank of Nova Scotia worth $207,788,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Vise Technologies Inc. boosted its position in shares of Bank of Nova Scotia by 7.3% during the 4th quarter. Vise Technologies Inc. now owns 17,905 shares of the bank's stock valued at $962,000 after acquiring an additional 1,214 shares in the last quarter. Retirement Planning Group LLC lifted its stake in Bank of Nova Scotia by 6.8% during the fourth quarter. Retirement Planning Group LLC now owns 13,918 shares of the bank's stock worth $748,000 after purchasing an additional 881 shares during the period. Zurich Insurance Group Ltd FI acquired a new stake in Bank of Nova Scotia during the fourth quarter valued at approximately $96,529,000. Vident Advisory LLC boosted its holdings in Bank of Nova Scotia by 8.3% during the fourth quarter. Vident Advisory LLC now owns 4,648 shares of the bank's stock valued at $250,000 after purchasing an additional 358 shares in the last quarter. Finally, Twinbeech Capital LP bought a new stake in shares of Bank of Nova Scotia in the 4th quarter valued at approximately $520,000. Institutional investors and hedge funds own 49.13% of the company's stock.
Bank of Nova Scotia Price Performance
Shares of Bank of Nova Scotia stock traded down $0.59 during trading on Wednesday, reaching $52.14. The company's stock had a trading volume of 594,600 shares, compared to its average volume of 1,706,228. The stock has a 50-day moving average price of $48.82 and a two-hundred day moving average price of $51.09. The stock has a market capitalization of $64.94 billion, a P/E ratio of 12.06, a price-to-earnings-growth ratio of 1.16 and a beta of 1.11. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The Bank of Nova Scotia has a one year low of $43.68 and a one year high of $57.07.
Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last announced its earnings results on Tuesday, May 27th. The bank reported $1.06 earnings per share for the quarter, missing analysts' consensus estimates of $1.14 by ($0.08). Bank of Nova Scotia had a return on equity of 11.56% and a net margin of 10.20%. The company had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $8.98 billion. During the same period in the prior year, the firm posted $1.58 earnings per share. The company's revenue was up 8.8% on a year-over-year basis. As a group, sell-side analysts anticipate that The Bank of Nova Scotia will post 4.91 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. Royal Bank of Canada decreased their price target on Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research note on Wednesday, February 26th. Bank of America lowered shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a report on Monday, March 31st. Cibc World Mkts cut shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, CIBC reaffirmed a "neutral" rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $81.00.
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Bank of Nova Scotia Company Profile
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Free Report)
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.
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