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Lincluden Management Ltd. Has $37.08 Million Position in Bank of Nova Scotia (The) (NYSE:BNS)

Bank of Nova Scotia logo with Finance background

Lincluden Management Ltd. cut its position in Bank of Nova Scotia (The) (NYSE:BNS - Free Report) TSE: BNS by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 782,054 shares of the bank's stock after selling 7,566 shares during the period. Bank of Nova Scotia accounts for approximately 4.7% of Lincluden Management Ltd.'s investment portfolio, making the stock its 6th biggest holding. Lincluden Management Ltd. owned about 0.06% of Bank of Nova Scotia worth $37,081,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in BNS. Murphy & Mullick Capital Management Corp bought a new position in Bank of Nova Scotia in the 4th quarter valued at about $25,000. Compagnie Lombard Odier SCmA purchased a new stake in shares of Bank of Nova Scotia during the 1st quarter worth approximately $52,000. Independence Bank of Kentucky increased its stake in shares of Bank of Nova Scotia by 38.4% during the 1st quarter. Independence Bank of Kentucky now owns 1,175 shares of the bank's stock worth $56,000 after purchasing an additional 326 shares during the last quarter. North Capital Inc. purchased a new stake in shares of Bank of Nova Scotia during the 1st quarter worth approximately $81,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of Bank of Nova Scotia during the 4th quarter worth approximately $83,000. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Bank of Nova Scotia Price Performance

Shares of BNS traded down $0.08 during mid-day trading on Friday, reaching $56.63. 872,149 shares of the stock traded hands, compared to its average volume of 2,326,730. Bank of Nova Scotia has a 1 year low of $43.67 and a 1 year high of $57.07. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. The company has a market cap of $70.41 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.43 and a beta of 1.12. The firm has a fifty day moving average price of $54.25 and a 200 day moving average price of $51.06.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last posted its quarterly earnings data on Tuesday, May 27th. The bank reported $1.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.14 by ($0.08). Bank of Nova Scotia had a return on equity of 11.27% and a net margin of 8.83%. The company had revenue of $6.59 billion for 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 business's revenue was up 8.8% on a year-over-year basis. As a group, equities research analysts predict that Bank of Nova Scotia will post 4.91 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 2nd will be paid a $0.7996 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This is an increase from Bank of Nova Scotia's previous quarterly dividend of $0.74. This represents a $3.20 annualized dividend and a yield of 5.65%. Bank of Nova Scotia's payout ratio is currently 94.72%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Bank of Nova Scotia from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Bank of America lowered shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research note on Monday, March 31st. One 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. According to MarketBeat.com, Bank of Nova Scotia currently has an average rating of "Hold" and a consensus target price of $81.00.

Get Our Latest Stock Analysis on BNS

Bank of Nova Scotia Company Profile

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

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