Janus Henderson Group PLC lessened its holdings in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,249 shares of the bank's stock after selling 8,600 shares during the quarter. Janus Henderson Group PLC's holdings in Bank of Nova Scotia were worth $7,797,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Magnus Financial Group LLC grew its holdings in shares of Bank of Nova Scotia by 4.1% in the 4th quarter. Magnus Financial Group LLC now owns 5,100 shares of the bank's stock worth $274,000 after purchasing an additional 200 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Bank of Nova Scotia by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 6,248 shares of the bank's stock worth $336,000 after purchasing an additional 211 shares during the last quarter. Moran Wealth Management LLC grew its holdings in shares of Bank of Nova Scotia by 6.5% in the 4th quarter. Moran Wealth Management LLC now owns 3,925 shares of the bank's stock worth $211,000 after purchasing an additional 240 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Bank of Nova Scotia by 4.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,399 shares of the bank's stock worth $290,000 after purchasing an additional 248 shares during the last quarter. Finally, Lindbrook Capital LLC lifted its position in Bank of Nova Scotia by 10.2% during the 4th quarter. Lindbrook Capital LLC now owns 2,860 shares of the bank's stock worth $154,000 after buying an additional 264 shares in the last quarter. Institutional investors own 49.13% of the company's stock.
Bank of Nova Scotia Stock Down 0.2%
Shares of BNS stock traded down $0.09 during trading on Wednesday, reaching $51.57. The company's stock had a trading volume of 1,921,328 shares, compared to its average volume of 1,707,541. The business has a fifty day moving average price of $48.45 and a 200-day moving average price of $51.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The company has a market cap of $64.23 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 1.16 and a beta of 1.11. 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 Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were given a $0.7415 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.75%. The ex-dividend date of this dividend was Tuesday, April 1st. Bank of Nova Scotia's dividend payout ratio is presently 83.05%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on BNS. CIBC reiterated a "neutral" rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. Royal Bank of Canada cut their target price on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a "sector perform" rating on the stock in a research report on Wednesday, February 26th. Cibc World Mkts downgraded shares of Bank of Nova Scotia from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 18th. Finally, Bank of America downgraded shares of Bank of Nova Scotia from a "buy" rating to a "neutral" rating in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, five have issued 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 a consensus rating of "Hold" and a consensus price target of $81.00.
Read Our Latest Stock Report on BNS
About Bank of Nova Scotia
(
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.
See Also
Before you consider Bank of Nova Scotia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Nova Scotia wasn't on the list.
While Bank of Nova Scotia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
