The Bank of Nova Scotia (NYSE:BNS) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. trimmed its holdings in shares of The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 83.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 119,592 shares of the bank's stock after selling 621,933 shares during the period. Triasima Portfolio Management inc.'s holdings in Bank of Nova Scotia were worth $5,832,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Harbour Investments Inc. lifted its holdings in Bank of Nova Scotia by 10.2% during the 4th quarter. Harbour Investments Inc. now owns 2,115 shares of the bank's stock worth $104,000 after buying an additional 195 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Bank of Nova Scotia by 3.7% during the 1st quarter. Cetera Investment Advisers now owns 5,548 shares of the bank's stock worth $398,000 after buying an additional 196 shares during the last quarter. First Manhattan Co. lifted its holdings in shares of Bank of Nova Scotia by 5.1% in the 4th quarter. First Manhattan Co. now owns 4,204 shares of the bank's stock valued at $206,000 after purchasing an additional 204 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in shares of Bank of Nova Scotia by 4.7% in the 2nd quarter. Cetera Advisor Networks LLC now owns 4,772 shares of the bank's stock valued at $239,000 after purchasing an additional 214 shares during the last quarter. Finally, Guggenheim Capital LLC lifted its holdings in shares of Bank of Nova Scotia by 1.5% in the 1st quarter. Guggenheim Capital LLC now owns 16,443 shares of the bank's stock valued at $1,179,000 after purchasing an additional 250 shares during the last quarter. 49.13% of the stock is owned by hedge funds and other institutional investors.

Bank of Nova Scotia Stock Performance

BNS stock traded down $0.78 during trading on Friday, hitting $48.19. The company had a trading volume of 3,309,737 shares, compared to its average volume of 1,916,460. The firm has a market cap of $58.90 billion, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.62 and a beta of 1.04. The Bank of Nova Scotia has a 1-year low of $39.79 and a 1-year high of $51.98. The firm has a 50-day moving average price of $48.93 and a 200-day moving average price of $46.28. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56.

Bank of Nova Scotia (NYSE:BNS - Get Free Report) TSE: BNS last issued its quarterly earnings results on Tuesday, February 27th. The bank reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.06. The firm had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $6.01 billion. Bank of Nova Scotia had a return on equity of 11.51% and a net margin of 10.71%. During the same quarter in the previous year, the firm posted $1.37 EPS. On average, analysts expect that The Bank of Nova Scotia will post 4.9 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 2nd will be given a $0.7843 dividend. This represents a $3.14 annualized dividend and a yield of 6.51%. The ex-dividend date of this dividend is Monday, April 1st. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $0.78. Bank of Nova Scotia's payout ratio is 34.96%.

Wall Street Analysts Forecast Growth

BNS has been the subject of several research reports. Jefferies Financial Group initiated coverage on Bank of Nova Scotia in a report on Thursday, February 22nd. They issued a "hold" rating for the company. Barclays initiated coverage on Bank of Nova Scotia in a report on Wednesday, March 20th. They issued an "underweight" rating and a $70.00 target price for the company. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, Bank of Nova Scotia has a consensus rating of "Hold" and a consensus target price of $68.00.

Bank of Nova Scotia Profile

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.