Zurcher Kantonalbank Zurich Cantonalbank Has $21.18 Million Position in The Bank of Nova Scotia (NYSE:BNS)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in The Bank of Nova Scotia (NYSE:BNS - Free Report) TSE: BNS by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 433,078 shares of the bank's stock after purchasing an additional 17,897 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Bank of Nova Scotia were worth $21,184,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. AMF Tjanstepension AB increased its stake in shares of Bank of Nova Scotia by 25.6% in the third quarter. AMF Tjanstepension AB now owns 574,571 shares of the bank's stock valued at $25,983,000 after purchasing an additional 117,219 shares during the period. Value Partners Investments Inc. boosted its holdings in shares of Bank of Nova Scotia by 7.7% in the third quarter. Value Partners Investments Inc. now owns 1,433,198 shares of the bank's stock valued at $64,536,000 after acquiring an additional 101,860 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Bank of Nova Scotia by 4.0% in the third quarter. CIBC Asset Management Inc now owns 8,194,388 shares of the bank's stock valued at $368,423,000 after acquiring an additional 314,943 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Bank of Nova Scotia by 1.6% in the third quarter. Vanguard Group Inc. now owns 45,691,098 shares of the bank's stock valued at $2,083,057,000 after acquiring an additional 725,489 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Bank of Nova Scotia by 71.6% in the fourth quarter. Fifth Third Bancorp now owns 858 shares of the bank's stock valued at $42,000 after acquiring an additional 358 shares in the last quarter. Institutional investors and hedge funds own 49.13% of the company's stock.

Bank of Nova Scotia Price Performance

NYSE:BNS traded down $0.05 during trading hours on Thursday, reaching $46.57. 1,219,177 shares of the company's stock were exchanged, compared to its average volume of 2,118,750. The company has a market capitalization of $56.92 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 1.54 and a beta of 1.04. The Bank of Nova Scotia has a 12 month low of $39.79 and a 12 month high of $51.98. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The business's 50-day simple moving average is $48.96 and its two-hundred day simple moving average is $46.30.

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

Bank of Nova Scotia Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Tuesday, April 2nd will be issued a dividend of $0.7843 per share. This represents a $3.14 dividend on an annualized basis and a yield of 6.74%. This is a boost from Bank of Nova Scotia's previous quarterly dividend of $0.78. The ex-dividend date is Monday, April 1st. Bank of Nova Scotia's dividend payout ratio (DPR) is presently 34.96%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BNS. Barclays began coverage on shares of Bank of Nova Scotia in a report on Wednesday, March 20th. They issued an "underweight" rating and a $70.00 price objective for the company. Jefferies Financial Group began coverage on shares of Bank of Nova Scotia in a report on Thursday, February 22nd. They issued a "hold" rating for the company. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $68.00.

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.