Dynamic Advisor Solutions LLC Grows Stock Holdings in Bank of Nova Scotia (The) (NYSE:BNS)

Dynamic Advisor Solutions LLC grew its holdings in shares of Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) by 14.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,634 shares of the bank’s stock after purchasing an additional 596 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Bank of Nova Scotia were worth $220,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Private Advisor Group LLC lifted its holdings in shares of Bank of Nova Scotia by 3.5% during the fourth quarter. Private Advisor Group LLC now owns 6,248 shares of the bank’s stock valued at $336,000 after purchasing an additional 211 shares during the last quarter. Moran Wealth Management LLC raised its holdings in 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 acquiring an additional 240 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in 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 acquiring an additional 248 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Bank of Nova Scotia by 10.2% in the 4th quarter. Lindbrook Capital LLC now owns 2,860 shares of the bank’s stock worth $154,000 after acquiring an additional 264 shares during the last quarter. Finally, Sara Bay Financial raised its holdings in Bank of Nova Scotia by 6.2% in the 1st quarter. Sara Bay Financial now owns 5,021 shares of the bank’s stock worth $240,000 after acquiring an additional 294 shares during the last quarter. 49.13% of the stock is currently owned by hedge funds and other institutional investors.

Bank of Nova Scotia Trading Down 0.2%

NYSE:BNS opened at $54.30 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.62. Bank of Nova Scotia has a 12 month low of $43.68 and a 12 month high of $57.07. The company has a market cap of $67.63 billion, a PE ratio of 15.92, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13. The company has a 50 day simple moving average of $51.14 and a two-hundred day simple moving average of $50.92.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, May 27th. The bank reported $1.06 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 during the quarter, compared to the consensus estimate of $8.98 billion. During the same period last year, the firm posted $1.58 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Research analysts forecast that Bank of Nova Scotia will post 4.91 earnings per share for the current year.

Bank of Nova Scotia Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 29th. Shareholders of record on Wednesday, July 2nd will be given a $0.7996 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 5.89%. 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. Bank of Nova Scotia’s payout ratio is 86.51%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on BNS shares. 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. Wall Street Zen upgraded shares of Bank of Nova Scotia from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Finally, Royal Bank Of Canada decreased their price objective on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $81.00.

Bank of Nova Scotia Company 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.