The Bank of Nova Scotia (NYSE:BNS) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC decreased its stake in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 233,533 shares of the bank’s stock after selling 3,997 shares during the quarter. Bank of Nova Scotia makes up approximately 2.7% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 13th largest position. Euro Pacific Asset Management LLC’s holdings in Bank of Nova Scotia were worth $12,568,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of BNS. Magnus Financial Group LLC boosted its holdings in 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 buying an additional 200 shares during the last quarter. Sigma Planning Corp lifted its position in shares of Bank of Nova Scotia by 1.9% in the third quarter. Sigma Planning Corp now owns 11,089 shares of the bank’s stock valued at $604,000 after acquiring an additional 210 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Bank of Nova Scotia by 1.2% in the third quarter. Signaturefd LLC now owns 18,470 shares of the bank’s stock worth $1,006,000 after acquiring an additional 216 shares during the last quarter. Addison Advisors LLC increased its position in shares of Bank of Nova Scotia by 7.3% during the third quarter. Addison Advisors LLC now owns 3,357 shares of the bank’s stock worth $183,000 after purchasing an additional 227 shares in the last quarter. Finally, Merit Financial Group LLC raised its stake in Bank of Nova Scotia by 5.8% in the 4th quarter. Merit Financial Group LLC now owns 4,905 shares of the bank’s stock valued at $264,000 after purchasing an additional 271 shares during the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. UBS Group raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. Barclays raised shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research note on Thursday, November 21st. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

Bank of Nova Scotia Stock Up 0.3 %

Shares of NYSE BNS opened at $51.88 on Friday. The company has a market capitalization of $64.61 billion, a P/E ratio of 12.01, a P/E/G ratio of 1.16 and a beta of 1.08. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50 day simple moving average of $54.07 and a 200-day simple moving average of $51.54. The Bank of Nova Scotia has a 1 year low of $43.67 and a 1 year high of $57.07.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.7535 per share. The ex-dividend date of this dividend is Tuesday, January 7th. This represents a $3.01 annualized dividend and a yield of 5.81%. Bank of Nova Scotia’s dividend payout ratio (DPR) is 68.29%.

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.