Keybank National Association OH Sells 706 Shares of The Bank of Nova Scotia (NYSE:BNS)

Keybank National Association OH lowered its holdings in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,024 shares of the bank’s stock after selling 706 shares during the period. Keybank National Association OH’s holdings in Bank of Nova Scotia were worth $1,291,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its stake in Bank of Nova Scotia by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,820,344 shares of the bank’s stock worth $205,048,000 after acquiring an additional 76,282 shares in the last quarter. Plato Investment Management Ltd boosted its stake in Bank of Nova Scotia by 406.9% during the fourth quarter. Plato Investment Management Ltd now owns 16,667 shares of the bank’s stock worth $898,000 after acquiring an additional 13,379 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Bank of Nova Scotia during the fourth quarter worth about $217,000. Jones Financial Companies Lllp boosted its stake in Bank of Nova Scotia by 74.0% during the fourth quarter. Jones Financial Companies Lllp now owns 43,814 shares of the bank’s stock worth $2,354,000 after acquiring an additional 18,628 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. bought a new stake in Bank of Nova Scotia during the fourth quarter worth about $373,000. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Up 0.4 %

Shares of Bank of Nova Scotia stock opened at $48.33 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $51.13 and a two-hundred day simple moving average of $52.45. The Bank of Nova Scotia has a 52-week low of $43.67 and a 52-week high of $57.07. The stock has a market capitalization of $60.19 billion, a PE ratio of 11.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.11.

Bank of Nova Scotia Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.7415 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.97 annualized dividend and a dividend yield of 6.14%. Bank of Nova Scotia’s payout ratio is 82.77%.

Analyst Ratings Changes

BNS has been the topic of several research reports. Royal Bank of Canada dropped their price objective 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 note on Wednesday, February 26th. CIBC reaffirmed a “neutral” rating on shares of Bank of Nova Scotia in a report on Tuesday, February 18th. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Tuesday, November 19th. Cibc World Mkts cut shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $75.50.

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.