Unigestion Holding SA Reduces Position in The Bank of Nova Scotia (NYSE:BNS)

Unigestion Holding SA lowered its position in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 33.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 294,030 shares of the bank’s stock after selling 148,949 shares during the quarter. Unigestion Holding SA’s holdings in Bank of Nova Scotia were worth $16,019,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BNS. Blue Trust Inc. boosted its position in Bank of Nova Scotia by 3,127.8% in the second quarter. Blue Trust Inc. now owns 581 shares of the bank’s stock valued at $27,000 after buying an additional 563 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Bank of Nova Scotia by 1,588.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock valued at $47,000 after acquiring an additional 810 shares during the last quarter. City State Bank acquired a new stake in shares of Bank of Nova Scotia in the third quarter worth $57,000. Ashton Thomas Private Wealth LLC acquired a new stake in Bank of Nova Scotia during the 2nd quarter worth about $104,000. Finally, Spartan Fund Management Inc. acquired a new position in shares of Bank of Nova Scotia in the 2nd quarter valued at about $118,000. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Price Performance

Bank of Nova Scotia stock opened at $55.83 on Wednesday. The stock has a market capitalization of $69.48 billion, a P/E ratio of 12.92, a P/E/G ratio of 1.25 and a beta of 1.07. The company’s fifty day moving average price is $53.95 and its 200 day moving average price is $50.06. 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 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.40%. Bank of Nova Scotia’s dividend payout ratio is currently 72.45%.

Wall Street Analysts Forecast Growth

BNS has been the subject of several recent research reports. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. UBS Group raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Cibc World Mkts upgraded shares of Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $72.00.

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.