Tacita Capital Inc Sells 643 Shares of The Bank of Nova Scotia (NYSE:BNS)

Tacita Capital Inc cut its position in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 2.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 31,487 shares of the bank’s stock after selling 643 shares during the period. Bank of Nova Scotia accounts for approximately 1.2% of Tacita Capital Inc’s holdings, making the stock its 28th largest holding. Tacita Capital Inc’s holdings in Bank of Nova Scotia were worth $1,687,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BNS. Allworth Financial LP boosted its holdings in Bank of Nova Scotia by 121.1% during the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock valued at $33,000 after acquiring an additional 350 shares during the period. BNP Paribas Financial Markets boosted its holdings in Bank of Nova Scotia by 1,588.2% during 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 period. Fortitude Family Office LLC purchased a new stake in Bank of Nova Scotia during the 4th quarter valued at about $73,000. Wilmington Savings Fund Society FSB purchased a new stake in Bank of Nova Scotia during the 3rd quarter valued at about $111,000. Finally, Farther Finance Advisors LLC boosted its holdings in Bank of Nova Scotia by 11.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank’s stock valued at $148,000 after acquiring an additional 288 shares during the period. 49.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BNS has been the subject of several analyst reports. TD Securities upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. CIBC restated a “neutral” rating on shares of Bank of Nova Scotia in a report on Tuesday, February 18th. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Tuesday, November 19th. Cibc World Mkts cut Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 18th. Finally, Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $75.50.

Bank of Nova Scotia Trading Down 0.5 %

NYSE BNS opened at $49.38 on Tuesday. The Bank of Nova Scotia has a fifty-two week low of $43.67 and a fifty-two week high of $57.07. 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 stock has a 50 day simple moving average of $51.55 and a two-hundred day simple moving average of $52.50. The stock has a market cap of $61.50 billion, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07.

Bank of Nova Scotia Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.7415 dividend. This represents a $2.97 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date is Tuesday, April 1st. Bank of Nova Scotia’s payout ratio is presently 82.20%.

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.