Lindbrook Capital LLC Sells 829 Shares of The Bank of Nova Scotia (NYSE:BNS)

Lindbrook Capital LLC decreased its position in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 32.2% during the 4th quarter, Holdings Channel reports. The firm owned 1,745 shares of the bank’s stock after selling 829 shares during the period. Lindbrook Capital LLC’s holdings in Bank of Nova Scotia were worth $85,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BNS. Sprott Inc. bought a new position in shares of Bank of Nova Scotia in the third quarter worth approximately $146,907,000. Mackenzie Financial Corp grew its holdings in shares of Bank of Nova Scotia by 8.7% in the third quarter. Mackenzie Financial Corp now owns 15,684,313 shares of the bank’s stock worth $665,191,000 after purchasing an additional 1,256,868 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Bank of Nova Scotia by 3.4% in the third quarter. Toronto Dominion Bank now owns 22,567,680 shares of the bank’s stock worth $1,028,861,000 after purchasing an additional 736,807 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Bank of Nova Scotia by 1.6% in the third quarter. Vanguard Group Inc. now owns 45,691,098 shares of the bank’s stock worth $2,083,057,000 after purchasing an additional 725,489 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Bank of Nova Scotia by 360.3% in the third quarter. Acadian Asset Management LLC now owns 705,200 shares of the bank’s stock valued at $31,753,000 after acquiring an additional 551,992 shares in the last quarter. Institutional investors own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Performance

NYSE:BNS opened at $46.80 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.56. The stock has a market cap of $57.20 billion, a P/E ratio of 10.35, a price-to-earnings-growth ratio of 1.56 and a beta of 1.04. The firm’s fifty day simple moving average is $48.98 and its 200 day simple moving average is $46.43. The Bank of Nova Scotia has a twelve month low of $39.79 and a twelve month high of $51.98.

Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) last announced its quarterly earnings data on Tuesday, February 27th. The bank reported $1.25 EPS for the quarter, beating the consensus estimate of $1.19 by $0.06. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $6.01 billion. Bank of Nova Scotia had a return on equity of 11.51% and a net margin of 10.71%. During the same quarter last year, the firm posted $1.37 earnings per share. As a group, research analysts predict that The Bank of Nova Scotia will post 4.9 EPS for the current year.

Bank of Nova Scotia Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Tuesday, April 2nd will be given a dividend of $0.7843 per share. The ex-dividend date of this dividend is Monday, April 1st. This represents a $3.14 annualized dividend and a yield of 6.70%. This is a positive change from Bank of Nova Scotia’s previous quarterly dividend of $0.78. Bank of Nova Scotia’s dividend payout ratio (DPR) is currently 34.96%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BNS shares. Barclays started coverage on shares of Bank of Nova Scotia in a report on Wednesday, March 20th. They issued an “underweight” rating and a $70.00 price target on the stock. Jefferies Financial Group started coverage on shares of Bank of Nova Scotia in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $68.00.

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.