22,257 Shares in The Bank of Nova Scotia (NYSE:BNS) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new position in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 22,257 shares of the bank’s stock, valued at approximately $1,195,000.

A number of other large investors have also recently made changes to their positions in BNS. Allworth Financial LP boosted its position in Bank of Nova Scotia by 121.1% in the 4th quarter. Allworth Financial LP now owns 639 shares of the bank’s stock valued at $33,000 after buying an additional 350 shares during the period. BNP Paribas Financial Markets boosted its position in 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 buying an additional 810 shares during the period. Fortitude Family Office LLC purchased a new stake in Bank of Nova Scotia in the 4th quarter valued at about $73,000. Wilmington Savings Fund Society FSB purchased a new stake in Bank of Nova Scotia in the 3rd quarter valued at about $111,000. Finally, Farther Finance Advisors LLC boosted its position in Bank of Nova Scotia by 11.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank’s stock valued at $148,000 after buying an additional 288 shares during the period. 49.13% of the stock is owned by hedge funds and other institutional investors.

Bank of Nova Scotia Trading Up 0.2 %

Shares of Bank of Nova Scotia stock opened at $48.59 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.59. The Bank of Nova Scotia has a 12-month low of $43.67 and a 12-month high of $57.07. The firm has a market capitalization of $60.53 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 1.16 and a beta of 1.11. The firm’s 50 day simple moving average is $51.35 and its two-hundred day simple moving average is $52.48.

Bank of Nova Scotia Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.7415 per share. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a yield of 6.10%. Bank of Nova Scotia’s payout ratio is 82.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Canaccord Genuity Group raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. CIBC restated a “neutral” rating on shares of Bank of Nova Scotia in a report on Tuesday, February 18th. Royal Bank of Canada reduced their price target on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating for the company in a report on Wednesday, February 26th. Cibc World Mkts lowered shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Bank of America upgraded shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.