Fox Run Management L.L.C. Acquires Shares of 4,896 The Bank of Nova Scotia (NYSE:BNS)

Fox Run Management L.L.C. bought a new position in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 4,896 shares of the bank’s stock, valued at approximately $263,000.

Other large investors have also modified their holdings of the company. Magnus Financial Group LLC boosted its position in Bank of Nova Scotia by 4.1% during the fourth quarter. Magnus Financial Group LLC now owns 5,100 shares of the bank’s stock worth $274,000 after acquiring an additional 200 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Bank of Nova Scotia by 3.5% during the 4th quarter. Private Advisor Group LLC now owns 6,248 shares of the bank’s stock worth $336,000 after purchasing an additional 211 shares during the last quarter. Moran Wealth Management LLC grew its position in shares of Bank of Nova Scotia by 6.5% in the fourth quarter. Moran Wealth Management LLC now owns 3,925 shares of the bank’s stock valued at $211,000 after purchasing an additional 240 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Bank of Nova Scotia by 10.2% in the fourth quarter. Lindbrook Capital LLC now owns 2,860 shares of the bank’s stock valued at $154,000 after purchasing an additional 264 shares during the last quarter. Finally, Merit Financial Group LLC lifted its position in Bank of Nova Scotia by 5.8% during the fourth quarter. Merit Financial Group LLC now owns 4,905 shares of the bank’s stock worth $264,000 after buying an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 49.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on BNS shares. CIBC reaffirmed a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Cibc World Mkts cut shares of Bank of Nova Scotia from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, Royal Bank of Canada dropped 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 research note on Wednesday, February 26th. One equities 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $81.00.

Bank of Nova Scotia Stock Down 0.8 %

Shares of NYSE BNS opened at $48.35 on Friday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $49.93 and its two-hundred day moving average is $52.35. The Bank of Nova Scotia has a 52-week low of $43.68 and a 52-week high of $57.07. The firm has a market cap of $60.23 billion, a price-to-earnings ratio of 11.19, a PEG ratio of 1.16 and a beta of 1.11.

Bank of Nova Scotia Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a $0.7415 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 annualized dividend and a dividend yield of 6.13%. Bank of Nova Scotia’s dividend payout ratio is presently 82.77%.

Bank of Nova Scotia Profile

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.