Lindbrook Capital LLC Buys 264 Shares of The Bank of Nova Scotia (NYSE:BNS)

Lindbrook Capital LLC lifted its stake in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 10.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,860 shares of the bank’s stock after purchasing an additional 264 shares during the quarter. Lindbrook Capital LLC’s holdings in Bank of Nova Scotia were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP grew its holdings in shares of 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 purchasing an additional 350 shares during the last quarter. BNP Paribas Financial Markets boosted its position 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 worth $47,000 after buying an additional 810 shares during the period. Fortitude Family Office LLC acquired a new stake in Bank of Nova Scotia during the 4th quarter worth approximately $73,000. Wilmington Savings Fund Society FSB acquired a new stake in Bank of Nova Scotia during the 3rd quarter worth approximately $111,000. Finally, Farther Finance Advisors LLC boosted its position 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 worth $148,000 after buying an additional 288 shares during the period. 49.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on BNS. 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. UBS Group raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Monday, November 18th. 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. Bank of America raised shares of Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays upgraded shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. One 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’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $75.50.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at $48.33 on Friday. The firm has a 50-day moving average of $51.13 and a 200-day moving average of $52.45. The company has a market cap of $60.19 billion, a P/E ratio of 11.19, a P/E/G ratio of 1.16 and a beta of 1.11. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03. The Bank of Nova Scotia has a one year low of $43.67 and a one year high of $57.07.

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 issued a $0.7415 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.97 annualized dividend and a dividend yield of 6.14%. Bank of Nova Scotia’s dividend payout ratio is currently 82.77%.

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.