Mn Services Vermogensbeheer B.V. Has $14.23 Million Stock Holdings in The Bank of Nova Scotia (NYSE:BNS)

Mn Services Vermogensbeheer B.V. lifted its holdings in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 265,200 shares of the bank’s stock after buying an additional 3,900 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Bank of Nova Scotia were worth $14,234,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its stake in shares of Bank of Nova Scotia by 17.5% in the third quarter. The Manufacturers Life Insurance Company now owns 4,438,129 shares of the bank’s stock worth $241,981,000 after acquiring an additional 660,097 shares during the last quarter. Intact Investment Management Inc. increased its holdings in shares of Bank of Nova Scotia by 48.3% in the third quarter. Intact Investment Management Inc. now owns 1,563,594 shares of the bank’s stock valued at $85,201,000 after purchasing an additional 509,120 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Bank of Nova Scotia by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,744,062 shares of the bank’s stock worth $204,214,000 after purchasing an additional 150,247 shares during the last quarter. Citigroup Inc. lifted its holdings in Bank of Nova Scotia by 12.3% during the 3rd quarter. Citigroup Inc. now owns 580,664 shares of the bank’s stock worth $31,673,000 after buying an additional 63,528 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Bank of Nova Scotia by 2.4% in the 3rd quarter. CIBC Asset Management Inc now owns 10,074,518 shares of the bank’s stock valued at $550,729,000 after buying an additional 240,803 shares during the last quarter. Institutional investors and hedge funds own 49.13% of the company’s stock.

Bank of Nova Scotia Stock Performance

Shares of BNS stock opened at $49.68 on Friday. The stock has a 50-day moving average of $51.72 and a 200-day moving average of $52.35. The Bank of Nova Scotia has a one year low of $43.67 and a one year high of $57.07. The stock has a market cap of $61.87 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.07. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.03 and a quick ratio of 1.03.

Bank of Nova Scotia Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be given a dividend of $0.7415 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a dividend yield of 5.97%. Bank of Nova Scotia’s dividend payout ratio is 68.06%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on BNS shares. CIBC restated a “neutral” rating on shares of Bank of Nova Scotia in a research report on Tuesday, February 18th. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research report on Tuesday, November 19th. 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. Barclays upgraded shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a research report on Thursday, November 21st. Finally, TD Securities raised shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Monday, November 4th. 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. Based on data from MarketBeat, Bank of Nova Scotia presently has an average rating of “Hold” and a consensus price target of $75.50.

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.