Transamerica Financial Advisors Inc. Sells 472 Shares of The Bank of Nova Scotia (NYSE:BNS)

Transamerica Financial Advisors Inc. trimmed its holdings in shares of The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,034 shares of the bank’s stock after selling 472 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Bank of Nova Scotia were worth $271,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Bank of Nova Scotia during the 4th quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Bank of Nova Scotia in the fourth quarter valued at approximately $31,000. Allworth Financial LP grew its holdings in Bank of Nova Scotia by 121.1% during the fourth 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 period. BNP Paribas Financial Markets increased its position in Bank of Nova Scotia by 1,588.2% in the third 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 last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Bank of Nova Scotia in the fourth quarter valued at $73,000. 49.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. CIBC reiterated a “neutral” rating on shares of Bank of Nova Scotia in a research note on Tuesday, February 18th. Cibc World Mkts lowered 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 lowered their price target on shares of Bank of Nova Scotia from $83.00 to $81.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Bank of Nova Scotia currently has an average rating of “Hold” and a consensus target price of $81.00.

Bank of Nova Scotia Trading Down 1.2 %

Shares of BNS opened at $47.74 on Friday. The business’s 50-day moving average price is $49.87 and its 200-day moving average price is $52.33. 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 Bank of Nova Scotia has a twelve month low of $43.68 and a twelve month high of $57.07. The stock has a market cap of $59.46 billion, a PE ratio of 11.05, a P/E/G ratio of 1.16 and a beta of 1.11.

Bank of Nova Scotia Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be given a $0.7415 dividend. The ex-dividend date is Tuesday, April 1st. This represents a $2.97 dividend on an annualized basis and a dividend yield of 6.21%. Bank of Nova Scotia’s dividend payout ratio (DPR) is presently 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.