Radnor Capital Management LLC Has $741,000 Stock Position in The Bank of Nova Scotia (NYSE:BNS)

Radnor Capital Management LLC reduced its stake in The Bank of Nova Scotia (NYSE:BNS) (TSE:BNS) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,790 shares of the bank’s stock after selling 1,000 shares during the quarter. Radnor Capital Management LLC’s holdings in Bank of Nova Scotia were worth $741,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BNS. BNP Paribas Financial Markets increased its stake in shares of Bank of Nova Scotia by 1,588.2% during the third quarter. BNP Paribas Financial Markets now owns 861 shares of the bank’s stock worth $47,000 after purchasing an additional 810 shares during the period. City State Bank bought a new position in Bank of Nova Scotia during the 3rd quarter worth $57,000. Fortitude Family Office LLC bought a new stake in shares of Bank of Nova Scotia in the fourth quarter valued at about $73,000. Blue Trust Inc. grew its stake in shares of Bank of Nova Scotia by 171.6% in the third quarter. Blue Trust Inc. now owns 1,578 shares of the bank’s stock valued at $86,000 after acquiring an additional 997 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new position in Bank of Nova Scotia during the third quarter worth about $111,000. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Bank of Nova Scotia Stock Up 0.8 %

NYSE BNS opened at $51.70 on Thursday. 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 fifty-two week low of $43.67 and a fifty-two week high of $57.07. The stock has a market capitalization of $64.39 billion, a PE ratio of 11.97, a PEG ratio of 1.26 and a beta of 1.08. The business has a fifty day moving average price of $54.40 and a two-hundred day moving average price of $51.33.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Shareholders of record on Tuesday, January 7th will be given a $0.7535 dividend. This represents a $3.01 dividend on an annualized basis and a yield of 5.83%. The ex-dividend date is Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio is presently 68.06%.

Wall Street Analyst Weigh In

BNS has been the subject of a number of recent research reports. Barclays raised shares of Bank of Nova Scotia from an “underweight” rating to an “equal weight” rating in a report on Thursday, November 21st. Cibc World Mkts raised Bank of Nova Scotia from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 20th. Canaccord Genuity Group upgraded Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. Bank of America upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 19th. Finally, Canaccord Genuity Group raised Bank of Nova Scotia from a “hold” rating to a “buy” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Bank of Nova Scotia currently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Bank of Nova Scotia Company 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.