Crossmark Global Holdings Inc. Sells 2,068 Shares of The Bank of Nova Scotia (NYSE:BNS)

Crossmark Global Holdings Inc. decreased its holdings in The Bank of Nova Scotia (NYSE:BNSFree Report) (TSE:BNS) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,991 shares of the bank’s stock after selling 2,068 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Bank of Nova Scotia were worth $8,272,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BNS. Sigma Planning Corp grew its holdings in Bank of Nova Scotia by 1.9% in the third quarter. Sigma Planning Corp now owns 11,089 shares of the bank’s stock worth $604,000 after purchasing an additional 210 shares during the period. Signaturefd LLC boosted its position in shares of Bank of Nova Scotia by 1.2% during the 3rd quarter. Signaturefd LLC now owns 18,470 shares of the bank’s stock worth $1,006,000 after purchasing an additional 216 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Bank of Nova Scotia by 7.3% in the 3rd quarter. Addison Advisors LLC now owns 3,357 shares of the bank’s stock valued at $183,000 after buying an additional 227 shares during the period. Merit Financial Group LLC increased its position in Bank of Nova Scotia by 5.8% in the 4th quarter. Merit Financial Group LLC now owns 4,905 shares of the bank’s stock valued at $264,000 after buying an additional 271 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Bank of Nova Scotia by 11.9% in the third quarter. Farther Finance Advisors LLC now owns 2,713 shares of the bank’s stock worth $148,000 after acquiring an additional 288 shares in the last quarter. 49.13% of the stock is currently owned by institutional investors and hedge funds.

Bank of Nova Scotia Trading Up 1.8 %

Shares of BNS stock opened at $51.79 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.03 and a current ratio of 1.03. The company has a market capitalization of $64.51 billion, a price-to-earnings ratio of 11.99, a PEG ratio of 1.15 and a beta of 1.08. The Bank of Nova Scotia has a 52-week low of $43.67 and a 52-week high of $57.07. The company has a 50-day simple moving average of $54.20 and a two-hundred day simple moving average of $51.49.

Bank of Nova Scotia Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Tuesday, January 7th will be issued a $0.7535 dividend. This represents a $3.01 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Tuesday, January 7th. Bank of Nova Scotia’s dividend payout ratio is presently 68.06%.

Analysts Set New Price Targets

Several research firms have recently commented on BNS. UBS Group upgraded Bank of Nova Scotia from a “neutral” rating to a “buy” rating in a report on Monday, November 18th. Royal Bank of Canada upped their price objective on shares of Bank of Nova Scotia from $65.00 to $74.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 4th. TD Securities upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Monday, November 4th. Canaccord Genuity Group upgraded shares of Bank of Nova Scotia from a “hold” rating to a “buy” rating in a report on Tuesday, November 19th. Finally, Bank of America upgraded Bank of Nova Scotia from a “neutral” 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 issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

View Our Latest Stock Report on Bank of Nova Scotia

Bank of Nova Scotia Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Bank of Nova Scotia (NYSE:BNS)

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