Bank of Nova Scotia (The) (BNS) Position Maintained by Osborn Williams & Donohoe LLC

Osborn Williams & Donohoe LLC continued to hold its stake in Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the bank’s stock at the end of the second quarter. Osborn Williams & Donohoe LLC’s holdings in Bank of Nova Scotia (The) were worth $493,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC raised its stake in Bank of Nova Scotia (The) by 415.1% in the first quarter. Acadian Asset Management LLC now owns 621,244 shares of the bank’s stock valued at $36,243,000 after buying an additional 500,630 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in Bank of Nova Scotia (The) by 2.1% in the first quarter. Gulf International Bank UK Ltd now owns 377,394 shares of the bank’s stock valued at $22,046,000 after buying an additional 7,900 shares during the last quarter. Creative Planning raised its stake in Bank of Nova Scotia (The) by 7.8% in the second quarter. Creative Planning now owns 14,383 shares of the bank’s stock valued at $865,000 after buying an additional 1,044 shares during the last quarter. Korea Investment CORP raised its stake in Bank of Nova Scotia (The) by 20.4% in the first quarter. Korea Investment CORP now owns 714,458 shares of the bank’s stock valued at $41,679,000 after buying an additional 121,150 shares during the last quarter. Finally, Lincluden Management Ltd. raised its stake in Bank of Nova Scotia (The) by 44.4% in the fourth quarter. Lincluden Management Ltd. now owns 931,624 shares of the bank’s stock valued at $51,818,000 after buying an additional 286,295 shares during the last quarter. 50.07% of the stock is owned by institutional investors and hedge funds.

Bank of Nova Scotia (BNS) traded up 0.31% on Friday, reaching $61.23. 524,869 shares of the company’s stock were exchanged. The firm has a market cap of $73.59 billion, a PE ratio of 12.36 and a beta of 1.26. Bank of Nova Scotia has a 12 month low of $51.07 and a 12 month high of $63.07. The firm’s 50-day moving average is $61.51 and its 200-day moving average is $59.09.

Bank of Nova Scotia (The) (NYSE:BNS) (TSE:BNS) last posted its earnings results on Tuesday, May 30th. The bank reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.08. The company had revenue of $6.58 billion during the quarter, compared to analysts’ expectations of $6.73 billion. Bank of Nova Scotia (The) had a net margin of 22.17% and a return on equity of 14.45%. Bank of Nova Scotia (The)’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 EPS. On average, equities analysts forecast that Bank of Nova Scotia will post $5.10 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Tuesday, July 4th were paid a dividend of $0.5635 per share. This represents a $2.25 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Thursday, June 29th. Bank of Nova Scotia (The)’s dividend payout ratio is presently 46.97%.

Bank of Nova Scotia (The) announced that its board has initiated a share repurchase program on Tuesday, May 30th that authorizes the company to buyback 24,000,000 shares. This buyback authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

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BNS has been the subject of several analyst reports. Zacks Investment Research lowered shares of Bank of Nova Scotia (The) from a “hold” rating to a “sell” rating in a research note on Tuesday, May 2nd. Royal Bank Of Canada lifted their price objective on shares of Bank of Nova Scotia (The) from $86.00 to $87.00 and gave the company an “outperform” rating in a research note on Wednesday, May 31st. BidaskClub raised shares of Bank of Nova Scotia (The) from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Barclays PLC raised shares of Bank of Nova Scotia (The) from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 23rd. Finally, Canaccord Genuity initiated coverage on shares of Bank of Nova Scotia (The) in a research note on Tuesday, July 18th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $74.67.

About Bank of Nova Scotia (The)

The Bank of Nova Scotia is an international bank and a financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. The Bank offers a range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

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

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