Shares are trading at $61.75 which is slightly above the 50 day moving average which is $57.54 and which is just a bit higher than the 200 day moving average of $58.17. The 50 day moving average was up $4.21 whereas the 200 day average was up by +6.15%. Bank Nova Scotia Halifax Pfd 3 shares had a trading volume of 714K in the last trading session. Trading volume was down 23.32% under the stocks average daily volume.
These funds have also shifted positions in (BNS). Mackenzie Financial Corp reduced its investment by selling 136,666 shares a decrease of 2.2% in the quarter. Mackenzie Financial Corp currently owns 6,062,772 shares with a value of $355,097,000. The total value of its holdings increased 3.1%. As of quarter end Mawer Investment Management Ltd. had disposed of 108,963 shares trimming its position 2.5%. The value of the company’s investment in Bank Nova Scotia Halifax Pfd 3 increased from $245,062,000 to $251,178,000 increasing 2.5% quarter over quarter.
As of the end of the quarter Proficio Capital Partners LLC had bought a total of 910 shares growing its stake by 189.2%. The value of the total investment in Bank Nova Scotia Halifax Pfd 3 went from $27,000 to $78,000 a change of $51,000 since the last quarter. Morgan Stanley cut its ownership by shedding 4,376 shares a decrease of 13.7% as of 03/31/2017. Morgan Stanley now controls 27,675 shares valued at $1,621,000. The value of the position overall is down by 9.2%.
On May 23 the stock rating was upgraded to “Overweight” from “Equal-weight” in a report issued by Barclays. On November 14, 2016 Credit Suisse started covering the stock giving it an initial rating of “Neutral”.
Bank of America added BNS to its research portfolio setting a rating of “Buy”. Equity analyst Dundee began coverage of the stock with a rating of “Buy”.
On June 9 the company was downgraded from “” to “Neutral” by analysts at Macquarie. On December 17 Credit Suisse left the stock rating at “Neutral” but lowered the price expectation to $68.00 from $71.00.
In the market the company is trading up from yesterday’s close of $60.85. The company also declared a dividend for shareholders payable on Thursday July 27th, 2017. The dividend will be $0.548 per share for the quarter or $2.19 annualized. This dividend amount will represent a yeild of $3.90. The ex-dividend date will be Thursday June 29th, 2017.
Bank Nova Scotia Halifax Pfd 3 currently has a P/E ratio of 12.77 and the market value is 74.22B. In the latest earnings report the EPS was $4.84 and is expected to be $5.01 for the current year with 1,201,871,000 shares currently outstanding. Next quarter’s EPS is expected be $1.27 with next year’s EPS anticipated to be $5.32.
The Bank of Nova Scotia provides various personal, commercial, corporate, and investment banking services in Canada and internationally. It offers financial advice, solutions, and day-to-day banking products, including debit cards, checking accounts, credit cards, investments, mortgages, loans, and related insurance products to individuals and small businesses; and commercial banking solutions comprising lending, deposit, cash management, and trade finance solutions to medium and large businesses comprising automotive dealers and their customers through a network of approximately 1,000 branches, 3,900 automated banking machines (ABMs), and commercial relationship managers. The company also provides a range of financial products, solutions, and advice to retail and commercial customers in Latin America, the Caribbean, Central America, and Asia primarily through a network of approximately 2,000 branches and offices, 4,600 ABMs, in-store banking kiosks, and specialized sales forces. In addition, it offers wealth management services through 100 offices, including asset management and advisory services for retail and institutional investors. Further, the company provides solutions to corporate, government, and institutional clients, which comprise corporate lending; transaction banking, including trade finance and cash management; investment banking, including corporate finance, and mergers and acquisitions; fixed income and equity underwriting, sales, trading, and research; prime finance comprising prime brokerage and stock lending; foreign exchange sales and trading; energy and agricultural commodities trading and hedging; precious and base metals sales, trading, financing, and physical services; and collateral management. It also offers its products through mobile, Internet, and telephone banking. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada..