Barrow Hanley Mewhinney & Strauss 13F: Cuts BNS Stake by $9.3M

Barrow Hanley Mewhinney & Strauss trimmed its position in The Bank of Nova Scotia (NYSE: BNS) according to its latest 13F filing with the SEC. The fund reduced its holdings by 107,217 shares, a 3.2% decrease, leaving it with 3,219,293 shares valued at approximately $278.8 million as of the reporting period.

What Changed in Barrow Hanley's The Bank of Nova Scotia Position

Barrow Hanley reduced its stake in The Bank of Nova Scotia from 3,326,510 shares to 3,219,293 shares, a decrease of 107,217 shares. This change represents a 3.2% reduction in their holdings, now valued at about $278.8 million.

Other Institutional Activity in The Bank of Nova Scotia

Among other institutional investors, Royal Bank of Canada lowered its holdings by 10,013,275 shares, now holding 71,847,668 shares valued at roughly $5 billion, marking a 12.2% decrease. Bank of Montreal reduced its stake by 1,830,901 shares to 56,069,406 shares worth around $3.9 billion, a 3.2% decrease. Vanguard Capital Management LLC opened a new position with 35,683,283 shares valued at $2.47 billion. CIBC World Market Inc. cut its holdings by 2,594,320 shares, ending with 25,977,781 shares valued at $1.8 billion, a 9.1% decrease. Meanwhile, TD Asset Management Inc. added 507,378 shares, bringing its total to 19,181,963 shares, valued at approximately $1.33 billion, a 2.7% increase.

The Bank of Nova Scotia Stock Down 7.9%

Shares of NYSE:BNS traded near $86.60 on Tuesday. The Bank of Nova Scotia has a market cap of approximately $105.6 billion, with a P/E ratio of 16.93 and a forward P/E of 13.22. The stock's 52-week range is between $54.29 and $87.98, with a 50-day moving average of $79.76 and a 200-day moving average of $72.49. The bank, with a beta of 1.217, shows moderate volatility compared to the market.

Recent Earnings

The Bank of Nova Scotia reported revenue of $34.2 billion, reflecting a growth rate of 12.6%. The company's net margin stands at 27.9%, with a return on equity of 11.0%. The next earnings announcement is expected on August 25, 2026.

Dividend

The Bank of Nova Scotia offers an annual dividend rate of $3.30 per share, yielding 3.83%. The dividend payout ratio is 60.69%.

Analysts Set New Price Targets

On May 28, 2026, RBC Capital maintained its 'hold' rating on The Bank of Nova Scotia, setting a price target of $117. The consensus among analysts is a 'hold' rating, with an average target price of $81.36 based on three analyst opinions.

About The Bank of Nova Scotia

The Bank of Nova Scotia, headquartered in Toronto, Canada, offers a wide range of banking products and services. It operates through segments including Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. The bank serves customers in Canada, the United States, Latin America, the Caribbean, and internationally, providing personal and business banking, wealth management, and capital markets services. Founded in 1832, it is led by CEO Mr. L. Scott Thomson and employs over 80,000 people.

Bottom Line

Barrow Hanley's recent trimming of its stake in The Bank of Nova Scotia reflects a modest decrease in investment, yet it still holds a significant position. Investors often track such moves to gauge institutional sentiment. Remember, 13F filings are backward-looking and may not represent current positions. The Bank of Nova Scotia continues to attract analyst attention, with a consensus 'hold' rating and steady dividend yield.