Bank of Nova Scotia boosts stake in Ford shares
Bank of Nova Scotia raised its Ford Motor stake by 337.4% in the second quarter, per an SEC 13F, while other holders also increased positions. Ford reported quarterly EPS of $0.42 versus $0.33 consensus and disclosed a dividend payable Sept. 1, with a -32.09% payout ratio. Analysts upgraded Ford, including DBS to moderate buy and Citigroup to buy with a $20 target.