RBC Global Asset Management, Inc. has recently announced that it has increased stake in Manulife Financial Corp. (NYSE:MFC) by 1.91%. After grabbing 118.82 million shares, the institutional investor is now in possession of 2.22 million shares of the Financial Company. The new investment brought the stake of investor firm to 6.58% having worth around $2.63 billion. Moreover, The Vanguard Group, Inc. increased its share by 0.5 million to have a control over 46.28 million shares. And BMO Asset Management Corp. raised its holdings to 4.6 million shares by acquiring 31.81 million shares or 1.76% of the stake.
Manulife Financial Corp. (MFC) concluded trading on Thursday at a closing price of $21.92, with 8.2 million shares of worth about $179.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 10.26% during that period and on Thursday, January 25 the price saw a gain of about 1.39%. Currently the company’s common shares owned by public are about 1.86B shares, out of which, 1.80B shares are available for trading.
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Vanguard Total International Stoc, Government Pension Fund – Global, and Harding Loevner International Equ are the top 3 mutual funds which are holding stakes in Manulife Financial Corp. Vanguard Total International Stoc is currently holding 25.04 million shares of worth totaling $553.38 million. The company recently came selling -0.28 million shares which brought its stake up to 1.39% of the company’s outstanding shares. Government Pension Fund – Global bought 3.73 million shares, after which its hold over company’s outstanding shares expand to 1.23%, leaving 22.3 million shares with the mutual fund that have a worth of about $492.84 million. Harding Loevner International Equ, after selling 18.65 million shares, have now control over 1.03% of the stake in the company. It holds -1.29 million shares of worth $412.1 million.
However, the stock later moved at a day high price of 21.94, or with a gain of 1.39%. Stock saw a price change of 4.38% in past 5 days and over the past one month there was a price change of 0.09%. Year-to-date (YTD), MFC shares are showing a performance of -0.81% which increased to 13.93% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.07 but also hit the highest price of $22.33 during that period. The average intraday trading volume for Manulife Financial Corp. shares is 3.25 million. The stock is currently trading 1.44% above its 20-day simple moving average (SMA20), while that difference is up 6.24% for SMA50 and it goes to 13.74% higher than SMA200.
RBC Global Asset Management, Inc. acquired 118.82 million shares of Manulife Financial Corp. having value of about $2.63 billion. Data submitted at the U.S SEC by RBC Global Asset Management, Inc. revealed that the firm now holds 2.22 million shares in the company valued at close to $48748962.08, or have control over 1.91% stake in the company. Manulife Financial Corp. (NYSE: MFC) currently have 1.86B outstanding shares and institutions hold larger chunk of about 51.88% of that. Holding of mutual funds in the company is about 21.12% while other institutional holders and individual stake holders have control over 31.18% and — of the stake respectively.
The stock has a current market capitalization of $39.60B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 10.93, while it has posted earnings per share of $2.00 in the same period. Its PEG reads 3.85 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MFC, volatility over the week remained 1.06% while standing at 1.20% over the month.
Analysts are in expectations that Manulife Financial Corp. (MFC) stock would likely to be making an EPS of $0.63 in the current quarter, while forecast for next quarter EPS is $0.67 and it is $2.69 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.61 which is $0.64 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.66 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 7.02% while it is estimated to increase by 7.45% in next year. EPS is likely to shrink at an annualized rate of 2.84% for next 5-years, compared to annual growth of 30.24% made by the stock over the past 5-years.
