One Wealth Advisors LLC Has $929,000 Stock Position in Manulife Financial Co. (NYSE:MFC)

One Wealth Advisors LLC reduced its stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,446 shares of the financial services provider’s stock after selling 529 shares during the period. One Wealth Advisors LLC’s holdings in Manulife Financial were worth $929,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. West Financial Advisors LLC acquired a new stake in Manulife Financial during the 3rd quarter worth approximately $26,000. Grove Bank & Trust acquired a new stake in shares of Manulife Financial in the second quarter valued at approximately $25,000. Addison Advisors LLC raised its holdings in shares of Manulife Financial by 77.2% in the second quarter. Addison Advisors LLC now owns 1,072 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 467 shares during the last quarter. HHM Wealth Advisors LLC raised its holdings in shares of Manulife Financial by 119.0% in the second quarter. HHM Wealth Advisors LLC now owns 1,104 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 600 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Manulife Financial by 73.6% in the first quarter. Bruce G. Allen Investments LLC now owns 1,156 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 490 shares during the last quarter. 52.56% of the stock is currently owned by institutional investors and hedge funds.

Manulife Financial Stock Up 0.3 %

Shares of NYSE:MFC traded up $0.09 during midday trading on Thursday, hitting $30.76. The stock had a trading volume of 61,454 shares, compared to its average volume of 2,616,074. Manulife Financial Co. has a 12 month low of $17.07 and a 12 month high of $30.86. The business’s 50-day simple moving average is $28.03 and its 200-day simple moving average is $26.31. The company has a market cap of $55.05 billion, a P/E ratio of 17.83, a PEG ratio of 1.09 and a beta of 1.08.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.27. Manulife Financial had a net margin of 9.18% and a return on equity of 16.16%. The firm had revenue of $9.41 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same period in the previous year, the business posted $0.62 earnings per share. As a group, equities analysts predict that Manulife Financial Co. will post 2.73 earnings per share for the current year.

Manulife Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, August 21st. This represents a $1.16 dividend on an annualized basis and a yield of 3.77%. Manulife Financial’s dividend payout ratio (DPR) is 66.86%.

Wall Street Analysts Forecast Growth

MFC has been the topic of a number of recent research reports. Barclays initiated coverage on shares of Manulife Financial in a report on Thursday, September 5th. They issued an “equal weight” rating on the stock. TD Securities lifted their price objective on shares of Manulife Financial from $38.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 28th. Finally, Dbs Bank upgraded shares of Manulife Financial to a “strong-buy” rating in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $35.67.

Manulife Financial Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.