Tocqueville Asset Management L.P. Has $391,000 Position in Manulife Financial Corp (MFC)
Tocqueville Asset Management L.P. maintained its stake in shares of Manulife Financial Corp (NYSE:MFC) (TSE:MFC) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,834 shares of the financial services provider’s stock at the end of the second quarter. Tocqueville Asset Management L.P.’s holdings in Manulife Financial Corp were worth $391,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in the stock. Greenleaf Trust bought a new stake in shares of Manulife Financial Corp during the first quarter worth approximately $185,000. OppenheimerFunds Inc. increased its stake in shares of Manulife Financial Corp by 16.1% in the first quarter. OppenheimerFunds Inc. now owns 12,793 shares of the financial services provider’s stock worth $227,000 after buying an additional 1,775 shares during the period. Barry Investment Advisors LLC increased its stake in shares of Manulife Financial Corp by 1.2% in the second quarter. Barry Investment Advisors LLC now owns 200,592 shares of the financial services provider’s stock worth $3,763,000 after buying an additional 2,322 shares during the period. SG Americas Securities LLC increased its stake in shares of Manulife Financial Corp by 76.3% in the first quarter. SG Americas Securities LLC now owns 24,731 shares of the financial services provider’s stock worth $439,000 after buying an additional 10,706 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Manulife Financial Corp by 737.8% in the first quarter. Sei Investments Co. now owns 636,004 shares of the financial services provider’s stock worth $11,282,000 after buying an additional 560,094 shares during the period. Institutional investors own 45.97% of the company’s stock.
Manulife Financial Corp (NYSE MFC) opened at 19.51 on Thursday. Manulife Financial Corp has a 1-year low of $13.38 and a 1-year high of $20.84. The firm has a market capitalization of $38.59 billion, a P/E ratio of 13.51 and a beta of 1.30. The stock has a 50 day moving average of $19.97 and a 200-day moving average of $18.42.
Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $12.34 billion during the quarter, compared to the consensus estimate of $16.09 billion. During the same period last year, the business posted $0.40 earnings per share. On average, equities research analysts anticipate that Manulife Financial Corp will post $1.79 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, August 22nd will be paid a $0.1621 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.32%. This is a positive change from Manulife Financial Corp’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, August 18th. Manulife Financial Corp’s dividend payout ratio (DPR) is 47.83%.
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MFC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a report on Monday, July 10th. ValuEngine lowered Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub upgraded Manulife Financial Corp from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, National Bank Financial restated a “sector perform overweight” rating on shares of Manulife Financial Corp in a report on Wednesday, May 3rd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Manulife Financial Corp has an average rating of “Buy” and an average target price of $23.33.
Manulife Financial Corp Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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