BayBridge Capital Group LLC Cuts Stake in Manulife Financial Co. (NYSE:MFC)

BayBridge Capital Group LLC lessened its holdings in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,158 shares of the financial services provider’s stock after selling 1,246 shares during the period. BayBridge Capital Group LLC’s holdings in Manulife Financial were worth $619,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Cidel Asset Management Inc. boosted its holdings in Manulife Financial by 1.1% in the fourth quarter. Cidel Asset Management Inc. now owns 494,733 shares of the financial services provider’s stock valued at $15,191,000 after purchasing an additional 5,226 shares during the period. Golden State Wealth Management LLC purchased a new position in shares of Manulife Financial in the 4th quarter valued at about $35,000. Robertson Stephens Wealth Management LLC grew its position in shares of Manulife Financial by 1.5% during the fourth quarter. Robertson Stephens Wealth Management LLC now owns 23,068 shares of the financial services provider’s stock worth $708,000 after buying an additional 339 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in shares of Manulife Financial by 16.8% during the fourth quarter. Stratos Wealth Partners LTD. now owns 38,373 shares of the financial services provider’s stock worth $1,178,000 after buying an additional 5,515 shares during the period. Finally, Mather Group LLC. acquired a new stake in Manulife Financial in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 52.56% of the company’s stock.

Manulife Financial Stock Up 0.4 %

NYSE MFC opened at $30.14 on Friday. Manulife Financial Co. has a 52 week low of $21.95 and a 52 week high of $33.07. The firm has a 50 day moving average of $30.73 and a two-hundred day moving average of $29.43. The stock has a market capitalization of $52.11 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.04 and a beta of 1.09.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, November 6th. The financial services provider reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.30. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. The firm had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.73 billion. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, equities research analysts expect that Manulife Financial Co. will post 2.67 earnings per share for the current fiscal year.

Manulife Financial Company 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.