Manulife Financial Corp (NYSE:MFC).
Agf Investments Inc. reports that it sold 158,155 shares in quarter ending 09/30/2017 decreasing its exposure to Manulife Financial Corp by 3.3%. Its stake stood at $94,306,000 an increase of $4,139,000 as of the end of the quarter.
Agf Investments Inc. isn’t the only one who has changed their investment in MFC. As of the end of the quarter Baird Financial Group, Inc. had bought 2,056 shares growing its position 5.7%. The value of the investment in MFC went from $676,000 to $773,000 a change of 14.3% for the reporting period. Raymond James & Associates bolstered its holdings by buying 37,351 shares an increase of 43.0% as of 09/30/2017. Raymond James & Associates now controls 124,163 shares with a value of $2,520,000. The total value of its holdings increased 54.8%.
Bowen Hanes & Co Inc augmented its stake by buying 25,900 shares an increase of 1.5% in the quarter. Bowen Hanes & Co Inc currently owns 1,715,035 shares valued at $34,798,000. The value of the position overall is up by 9.8%.
Morgan Stanley raised the price target on October 5 changing the price objective from $26.00 to $27.00 and issued a “Equal Weight” recommendation.
The company is trading up since yesterday’s close of 20.96. The P/E ratio is currently 14.66 and the market cap is 41.61B. As of the last earnings report the EPS was $1.43 with 1.98B shares now outstanding.
Investors are a little more bullish on Manulife Financial Corp of late if you evaluate the change in short interest. The company recorded a fall in short interest of -4.93% between September 29, 2017 and October 13, 2017. Short shares decreased 326,331 over that timeframe. With short interest at 6,287,431 and short average daily volume at 1,589,063, the short-interest ratio is 4.0 and the short interest percentage is 0.00% as of October 13.