Golden State Wealth Management LLC Takes $35,000 Position in Manulife Financial Co. (NYSE:MFC)

Golden State Wealth Management LLC bought a new position in Manulife Financial Co. (NYSE:MFC) (TSE:MFC) in the 4th quarter, Holdings Channel reports. The fund bought 1,137 shares of the financial services provider’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its position in shares of Manulife Financial by 13.5% in the third quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider’s stock worth $829,374,000 after purchasing an additional 3,329,892 shares during the period. Geode Capital Management LLC lifted its stake in shares of Manulife Financial by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider’s stock valued at $247,473,000 after buying an additional 616,517 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Manulife Financial by 3.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,186,930 shares of the financial services provider’s stock worth $153,455,000 after buying an additional 158,216 shares during the period. The Manufacturers Life Insurance Company increased its stake in Manulife Financial by 1.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,035,663 shares of the financial services provider’s stock worth $60,202,000 after buying an additional 36,838 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Manulife Financial by 16.4% in the third quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock valued at $61,426,000 after acquiring an additional 279,418 shares in the last quarter. Institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.8 %

NYSE:MFC opened at $29.63 on Wednesday. The stock has a 50-day moving average price of $30.64 and a 200 day moving average price of $29.53. Manulife Financial Co. has a 12-month low of $21.95 and a 12-month high of $33.07. The stock has a market capitalization of $51.05 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.04 and a beta of 1.09.

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.