Position Changed: Manulife Finl Corp (Prn) (MFC) Shareholder Parkside Financial Bank & Trust Trimmed Its Position by $1.75 Billion as Stock Price Rose

Position Changed: Manulife Finl Corp (Prn) (MFC) Shareholder Parkside Financial Bank & Trust Trimmed Its Position by $1.75 Billion as Stock Price Rose

Parkside Financial Bank & Trust decreased its stake in Manulife Finl Corp (Prn) (MFC) by 99.98% based on its latest 2016Q3 regulatory filing with the SEC. Parkside Financial Bank & Trust sold 10,788 shares as the company’s stock rose 2.54% with the market. The institutional investor held 2 shares of the life insurance company at the end of 2016Q3, valued at $325,000, down from 10,790 at the end of the previous reported quarter. Parkside Financial Bank & Trust who had been investing in Manulife Finl Corp (Prn) for a number of months, seems to be less bullish one the $36.61B market cap company. The stock increased 1.34% or $0.24 on January 10, hitting $18.57. Manulife Financial Corporation (USA) (NYSE:MFC) has risen 24.97% since June 7, 2016 and is uptrending. It has outperformed by 17.54% the S&P500.

Analysts await Manulife Financial Corporation (USA) (NYSE:MFC) to report earnings on February, 9. They expect $0.35 earnings per share, up 12.90% or $0.04 from last year’s $0.31 per share. MFC’s profit will be $690.01M for 13.26 P/E if the $0.35 EPS becomes a reality. After $0.37 actual earnings per share reported by Manulife Financial Corporation (USA) for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth.

More notable recent Manulife Financial Corporation (USA) (NYSE:MFC) news were published by: Fool.ca which released: “Manulife Financial Corp.: It’s All About Asia” on January 09, 2017, also Fool.ca with their article: “Why Manulife Financial Corp. Could Outperform in 2017” published on November 03, 2016, Fool.ca published: “Have You Considered Manulife Financial Corp. Lately?” on December 20, 2016. More interesting news about Manulife Financial Corporation (USA) (NYSE:MFC) were released by: Fool.ca and their article: “Manulife Financial Corp.: It’s Time to Load Up” published on December 27, 2016 as well as Fool.ca‘s news article titled: “Is Manulife Financial Corp. Worth Considering?” with publication date: November 30, 2016.

According to Zacks Investment Research, “Manulife Financial Corporation is engaged in providing financial protection products and investment management services to individuals, families, businesses and groups in selected international markets.”

Manulife Financial Corporation (USA) (NYSE:MFC) Ratings Coverage

Out of 5 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. $28.0 is the highest target while $24 is the lowest. The $26.25 average target is 41.36% above today’s ($18.57) stock price. Manulife Financial Corp. has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock of Manulife Financial Corporation (USA) (NYSE:MFC) has “Outperform” rating given on Friday, November 13 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, August 7 by RBC Capital Markets. The stock of Manulife Financial Corporation (USA) (NYSE:MFC) has “Buy” rating given on Friday, August 7 by TD Securities. The rating was downgraded by IBC to “Sector Perform” on Thursday, August 4. The rating was initiated by Dundee Securities with “Buy” on Wednesday, September 21. The stock has “Buy” rating given by Bank of America on Wednesday, August 24.

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