Deutsche Bank AG Grows Holdings in Manulife Financial Corp (NYSE:MFC)

Deutsche Bank AG grew its position in Manulife Financial Corp (NYSE:MFC - Free Report) TSE: MFC by 8.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,837,989 shares of the financial services provider's stock after buying an additional 227,979 shares during the period. Deutsche Bank AG owned approximately 0.17% of Manulife Financial worth $88,403,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of MFC. Brighton Jones LLC raised its position in Manulife Financial by 33.9% in the 4th quarter. Brighton Jones LLC now owns 9,393 shares of the financial services provider's stock worth $288,000 after buying an additional 2,376 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Manulife Financial in the 4th quarter worth about $2,256,000. Raymond James Financial Inc. purchased a new position in Manulife Financial in the 4th quarter worth about $16,213,000. CenterBook Partners LP purchased a new position in Manulife Financial in the 4th quarter worth about $472,000. Finally, Rockefeller Capital Management L.P. purchased a new position in Manulife Financial in the 4th quarter worth about $372,000. 52.56% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley set a $46.00 target price on Manulife Financial in a research report on Monday, May 19th. Royal Bank Of Canada decreased their target price on Manulife Financial from $51.00 to $49.00 and set an "outperform" rating for the company in a research report on Friday, August 8th.

Manulife Financial Stock Performance

Shares of NYSE MFC traded up $0.12 during midday trading on Thursday, hitting $30.60. 1,167,710 shares of the company's stock traded hands, compared to its average volume of 2,303,852. Manulife Financial Corp has a 1 year low of $25.72 and a 1 year high of $33.07. The stock has a market capitalization of $51.98 billion, a price-to-earnings ratio of 13.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.01. The firm has a fifty day moving average of $31.09 and a 200 day moving average of $30.54.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). Manulife Financial had a net margin of 10.46% and a return on equity of 15.77%. The business had revenue of $11.30 billion for the quarter. During the same period in the prior year, the firm earned $0.91 earnings per share. On average, equities analysts anticipate that Manulife Financial Corp will post 2.87 earnings per share for the current year.

Manulife Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Wednesday, August 20th will be given a dividend of $0.3199 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, August 20th. This is an increase from Manulife Financial's previous quarterly dividend of $0.32. Manulife Financial's payout ratio is currently 57.14%.

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.