Vise Technologies Inc. Has $1.83 Million Stock Holdings in Manulife Financial Co. (NYSE:MFC)

Vise Technologies Inc. grew its holdings in shares of Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 33.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,714 shares of the financial services provider's stock after purchasing an additional 15,105 shares during the quarter. Vise Technologies Inc.'s holdings in Manulife Financial were worth $1,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dorsey & Whitney Trust CO LLC bought a new position in shares of Manulife Financial during the 4th quarter valued at $330,000. AEGON ASSET MANAGEMENT UK Plc raised its holdings in shares of Manulife Financial by 14.9% during the 4th quarter. AEGON ASSET MANAGEMENT UK Plc now owns 88,631 shares of the financial services provider's stock valued at $2,719,000 after purchasing an additional 11,509 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Manulife Financial by 28.7% during the 4th quarter. Geode Capital Management LLC now owns 10,650,598 shares of the financial services provider's stock valued at $333,291,000 after purchasing an additional 2,377,338 shares in the last quarter. Prudential Financial Inc. raised its holdings in shares of Manulife Financial by 60.4% during the 4th quarter. Prudential Financial Inc. now owns 36,200 shares of the financial services provider's stock valued at $1,112,000 after purchasing an additional 13,638 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Manulife Financial by 4.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,809,774 shares of the financial services provider's stock valued at $55,578,000 after purchasing an additional 81,799 shares in the last quarter. Institutional investors own 52.56% of the company's stock.

Manulife Financial Price Performance

Shares of MFC stock traded up $0.25 during trading hours on Thursday, reaching $31.76. 410,428 shares of the company were exchanged, compared to its average volume of 2,405,897. Manulife Financial Co. has a fifty-two week low of $23.30 and a fifty-two week high of $33.07. The stock's fifty day moving average is $30.33 and its two-hundred day moving average is $30.58. The company has a market cap of $54.39 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 1.11 and a beta of 1.00.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last announced its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.70 by ($0.01). Manulife Financial had a net margin of 10.08% and a return on equity of 15.98%. The business had revenue of $1.49 billion during the quarter. During the same quarter in the previous year, the firm posted $0.94 earnings per share. On average, research analysts anticipate that Manulife Financial Co. will post 2.87 earnings per share for the current year.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Shareholders of record on Wednesday, May 21st will be issued a $0.3194 dividend. The ex-dividend date is Wednesday, May 21st. This is a positive change from Manulife Financial's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 4.02%. Manulife Financial's dividend payout ratio (DPR) is 63.87%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MFC shares. Scotiabank reiterated an "outperform" rating on shares of Manulife Financial in a report on Monday, February 3rd. Morgan Stanley set a $46.00 price objective on shares of Manulife Financial in a report on Monday, May 19th. Finally, Royal Bank of Canada boosted their price objective on shares of Manulife Financial from $49.00 to $51.00 and gave the stock an "outperform" rating in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $45.67.

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.