TD Waterhouse Canada Inc. Has $215.54 Million Holdings in Manulife Financial Co. (NYSE:MFC)

TD Waterhouse Canada Inc. reduced its position in shares of Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 0.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,031,982 shares of the financial services provider's stock after selling 53,231 shares during the period. Manulife Financial makes up about 1.7% of TD Waterhouse Canada Inc.'s investment portfolio, making the stock its 9th largest position. TD Waterhouse Canada Inc. owned approximately 0.41% of Manulife Financial worth $215,541,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teachers Retirement System of The State of Kentucky raised its stake in Manulife Financial by 37.9% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 621,660 shares of the financial services provider's stock valued at $19,091,000 after purchasing an additional 170,960 shares during the period. Transce3nd LLC acquired a new position in Manulife Financial in the fourth quarter worth approximately $42,000. Natixis raised its position in Manulife Financial by 25.7% during the fourth quarter. Natixis now owns 228,521 shares of the financial services provider's stock valued at $7,018,000 after acquiring an additional 46,775 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Manulife Financial by 3.6% in the 4th quarter. First Trust Advisors LP now owns 349,842 shares of the financial services provider's stock valued at $10,746,000 after purchasing an additional 12,256 shares during the last quarter. Finally, Commerce Bank raised its holdings in Manulife Financial by 17.6% during the fourth quarter. Commerce Bank now owns 16,106 shares of the financial services provider's stock valued at $495,000 after buying an additional 2,410 shares in the last quarter. 52.56% of the stock is currently owned by institutional investors.

Manulife Financial Stock Up 0.2 %

Manulife Financial stock traded up $0.05 on Friday, hitting $30.26. The company's stock had a trading volume of 1,078,617 shares, compared to its average volume of 2,235,779. The firm has a market cap of $52.00 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.89. The company has a fifty day moving average price of $29.72 and a 200-day moving average price of $30.41. Manulife Financial Co. has a one year low of $23.27 and a one year high of $33.07.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly earnings data on Wednesday, February 19th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Manulife Financial had a return on equity of 15.98% and a net margin of 10.08%. The company had revenue of $9.31 billion for the quarter. Analysts anticipate that Manulife Financial Co. will post 2.87 EPS for the current year.

Manulife Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Wednesday, March 5th were issued a $0.3094 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.09%. This is a boost from Manulife Financial's previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 5th. Manulife Financial's payout ratio is currently 58.45%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MFC. Royal Bank of Canada upped their target price on Manulife Financial from $49.00 to $51.00 and gave the stock an "outperform" rating in a research report on Friday, February 21st. Scotiabank restated an "outperform" rating on shares of Manulife Financial in a research note on Monday, February 3rd. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $45.50.

Manulife Financial 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.