Wall Street Access Asset Management buys $2,210,271 stake in Manulife Financial Corporation (USA) (MFC)

Manulife Financial Corporation (USA) (MFC) : Wall Street Access Asset Management scooped up 3,750 additional shares in Manulife Financial Corporation (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 160,747 shares of Manulife Financial Corporation (USA) which is valued at $2,210,271.Manulife Financial Corporation (USA) makes up approximately 1.29% of Wall Street Access Asset Management’s portfolio.

Other Hedge Funds, Including , Reilly Financial Advisors added MFC to its portfolio by purchasing 145 company shares during the most recent quarter which is valued at $1,994.Capstone Asset Management Co reduced its stake in MFC by selling 105,991 shares or 19.45% in the most recent quarter. The Hedge Fund company now holds 438,955 shares of MFC which is valued at $5,917,113. Manulife Financial Corporation (USA) makes up approx 0.17% of Capstone Asset Management Co’s portfolio.

Manulife Financial Corporation (USA) opened for trading at $13.13 and hit $13.2691 on the upside on Monday, eventually ending the session at $13.23, with a gain of 1.22% or 0.16 points. The heightened volatility saw the trading volume jump to 20,76,301 shares. Company has a market cap of $26,094 M.

On the company’s financial health, Manulife Financial Corporation (USA) reported $0.40 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.45.Analysts expectations of $ 12930.07.During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on Manulife Financial Corporation (USA). Manulife Financial Corporation (USA) was Downgraded by Macquarie to ” Neutral” on Aug 4, 2016. Manulife Financial Corporation (USA) was Downgraded by CIBC to ” Sector Perform” on Aug 4, 2016.

Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia Canadian and U.S. Divisions and the Corporate and Other segment. Its Asia Canadian and U.S. Divisions segment offers protection and wealth management services such as life insurance and individual group long-term care insurance annuities pension contracts and mutual fund products and services retirement products and deposit and credit products to Canadian customers among others. The Company’s Corporate and Other segment consists of investment performance on assets backing capital net of amounts allocated to operating division and financing costs external asset management business and property and casualty (P&C) reinsurance business among others.

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