Golden State Wealth Management LLC Invests $35,000 in Manulife Financial Co. (NYSE:MFC)

Golden State Wealth Management LLC acquired a new stake in shares of Manulife Financial Co. (NYSE:MFC) (TSE:MFC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,137 shares of the financial services provider’s stock, valued at approximately $35,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI lifted its holdings in shares of Manulife Financial by 13.5% during the 3rd quarter. National Bank of Canada FI now owns 28,063,936 shares of the financial services provider’s stock valued at $829,374,000 after buying an additional 3,329,892 shares during the period. Geode Capital Management LLC lifted its holdings in Manulife Financial by 8.1% in the third quarter. Geode Capital Management LLC now owns 8,273,260 shares of the financial services provider’s stock valued at $247,473,000 after acquiring an additional 616,517 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Manulife Financial by 3.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 5,186,930 shares of the financial services provider’s stock worth $153,455,000 after purchasing an additional 158,216 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Manulife Financial by 1.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,035,663 shares of the financial services provider’s stock valued at $60,202,000 after purchasing an additional 36,838 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Manulife Financial by 16.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,988,200 shares of the financial services provider’s stock valued at $61,426,000 after purchasing an additional 279,418 shares during the last quarter. Hedge funds and other institutional investors own 52.56% of the company’s stock.

Manulife Financial Trading Down 0.8 %

MFC opened at $29.63 on Wednesday. Manulife Financial Co. has a 12-month low of $21.95 and a 12-month high of $33.07. The company has a market cap of $51.05 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 1.04 and a beta of 1.09. The company’s 50 day moving average is $30.64 and its 200 day moving average is $29.53.

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.