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Amp Capital Investors LTD Boosted Rogers Communications (RCI) Position by $525,861; Beutel Goodman & Co LTD Decreased Manulife Fincl (MFC) Holding as Valuation Declined

Manulife Financial Corporation (NYSE:MFC) Logo

Beutel Goodman & Co Ltd decreased its stake in Manulife Fincl Corp (MFC) by 0.69% based on its latest 2017Q4 regulatory filing with the SEC. Beutel Goodman & Co Ltd sold 54,160 shares as the company’s stock declined 12.62% with the market. The institutional investor held 7.74M shares of the life insurance company at the end of 2017Q4, valued at $162.11M, down from 7.79M at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Manulife Fincl Corp for a number of months, seems to be less bullish one the $35.90B market cap company. The stock increased 0.27% or $0.05 during the last trading session, reaching $18.82. About 1.96 million shares traded. Manulife Financial Corporation (NYSE:MFC) has risen 4.92% since April 23, 2017 and is uptrending. It has underperformed by 6.63% the S&P500.

Amp Capital Investors Ltd increased its stake in Rogers Communications Inc (RCI) by 7.1% based on its latest 2017Q4 regulatory filing with the SEC. Amp Capital Investors Ltd bought 10,311 shares as the company’s stock declined 12.83% with the market. The institutional investor held 155,630 shares of the consumer services company at the end of 2017Q4, valued at $7.96 million, up from 145,319 at the end of the previous reported quarter. Amp Capital Investors Ltd who had been investing in Rogers Communications Inc for a number of months, seems to be bullish on the $24.11 billion market cap company. The stock increased 5.11% or $2.34 during the last trading session, reaching $48.11. About 952,300 shares traded or 139.73% up from the average. Rogers Communications Inc. (NYSE:RCI) has risen 1.45% since April 23, 2017 and is uptrending. It has underperformed by 10.10% the S&P500.

Beutel Goodman & Co Ltd, which manages about $36.47B and $13.89B US Long portfolio, upped its stake in Lyondellbasell Indus (NYSE:LYB) by 32,449 shares to 1.66M shares, valued at $146.22M in 2017Q4, according to the filing. It also increased its holding in Verizon Communicatio (NYSE:VZ) by 348,651 shares in the quarter, for a total of 5.89M shares, and has risen its stake in Amerisource (NYSE:ABC).

Among 6 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Manulife Financial Corp. had 12 analyst reports since July 29, 2015 according to SRatingsIntel. TD Securities maintained Manulife Financial Corporation (NYSE:MFC) rating on Friday, August 7. TD Securities has “Buy” rating and $27 target. As per Friday, November 13, the company rating was maintained by RBC Capital Markets. The rating was downgraded by IBC on Thursday, August 4 to “Sector Perform”. RBC Capital Markets maintained it with “Outperform” rating and $26 target in Friday, August 7 report. Morgan Stanley maintained the shares of MFC in report on Thursday, April 5 with “Equal-Weight” rating. The firm has “Buy” rating by Bank of America given on Wednesday, August 24. Morgan Stanley maintained it with “Equal-Weight” rating and $28 target in Monday, November 13 report. Dundee Securities initiated the stock with “Buy” rating in Wednesday, September 21 report. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, October 5. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, February 22.

Analysts await Manulife Financial Corporation (NYSE:MFC) to report earnings on May, 2 after the close. They expect $0.49 EPS, up 19.51% or $0.08 from last year’s $0.41 per share. MFC’s profit will be $934.65 million for 9.60 P/E if the $0.49 EPS becomes a reality. After $0.46 actual EPS reported by Manulife Financial Corporation for the previous quarter, Wall Street now forecasts 6.52% EPS growth.

Investors sentiment decreased to 0.96 in 2017 Q4. Its down 0.06, from 1.02 in 2017Q3. It worsened, as 17 investors sold RCI shares while 85 reduced holdings. 28 funds opened positions while 70 raised stakes. 236.19 million shares or 0.08% more from 235.99 million shares in 2017Q3 were reported. Old Mutual Customised Solutions (Proprietary) Limited reported 0.13% of its portfolio in Rogers Communications Inc. (NYSE:RCI). Monarch Capital Management holds 0.4% or 20,925 shares in its portfolio. Amf Pensionsforsakring holds 400,954 shares or 0.2% of its portfolio. Commerzbank Aktiengesellschaft Fi holds 180,882 shares. Moreover, Susquehanna Intll Group Inc Ltd Liability Partnership has 0% invested in Rogers Communications Inc. (NYSE:RCI) for 25,200 shares. Ontario Teachers Pension Plan Board owns 0.09% invested in Rogers Communications Inc. (NYSE:RCI) for 139,528 shares. Cibc Asset Mngmt invested 1.19% of its portfolio in Rogers Communications Inc. (NYSE:RCI). 143,741 were reported by Parametric Port Limited Liability. Intact Investment Management Incorporated has 1.87% invested in Rogers Communications Inc. (NYSE:RCI) for 728,130 shares. Wells Fargo Mn stated it has 0% in Rogers Communications Inc. (NYSE:RCI). The Alabama-based Kistler has invested 0.01% in Rogers Communications Inc. (NYSE:RCI). Cambridge Investment Rech Advisors holds 0.04% or 59,641 shares. Bank Of Nova Scotia Tru Com holds 1.83% or 332,363 shares. Quantbot Technologies Lp accumulated 11,223 shares. 1832 Asset Management Lp reported 1.44% stake.

Among 9 analysts covering Rogers Comms (NYSE:RCI), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Rogers Comms had 15 analyst reports since October 9, 2015 according to SRatingsIntel. Goldman Sachs initiated the stock with “Neutral” rating in Friday, December 4 report. As per Friday, October 9, the company rating was upgraded by IBC. As per Friday, December 11, the company rating was upgraded by TD Securities. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, January 9. As per Friday, October 14, the company rating was maintained by Barclays Capital. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, December 17. The stock has “Sector Perform” rating by IBC on Wednesday, April 5. The stock has “Outperform” rating by Macquarie Research on Tuesday, October 20. On Monday, January 8 the stock rating was upgraded by Desjardins Securities to “Buy”.

Manulife Financial Corporation (NYSE:MFC) Ratings Chart

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