Ausdal Financial Partners Inc. Holds Position in Sun Life Financial Inc. (SLF)
Ausdal Financial Partners Inc. maintained its stake in shares of Sun Life Financial Inc. (NYSE:SLF) during the second quarter, Holdings Channel reports. The institutional investor owned 8,963 shares of the company’s stock at the end of the second quarter. Ausdal Financial Partners Inc.’s holdings in Sun Life Financial were worth $294,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the stock. Americafirst Capital Management LLC bought a new stake in Sun Life Financial during the second quarter worth about $110,000. Cribstone Capital Management LLC bought a new stake in Sun Life Financial during the second quarter worth about $147,000. Advisory Services Network LLC increased its stake in Sun Life Financial by 0.8% in the second quarter. Advisory Services Network LLC now owns 4,951 shares of the company’s stock worth $163,000 after buying an additional 39 shares in the last quarter. Pennsylvania Trust Co increased its stake in Sun Life Financial by 4.4% in the second quarter. Pennsylvania Trust Co now owns 7,983 shares of the company’s stock worth $262,000 after buying an additional 333 shares in the last quarter. Finally, FirstMerit Bank N A Trustee increased its stake in Sun Life Financial by 0.4% in the second quarter. FirstMerit Bank N A Trustee now owns 8,095 shares of the company’s stock worth $266,000 after buying an additional 30 shares in the last quarter. Institutional investors own 42.95% of the company’s stock.
Shares of Sun Life Financial Inc. (NYSE:SLF) traded down 0.12% during midday trading on Monday, hitting $33.05. The company had a trading volume of 244,538 shares. Sun Life Financial Inc. has a 12-month low of $25.31 and a 12-month high of $35.46. The company’s 50-day moving average price is $32.04 and its 200 day moving average price is $32.81. The company has a market capitalization of $20.25 billion, a price-to-earnings ratio of 13.19 and a beta of 1.09.
Sun Life Financial (NYSE:SLF) last posted its earnings results on Wednesday, August 10th. The company reported $0.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.20. Sun Life Financial had a net margin of 7.47% and a return on equity of 11.88%. The firm had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter last year, the firm earned $1.00 EPS. Equities research analysts predict that Sun Life Financial Inc. will post $2.82 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were given a dividend of $0.3074 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.23 annualized dividend and a dividend yield of 3.72%. Sun Life Financial’s dividend payout ratio is currently 49.80%.
A number of brokerages have weighed in on SLF. Zacks Investment Research raised Sun Life Financial from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Monday, July 18th. Argus reissued a “buy” rating and set a $37.00 price target on shares of Sun Life Financial in a research report on Friday, September 30th. Bank of America Corp. began coverage on Sun Life Financial in a research report on Wednesday, August 24th. They set an “underperform” rating on the stock. Morgan Stanley reissued a “hold” rating on shares of Sun Life Financial in a research report on Sunday, August 14th. Finally, Scotiabank reissued an “outperform” rating and set a $46.00 price target (down previously from $48.00) on shares of Sun Life Financial in a research report on Saturday, August 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $44.18.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.
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