Sun Life Financial Inc (NYSE:SLF) is Beutel Goodman & Co Ltd.’s 9th Largest Position

Man Group plc increased its stake in Sun Life Financial by 262.6% in the third quarter. Man Group plc now owns 397,843 shares of the financial …

Sun Life Financial logoBeutel Goodman & Co Ltd. increased its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,832,665 shares of the financial services provider’s stock after acquiring an additional 1,236,389 shares during the period. Sun Life Financial comprises approximately 3.6% of Beutel Goodman & Co Ltd.’s portfolio, making the stock its 9th biggest holding. Beutel Goodman & Co Ltd. owned about 2.14% of Sun Life Financial worth $42,584,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Addenda Capital Inc. raised its position in shares of Sun Life Financial by 12.7% in the fourth quarter. Addenda Capital Inc. now owns 35,050 shares of the financial services provider’s stock worth $1,162,000 after buying an additional 3,950 shares in the last quarter. Man Group plc increased its stake in Sun Life Financial by 262.6% in the third quarter. Man Group plc now owns 397,843 shares of the financial services provider’s stock valued at $15,816,000 after acquiring an additional 288,134 shares during the last quarter. Jane Street Group LLC bought a new position in Sun Life Financial in the third quarter valued at $588,000. Dimensional Fund Advisors LP increased its stake in Sun Life Financial by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,588,515 shares of the financial services provider’s stock valued at $63,159,000 after acquiring an additional 8,066 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of Sun Life Financial by 1.4% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 46,665 shares of the financial services provider’s stock valued at $1,549,000 after buying an additional 647 shares during the last quarter. 41.07% of the stock is owned by institutional investors.

A number of brokerages have recently issued reports on SLF. Canaccord Genuity reaffirmed an “average” rating and set a $53.00 price objective on shares of Sun Life Financial in a research note on Friday, November 9th. Zacks Investment Research cut Sun Life Financial from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Scotiabank reaffirmed a “hold” rating and set a $54.00 price objective on shares of Sun Life Financial in a research note on Wednesday, February 20th. CIBC reiterated an “average” rating and set a $53.00 target price on shares of Sun Life Financial in a report on Thursday, December 20th. Finally, Argus upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a report on Monday, December 31st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $52.00.

Shares of SLF opened at $37.92 on Thursday. Sun Life Financial Inc has a one year low of $31.49 and a one year high of $43.99. The stock has a market capitalization of $22.81 billion, a price-to-earnings ratio of 10.11 and a beta of 0.86.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results on Wednesday, February 13th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.32. Sun Life Financial had a net margin of 9.71% and a return on equity of 13.83%. The firm had revenue of $8.18 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business earned $1.05 earnings per share. The business’s revenue was down 5.4% on a year-over-year basis. As a group, equities analysts anticipate that Sun Life Financial Inc will post 3.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a dividend of $0.381 per share. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.52 annualized dividend and a dividend yield of 4.02%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.38. Sun Life Financial’s dividend payout ratio (DPR) is 40.53%.

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About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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Sun Life Financial Inc (SLF) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 93.6% in the third quarter, according to its …

Sun Life Financial logoRenaissance Technologies LLC lowered its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 93.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,100 shares of the financial services provider’s stock after selling 134,000 shares during the period. Renaissance Technologies LLC’s holdings in Sun Life Financial were worth $362,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SLF. Comerica Bank raised its holdings in Sun Life Financial by 4.2% during the third quarter. Comerica Bank now owns 43,980 shares of the financial services provider’s stock valued at $1,648,000 after buying an additional 1,771 shares in the last quarter. Riverhead Capital Management LLC raised its holdings in Sun Life Financial by 55.6% during the third quarter. Riverhead Capital Management LLC now owns 5,600 shares of the financial services provider’s stock valued at $221,000 after buying an additional 2,000 shares in the last quarter. Raymond James & Associates raised its holdings in Sun Life Financial by 34.4% during the second quarter. Raymond James & Associates now owns 7,929 shares of the financial services provider’s stock valued at $319,000 after buying an additional 2,030 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Sun Life Financial by 2.0% during the third quarter. Wells Fargo & Company MN now owns 121,512 shares of the financial services provider’s stock valued at $4,831,000 after buying an additional 2,398 shares in the last quarter. Finally, TRUE Private Wealth Advisors bought a new position in Sun Life Financial during the third quarter valued at about $114,000. Institutional investors and hedge funds own 40.70% of the company’s stock.

SLF stock opened at $37.01 on Friday. Sun Life Financial Inc has a fifty-two week low of $31.49 and a fifty-two week high of $43.99. The company has a market capitalization of $22.15 billion, a P/E ratio of 9.87 and a beta of 0.86.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.32. Sun Life Financial had a net margin of 9.71% and a return on equity of 13.97%. The firm had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the company posted $1.05 EPS. Sun Life Financial’s revenue was down 5.4% on a year-over-year basis. On average, analysts expect that Sun Life Financial Inc will post 3.78 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a $0.381 dividend. This represents a $1.52 annualized dividend and a yield of 4.12%. The ex-dividend date is Thursday, February 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.38. Sun Life Financial’s payout ratio is 40.53%.

Several brokerages have recently issued reports on SLF. Zacks Investment Research reaffirmed a “hold” rating on shares of Sun Life Financial in a research report on Thursday, November 15th. Canaccord Genuity reaffirmed an “average” rating and set a $53.00 price objective on shares of Sun Life Financial in a report on Friday, November 9th. Barclays reaffirmed a “buy” rating on shares of Sun Life Financial in a report on Friday, November 9th. Scotiabank downgraded Sun Life Financial from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, February 6th. Finally, CIBC reiterated an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a research note on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $51.50.

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Sun Life Financial Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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Sun Life Finl (SLF) Stock Declined While Bridgewater Associates LP Has Boosted Its Holding …

Bridgewater Associates Lp increased its stake in Sun Life Finl Inc (SLF) by 16.11% based on its latest 2018Q3 regulatory filing with the SEC.

Visa Inc. (NYSE:V) Logo

Cantillon Capital Management Llc decreased its stake in Visa Inc (V) by 6.2% based on its latest 2018Q3 regulatory filing with the SEC. Cantillon Capital Management Llc sold 179,282 shares as the company’s stock declined 4.30% with the market. The hedge fund held 2.71M shares of the business services company at the end of 2018Q3, valued at $407.39 million, down from 2.89 million at the end of the previous reported quarter. Cantillon Capital Management Llc who had been investing in Visa Inc for a number of months, seems to be less bullish one the $308.42B market cap company. The stock increased 0.15% or $0.21 during the last trading session, reaching $140.38. About 5.95M shares traded. Visa Inc. (NYSE:V) has risen 23.77% since February 10, 2018 and is uptrending. It has outperformed by 23.77% the S&P500.

Bridgewater Associates Lp increased its stake in Sun Life Finl Inc (SLF) by 16.11% based on its latest 2018Q3 regulatory filing with the SEC. Bridgewater Associates Lp bought 42,285 shares as the company’s stock declined 12.11% with the market. The hedge fund held 304,805 shares of the life insurance company at the end of 2018Q3, valued at $12.11 million, up from 262,520 at the end of the previous reported quarter. Bridgewater Associates Lp who had been investing in Sun Life Finl Inc for a number of months, seems to be bullish on the $21.23B market cap company. The stock decreased 0.22% or $0.08 during the last trading session, reaching $35.68. About 461,919 shares traded. Sun Life Financial Inc. (NYSE:SLF) has declined 16.57% since February 10, 2018 and is downtrending. It has underperformed by 16.57% the S&P500. Some Historical SLF News: 25/04/2018 – Sun Life Plots Private Debt Growth Via Acquisition This Year; 19/03/2018 – SUN LIFE – SUN LIFE GLOBAL INVESTMENTS & EXCEL WILL CLOSE EXCEL GLOBAL BALANCED ASSET ALLOCATION ETF & EXCEL GLOBAL GROWTH ASSET ALLOCATION ETF; 02/05/2018 – PBOC END-APRIL OUTSTANDING SLF 39.1B YUAN; 19/04/2018 – Sun Life Building Makes History on Its 100th Anniversary Earning the First Ever BOMA BEST Platinum Certification for a; 02/04/2018 – China c.bank says it raised interest rates on SLF loans in March; 08/05/2018 – SUN LIFE FINANCIAL INC – QTRLY REPORTED EPS $1.09; 16/04/2018 – DEUTSCHE BANK’S DOIRE LEAVES TO JOIN SUN LIFE’S PRIME ADVISORS; 08/05/2018 – SUN LIFE FINANCIAL INC – QTRLY UNDERLYING EPS $1.26; 08/05/2018 – SUN LIFE FINANCIAL INC – QTRLY NET PREMIUMS $4,645 MLN VS $3,564 MLN; 09/03/2018 – Canada News Wire: Sun Life Global Investments and Excel announce additional changes as part of integration process

Since November 2, 2018, it had 0 insider purchases, and 4 selling transactions for $16.70 million activity. Sheedy William M. sold $13.88 million worth of stock.

More notable recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “It Looks Prudent To Hold Visa – Seeking Alpha” on January 18, 2019, also Investorplace.com with their article: “Visa Earnings: V Stock Surges on Q4 EPS Beat – Investorplace.com” published on January 30, 2019, Seekingalpha.com published: “Visa: A Decade Of Dominance – Seeking Alpha” on January 23, 2019. More interesting news about Visa Inc. (NYSE:V) were released by: Seekingalpha.com and their article: “Visa slips as concerns about Q2 trends emerge – Seeking Alpha” published on January 31, 2019 as well as Investorplace.com‘s news article titled: “5 Top Stock Trades for Friday: MSFT, FB, PYPL, V – Investorplace.com” with publication date: January 31, 2019.

Among 44 analysts covering Visa Inc. (NYSE:V), 35 have Buy rating, 0 Sell and 9 Hold. Therefore 80% are positive. Visa Inc. had 145 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, December 13. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, December 15 by Bank of America. Oppenheimer maintained the shares of V in report on Thursday, January 25 with “Outperform” rating. Oppenheimer maintained it with “Buy” rating and $125.0 target in Wednesday, October 25 report. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Jefferies on Friday, June 23. The stock of Visa Inc. (NYSE:V) has “Outperform” rating given on Friday, January 20 by Wedbush. The firm has “Buy” rating given on Friday, July 21 by UBS. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, June 8 by Keefe Bruyette & Woods. The rating was maintained by UBS on Tuesday, October 25 with “Buy”. The stock of Visa Inc. (NYSE:V) has “Outperform” rating given on Monday, October 1 by Wells Fargo.

Investors sentiment decreased to 0.97 in 2018 Q3. Its down 0.05, from 1.02 in 2018Q2. It dropped, as 33 investors sold V shares while 655 reduced holdings. 135 funds opened positions while 529 raised stakes. 1.54 billion shares or 0.85% less from 1.56 billion shares in 2018Q2 were reported. Moreover, Gw Henssler Limited has 1.76% invested in Visa Inc. (NYSE:V) for 128,929 shares. Vigilant Cap Ltd Llc accumulated 2,080 shares. Cannell Peter B Com Incorporated holds 26,251 shares. Stockbridge Partners Limited Com has 6.59% invested in Visa Inc. (NYSE:V). Proshare Advsrs Limited Liability has 0.56% invested in Visa Inc. (NYSE:V). Incline Mgmt Lc holds 3.39% or 315,862 shares in its portfolio. Southpoint Advisors LP reported 2.35% of its portfolio in Visa Inc. (NYSE:V). Brinker Cap Inc stated it has 124,835 shares or 0.68% of all its holdings. Joel Isaacson And Ltd Company has invested 0.08% in Visa Inc. (NYSE:V). Invest Mgmt Of Virginia Ltd Llc, a Virginia-based fund reported 23,912 shares. Kayne Anderson Rudnick invested 0.37% in Visa Inc. (NYSE:V). Bluecrest Cap Management stated it has 13,603 shares or 0.05% of all its holdings. Mutual Of America Capital Mgmt Ltd Liability Corporation holds 263,483 shares. 422,230 were accumulated by Huntington Retail Bank. Vantage Investment Llc owns 98,785 shares for 3.11% of their portfolio.

More notable recent Sun Life Financial Inc. (NYSE:SLF) news were published by: Streetinsider.com which released: “Sun Life Financial (SLF) Reports Acquisition of Majority Stake in Bentall GreenOak – StreetInsider.com” on December 19, 2018, also Fool.ca with their article: “Sun Life Financial Inc. or Toronto-Dominion Bank: Which Blue-Chip Stock Needs to Be in Your Portfolio? – The Motley Fool Canada” published on February 22, 2017, Fool.ca published: “Is Manulife Financial Corporation (TSX:MFC) or Sun Life Financial Inc. (TSX:SLF) a Top RRSP Pick? – The Motley Fool Canada” on June 27, 2018. More interesting news about Sun Life Financial Inc. (NYSE:SLF) were released by: Seekingalpha.com and their article: “Sun Life Financial, Inc. – Less Volatile Than Its Largest Canadian Counterpart – Seeking Alpha” published on June 20, 2017 as well as Fool.ca‘s news article titled: “A Closer Look at Great-West Lifeco Inc. and the Rest of Canada’s Life Insurance Industry – The Motley Fool Canada” with publication date: April 30, 2018.

Bridgewater Associates Lp, which manages about $9.65B US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 333,574 shares to 936,869 shares, valued at $31.46 million in 2018Q3, according to the filing. It also reduced its holding in Regency Ctrs Corp (NYSE:REG) by 4,746 shares in the quarter, leaving it with 4,230 shares, and cut its stake in Amazon Com Inc (NASDAQ:AMZN).

Among 12 analysts covering Sun Life Financial Inc. (NYSE:SLF), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Sun Life Financial Inc. had 27 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, December 23 the stock rating was upgraded by Argus Research to “Buy”. Argus Research downgraded the stock to “Hold” rating in Friday, December 23 report. The stock of Sun Life Financial Inc. (NYSE:SLF) earned “Neutral” rating by Macquarie Research on Thursday, November 5. The rating was initiated by Bank of America with “Underperform” on Wednesday, August 24. As per Thursday, February 11, the company rating was upgraded by IBC. RBC Capital Markets upgraded Sun Life Financial Inc. (NYSE:SLF) on Wednesday, June 7 to “Outperform” rating. Macquarie Research upgraded the shares of SLF in report on Thursday, September 10 to “Outperform” rating. Scotia Capital downgraded the shares of SLF in report on Wednesday, February 6 to “Sector Perform” rating. BMO Capital Markets upgraded the stock to “Buy” rating in Friday, February 16 report. The stock has “Hold” rating by Bank of America on Monday, July 10.

Visa Inc. (NYSE:V) Institutional Positions Chart

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As Nvidia (NVDA) Market Value Declined, Northeast Investment Management Upped Position by …

As Nvidia (NVDA) Market Value Declined, Northeast Investment Management Upped Position by $1.10 Million; Sun Life Finl (SLF) Holder Lincluden …

Sun Life Financial Inc. (NYSE:SLF) Logo

Lincluden Management Ltd decreased its stake in Sun Life Finl Inc. (SLF) by 31.05% based on its latest 2018Q3 regulatory filing with the SEC. Lincluden Management Ltd sold 371,170 shares as the company’s stock declined 12.11% with the market. The institutional investor held 824,052 shares of the life insurance company at the end of 2018Q3, valued at $32.32 million, down from 1.20 million at the end of the previous reported quarter. Lincluden Management Ltd who had been investing in Sun Life Finl Inc. for a number of months, seems to be less bullish one the $21.68 billion market cap company. The stock increased 0.87% or $0.31 during the last trading session, reaching $35.93. About 414,202 shares traded. Sun Life Financial Inc. (NYSE:SLF) has declined 16.57% since January 26, 2018 and is downtrending. It has underperformed by 16.57% the S&P500. Some Historical SLF News: 08/05/2018 – Sun Life Raises Dividend to $0.475 Vs. $0.455; 08/05/2018 – Sun Life 1Q Net C$693M; 16/04/2018 – SUN LIFE SAYS DOIRE WILL BE PRESIDENT OF PRIME ADVISORS; 02/04/2018 – CHINA C.BANK: LENT 21.72 BLN YUAN FOR 7-DAY PERIOD VIA SLF IN MARCH; 03/04/2018 – Sun Life Financial strengthens its Asia high net worth insurance business; 08/05/2018 – Sun Life 1Q EPS C$1.09; 09/05/2018 – Sun Life Fincl Announces Election of Directors; 02/04/2018 – PBOC SAYS OVERNIGHT SLF OFFERED AT 3.4%; 08/05/2018 – SUN LIFE FINANCIAL INC – QTRLY NET PREMIUMS $4,645 MLN VS $3,564 MLN; 19/04/2018 – Sun Life Building Makes History on Its 100th Anniversary Earning the First Ever BOMA BEST Platinum Certification for a Centennial Building in North America

Northeast Investment Management increased its stake in Nvidia Corp (NVDA) by 6.44% based on its latest 2018Q3 regulatory filing with the SEC. Northeast Investment Management bought 3,908 shares as the company’s stock declined 44.72% with the market. The institutional investor held 64,583 shares of the semiconductors company at the end of 2018Q3, valued at $18.15M, up from 60,675 at the end of the previous reported quarter. Northeast Investment Management who had been investing in Nvidia Corp for a number of months, seems to be bullish on the $97.69 billion market cap company. The stock increased 1.46% or $2.31 during the last trading session, reaching $160.15. About 28.88M shares traded or 66.65% up from the average. NVIDIA Corporation (NASDAQ:NVDA) has declined 20.90% since January 26, 2018 and is downtrending. It has underperformed by 20.90% the S&P500. Some Historical NVDA News: 25/04/2018 – Several companies, from chipmaker Nvidia to toymaker Hasbro, are reporting the impact of a shortage of truck drivers on their businesses; 27/03/2018 – Nvidia Halts Test of Self-Driving Tech Following Uber Crash; 27/03/2018 – NVIDIA CEO SAYS INVESTMENT IN SELF-DRIVING TECHNOLOGY WILL RISE, NOT FALL, IN AFTERMATH OF UBER FATALITY; 27/03/2018 – NVIDIA Boosts World’s Leading Deep Learning Computing Platform, Bringing 10x Performance Gain in Six Months; 27/03/2018 – Outscale, First French Cloud Provider, gets the Preferred Partner Status in NVIDIA Partner Network; 29/03/2018 – MFS Technology Adds Nvidia, Exits American Tower; 27/03/2018 – Nvidia Covers Both Ends of AI Spectrum — Market Talk:10; 12/03/2018 – Nvidia’s top salesperson in 2018 may be none other than Steven Spielberg; 23/05/2018 – GameFace Labs Now Taking Pre-Orders for Android-based VR Headset Powered by NVIDIA Jetson TX2; 28/03/2018 – Adobe and NVIDIA Announce Partnership to Deliver New Al Services for Creativity and Digital Experiences

Lincluden Management Ltd, which manages about $1.20 billion US Long portfolio, upped its stake in Vodafone Group Plc by 161,370 shares to 252,108 shares, valued at $5.47M in 2018Q3, according to the filing. It also increased its holding in Bank Nova Scotia Halifax (NYSE:BNS) by 138,160 shares in the quarter, for a total of 1.35M shares, and has risen its stake in Crescent Point Energy Corp. (NYSE:CPG).

More notable recent Sun Life Financial Inc. (NYSE:SLF) news were published by: Seekingalpha.com which released: “Sun Life Financial, Inc. (SLF) CEO Dean Connor on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on November 08, 2018, also Fool.ca with their article: “RRSP Investors: 3 Top Stocks to Start a Balanced Retirement Portfolio – The Motley Fool Canada” published on December 31, 2018, Seekingalpha.com published: “Sun Life Financial, Inc. 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” on November 08, 2018. More interesting news about Sun Life Financial Inc. (NYSE:SLF) were released by: Fool.com and their article: “3 Dividend Stocks That Pay You More Than Pepsi Does – The Motley Fool” published on January 14, 2019 as well as Fool.ca‘s news article titled: “3 Stocks That Will Suffer if the Canada-China Spat Worsens – The Motley Fool Canada” with publication date: January 17, 2019.

Among 12 analysts covering Sun Life Financial Inc. (NYSE:SLF), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Sun Life Financial Inc. had 26 analyst reports since August 6, 2015 according to SRatingsIntel. On Friday, February 16 the stock rating was upgraded by BMO Capital Markets to “Buy”. The stock has “Outperform” rating by Macquarie Research on Thursday, September 10. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 6. The rating was upgraded by RBC Capital Markets to “Outperform” on Wednesday, June 7. The stock of Sun Life Financial Inc. (NYSE:SLF) has “Hold” rating given on Monday, July 10 by Bank of America. Morgan Stanley maintained it with “Equal-Weight” rating and $54 target in Monday, November 13 report. On Friday, February 17 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The firm has “Neutral” rating by Credit Suisse given on Wednesday, May 10. As per Monday, September 21, the company rating was upgraded by Bank of America. The company was downgraded on Thursday, November 5 by Macquarie Research.

Analysts await Sun Life Financial Inc. (NYSE:SLF) to report earnings on February, 13. They expect $0.90 earnings per share, up 8.43% or $0.07 from last year’s $0.83 per share. SLF’s profit will be $543.11 million for 9.98 P/E if the $0.90 EPS becomes a reality. After $0.92 actual earnings per share reported by Sun Life Financial Inc. for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.

Among 49 analysts covering Nvidia Corporation (NASDAQ:NVDA), 34 have Buy rating, 3 Sell and 12 Hold. Therefore 69% are positive. Nvidia Corporation had 232 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, November 6 by Roth Capital. As per Friday, January 5, the company rating was maintained by Goldman Sachs. BMO Capital Markets maintained the stock with “Hold” rating in Friday, February 9 report. The firm earned “Buy” rating on Monday, April 4 by Jefferies. The stock of NVIDIA Corporation (NASDAQ:NVDA) earned “Buy” rating by SunTrust on Monday, October 2. On Tuesday, December 13 the stock rating was initiated by Loop Capital with “Buy”. The company was maintained on Wednesday, August 23 by Tigress Financial. Needham maintained the stock with “Buy” rating in Monday, July 10 report. UBS maintained NVIDIA Corporation (NASDAQ:NVDA) rating on Thursday, June 8. UBS has “Buy” rating and $16800 target. Jefferies maintained it with “Buy” rating and $73 target in Friday, August 12 report.

Since September 4, 2018, it had 0 insider purchases, and 6 sales for $33.34 million activity. Another trade for 43 shares valued at $12,046 was sold by Byron Michael. Another trade for 889 shares valued at $131,496 was sold by Kress Colette. The insider Shoquist Debora sold 6,345 shares worth $858,685.

More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Globenewswire.com which released: “Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of YRCW, XRAY, NVDA and AGN – GlobeNewswire” on January 25, 2019, also Investorplace.com with their article: “Should You Join Advanced Micro Devices Stock as Part of the NASDAQ-100? – Investorplace.com” published on December 28, 2018, Benzinga.com published: “Credit Suisse Sounds Alarm On Risks To Nvidia (NASDAQ:NVDA) Estimates – Benzinga” on January 08, 2019. More interesting news about NVIDIA Corporation (NASDAQ:NVDA) were released by: Nasdaq.com and their article: “Why Investors Should Love NVIDIA’s Latest Announcement – Nasdaq” published on January 07, 2019 as well as Nasdaq.com‘s news article titled: “Technical View of Markets & Today’s Trending Tickers: AMD, NVDA – Nasdaq” with publication date: January 08, 2019.

NVIDIA Corporation (NASDAQ:NVDA) Institutional Positions Chart

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3 Stocks That Will Suffer if the Canada-China Spat Worsens

Bridgewater Associates founder Ray Dalio said in 2017 that political shifts would shake markets in the coming years. That prediction has proven …

In August 2018, I’d discussed how the spat between Canada and Saudi Arabia proved that politics would play a larger role for investors. Bridgewater Associates founder Ray Dalio said in 2017 that political shifts would shake markets in the coming years. That prediction has proven accurate as we sit in early 2019.

Recent tensions between Canada and China threaten to throw a close economic relationship into turmoil. The arrest of Huawei executive Meng Wanzhou by Canadian authorities in December cooled relations between the two countries. China has responded by detaining Canadian ex-diplomat Michael Kovrig. Chinese courts also held a one-day retrial for Canadian Robert Schellenberg on drug charges in which they changed his sentence from 15 years to death.

China has demonstrated that it is more than willing to throw its weight around in this geopolitical struggle. It has also threatened boycotts of Canadian goods, which could throw the growth strategies of top Canadian companies into flux.

Canada Goose(TSX:GOOS)(NYSE:GOOS) stock has dropped 9.2% over a three-month span as of early afternoon trading on January 17. The company’s growth strategy heading into the next decade is largely dependent on its expansion in China. Canada Goose sees 10% of its international business stem from activity in China.

In late December, Canada Goose opened its new outdoor wear store in downtown Beijing. Reuters reported large crowds at the retail outlet, despite sub-freezing temperatures and poor relations between the two nations. Canada Goose has been mum on Chinese social media while moving forward on the opening.

Chinese consumers account for more than 35% of luxury spending worldwide, and this number is expected to grow in the next decade. Canada Goose is well positioned to take advantage of this influential consumer base, but its lucrative brand will be at risk in mainland China if relations do not improve going forward.

Manulife Financial(TSX:MFC)(NYSE:MFC) and Sun Life Financial(TSX:SLF)(NYSE:SLF) have been the beneficiaries of a burgeoning middle class in China. Both stocks have started off well in 2019. Manulife and Sun Life are not at risk of brand contamination like Canada Goose, but a rocky relationship between Canada and China has the potential to threaten financial ties.

More alarming is the impact rising trade tensions will have on global growth. In this instance, the ongoing dispute between the United States and China is the more pressing concern. Manulife and Sun Life have reaped the rewards of a growing middle class in China. In January, 12 of China’s 31 province-level divisions had downgraded their growth targets for 2019. The most populous province, Henan, has downgraded its target from 7.5% to 6.5% this year. The Beijing region has also downgraded its growth target to 6% from 6.5%.

Manulife was able to rely on strong growth in its Asia business in Q3 2018, but Sun Life saw a 24% year-over-year dip in reported net income. This was due to unfavourable market conditions, which will likely spill into Q4 and 2019.

Investor should not expect Canada-China relations to warm any time soon. Canada is locked in with its ally the United States in what could be a prolonged trade war with China that will extend into the next decade.

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