As Accenture Plc Ireland (ACN) Market Value Declined, Holder Mcrae Capital Management Cut Position by $356,400; Jones Collombin Investment Counsel Continues to Hold Stake in Manulife Finl (MFC)

January 17, 2018 - By Richard Conner

Jones Collombin Investment Counsel Inc increased its stake in Manulife Finl Corp (MFC) by 16.26% based on its latest 2017Q3 regulatory filing with the SEC. Jones Collombin Investment Counsel Inc bought 92,670 shares as the company’s stock declined 8.13% while stock markets rallied. The institutional investor held 662,709 shares of the life insurance company at the end of 2017Q3, valued at $13.45 million, up from 570,039 at the end of the previous reported quarter. Jones Collombin Investment Counsel Inc who had been investing in Manulife Finl Corp for a number of months, seems to be bullish on the $42.61 billion market cap company. The stock increased 0.23% or $0.05 during the last trading session, reaching $21.86. About 939,112 shares traded. Manulife Financial Corporation (NYSE:MFC) has risen 24.00% since January 17, 2017 and is uptrending. It has outperformed by 7.30% the S&P500.

Mcrae Capital Management Inc decreased its stake in Accenture Plc Ireland (ACN) by 4.12% based on its latest 2017Q3 regulatory filing with the SEC. Mcrae Capital Management Inc sold 2,640 shares as the company’s stock declined 0.21% while stock markets rallied. The institutional investor held 61,511 shares of the business services company at the end of 2017Q3, valued at $8.31 million, down from 64,151 at the end of the previous reported quarter. Mcrae Capital Management Inc who had been investing in Accenture Plc Ireland for a number of months, seems to be less bullish one the $98.65 billion market cap company. The stock increased 1.27% or $2.013 during the last trading session, reaching $159.973. About 392,147 shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since January 17, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Among 26 analysts covering Accenture Plc (NYSE:ACN), 14 have Buy rating, 1 Sell and 11 Hold. Therefore 54% are positive. Accenture Plc had 88 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Accenture plc (NYSE:ACN) earned “Outperform” rating by Cowen & Co on Friday, February 19. The rating was maintained by RBC Capital Markets on Friday, September 15 with “Buy”. The stock of Accenture plc (NYSE:ACN) earned “Buy” rating by Cantor Fitzgerald on Monday, May 29. The rating was maintained by RBC Capital Markets with “Buy” on Monday, August 14. BMO Capital Markets maintained Accenture plc (NYSE:ACN) on Friday, September 29 with “Market Perform” rating. On Friday, September 9 the stock rating was initiated by Wedbush with “Outperform”. Goldman Sachs maintained the shares of ACN in report on Friday, June 23 with “Sell” rating. The rating was maintained by RBC Capital Markets on Wednesday, July 12 with “Buy”. The rating was maintained by Stifel Nicolaus on Thursday, September 7 with “Buy”. The stock of Accenture plc (NYSE:ACN) earned “Hold” rating by SunTrust on Friday, September 29.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.05, from 1.05 in 2017Q2. It fall, as 40 investors sold ACN shares while 370 reduced holdings. 97 funds opened positions while 315 raised stakes. 461.53 million shares or 1.06% less from 466.45 million shares in 2017Q2 were reported. Sfmg Ltd Liability Corp owns 1,667 shares or 0.04% of their US portfolio. Fulton Breakefield Broenniman Ltd Limited Liability Company has 1.47% invested in Accenture plc (NYSE:ACN). Drexel Morgan And Com holds 3,310 shares. First Allied Advisory accumulated 0.03% or 5,379 shares. Bessemer Gru Inc holds 46,599 shares or 0.03% of its portfolio. 101,574 are owned by Clark Capital Group. Sheets Smith Wealth Management has invested 0.71% in Accenture plc (NYSE:ACN). State Of Tennessee Treasury Department owns 217,026 shares for 0.15% of their portfolio. The Illinois-based First American Commercial Bank has invested 0.59% in Accenture plc (NYSE:ACN). Numeric Invsts Lc holds 10,200 shares. Sandy Spring Fincl Bank holds 23,580 shares. Commonwealth Equity Services, Massachusetts-based fund reported 92,570 shares. Sunbelt Secs has 5,410 shares. St Germain D J Inc, Massachusetts-based fund reported 1,500 shares. Amica Pension Fund Board Of Trustees reported 25,601 shares.

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 10 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Thursday, October 5 with “Equal-Weight”. The stock of Manulife Financial Corporation (NYSE:MFC) earned “Buy” rating by TD Securities on Friday, August 7. The stock of Manulife Financial Corporation (NYSE:MFC) earned “Outperform” rating by RBC Capital Markets on Friday, November 13. The rating was initiated by Dundee Securities with “Buy” on Wednesday, September 21. Bank of America initiated the stock with “Buy” rating in Wednesday, August 24 report. The firm has “Outperform” rating given on Friday, August 7 by RBC Capital Markets. Morgan Stanley maintained Manulife Financial Corporation (NYSE:MFC) rating on Monday, November 13. Morgan Stanley has “Equal-Weight” rating and $28 target. The firm has “Sector Perform” rating by IBC given on Thursday, August 4.

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