Sun Life Financial predicts impact of U.S. tax changes

Galtero Lara
Enero 13, 2018

(SLF) by 1.55% based on its latest 2017Q3 regulatory filing with the SEC. 595,300 shares of the company were exchanged, compared to its average volume of 431,288. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.34.

Sun Life Financial says it will take a charge to reported net income of approximately $200 million related to USA tax reform when it reports fourth quarter results on February 14.

The stock increased 0.31% or $0.13 during the last trading session, reaching $41.53. About 479,350 shares traded or 30.14% up from the average. Hexavest Inc who had been investing in Sun Life Fncl Inc Co L for a number of months, seems to be less bullish one the $25.31B market cap company. (NYSE:PM) has risen 16.65% since January 12, 2017 and is uptrending. It has underperformed by 17.92% the S&P500. AGF Investments Inc. now owns 1,167,164 shares of the financial services provider's stock valued at $41,748,000 after purchasing an additional 3,235 shares during the last quarter.

Hexavest Inc, which manages about $16.29 billion and $8.16B US Long portfolio, upped its stake in Ppl Corp (NYSE:PPL) by 779,827 shares to 1.74 million shares, valued at $65.96M in 2017Q3, according to the filing. The stock decreased 0.95% or $0.31 during the last trading session, reaching $32.29. About 2.33 million shares traded. Integrated Device Technology, Inc. It has underperformed by 0.05% the S&P500. It also reduced its holding in Pioneer Natural Resources (NYSE:PXD) by 2,738 shares in the quarter, leaving it with 112,342 shares, and cut its stake in Powershares Qqq Trust Unit Ser (QQQ). Shares for $497,708 were sold by MONTANA MARIO on Thursday, August 10. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company was initiated on Wednesday, August 24 by Bank of America.

In a note issued on today, Liberum Capital restate their Buy rating on Bodycote PLC (LON:BOY)'s stock. The stock of Integrated Device Technology, Inc. The firm earned "Buy" rating on Thursday, September 1 by Canaccord Genuity. The firm has "Buy" rating given on Friday, February 3 by Deutsche Bank. The company was maintained on Sunday, July 30 by Roth Capital. The rating was maintained by J.P. Morgan with "Underweight" on Monday, January 4.

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Investors sentiment increased to 1.11 in Q3 2017. Its up 0.09, from 0.88 in 2017Q2. It improved, as 19 investors sold IDTI shares while 79 reduced holdings. 112 funds opened positions while 452 raised stakes. (NASDAQ:IDTI). Castleark Mngmt Limited Com holds 0.33% or 390,540 shares. (NASDAQ:IDTI). Sg Americas Ltd Co reported 0% in Integrated Device Technology, Inc. Bank Of Montreal Can has invested 0% in Integrated Device Technology, Inc. Shareholders of record on Wednesday, November 29th were paid a dividend of $0.3565 per share. State Street owns 4.80 million shares. Cortland Assocs Mo stated it has 0.59% of its portfolio in Philip Morris International Inc. Columbia Ptnrs L L C Invest Mgmt has invested 0.04% in Integrated Device Technology, Inc.

Analysts await Sun Life Financial Inc.

Want to see what other hedge funds are holding SLF? Therefore 45% are positive. Finally, BMO Capital Markets reiterated a "hold" rating and issued a $52.00 target price on shares of Sun Life Financial in a research note on Friday, November 24th. The stock has "Equal-Weight" rating by Morgan Stanley on Monday, November 13. The brokerage now has a $47.00 price objective on the financial services provider's stock. The stock has "Neutral" rating by Credit Suisse on Wednesday, May 10. Tower Research Capital LLC TRC lifted its position in shares of Sun Life Financial by 147.6% during the second quarter. (NYSE:SLF) rating on Monday, March 7. The company was upgraded on Wednesday, June 7 by RBC Capital Markets. Morgan Stanley maintained the shares of SLF in report on Thursday, October 5 with "Equal-Weight" rating. (NYSE:SLF) on Thursday, February 11 to "Sector Outperform" rating. Argus Research upgraded Sun Life Financial Inc. (NYSE:SLF) has declined 1.22% since January 12, 2017 and is downtrending. On Thursday, November 5 the stock rating was downgraded by Macquarie Research to "Neutral".

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