Financial Archives - Page 71 of 121

April 11, 2022

Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Sun Life Financial Inc. (NYSE:SLF – Get Rating) (TSE:SLF) – Equities researchers at National Bank Financial increased their FY2023 EPS estimates for Sun Life Financial in a report issued on Thursday, April 7th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $5.70 per share for the year, up from their prior estimate of $5.63. National Bank Financial has a “Sector Perform” rating and a $77.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research reiterated a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. Scotiabank decreased their target price on shares of Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th. BMO Capital Markets decreased their target price on shares of Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Finally, StockNews.com began coverage on shares of Sun Life Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.55.

Shares of SLF opened at $54.94 on Monday. The firm’s 50 day moving average is $54.60 and its 200-day moving average is $55.05. The stock has a market capitalization of $32.20 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.22 and a beta of 1.05. Sun Life Financial has a 12-month low of $48.85 and a 12-month high of $58.49.

Sun Life Financial (NYSE:SLF – Get Rating) (TSE:SLF) last announced its quarterly earnings data on Wednesday, February 9th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.01). The business had revenue of $10.31 billion during the quarter. Sun Life Financial had a return on equity of 13.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 11.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the prior year, the company earned $1.13 earnings per share.

Several large investors have recently added to or reduced their stakes in the company. FIL Ltd raised its position in shares of Sun Life Financial by 12.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. FIL Ltd now owns 16,472,720 shares of the financial services provider’s stock valued at $847,955,000 after purchasing an additional 1,797,072 shares during the period. Mackenzie Financial Corp raised its position in shares of Sun Life Financial by 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Mackenzie Financial Corp now owns 16,421,252 shares of the financial services provider’s stock valued at $843,908,000 after purchasing an additional 954,491 shares during the period. CIBC Asset Management Inc raised its position in shares of Sun Life Financial by 3.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. CIBC Asset Management Inc now owns 7,654,688 shares of the financial services provider’s stock valued at $425,792,000 after purchasing an additional 290,601 shares during the period. 1832 Asset Management L.P. raised its position in shares of Sun Life Financial by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. 1832 Asset Management L.P. now owns 5,988,028 shares of the financial services provider’s stock valued at $333,201,000 after purchasing an additional 106,135 shares during the period. Finally, Norges Bank bought a new position in shares of Sun Life Financial in the fourth quarter valued at approximately $297,493,000. 47.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were given a $0.5191 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.78{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Sun Life Financial’s dividend payout ratio (DPR) is currently 39.02{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Sun Life Financial (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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April 11, 2022

FlipGive launches the only end-to-end fundraising and financial management platform, specifically designed for youth sports teams

TORONTO, April 11, 2022 /PRNewswire/ – FlipGive today announces the start of the top, all-in-a single system for workforce fundraising, budgeting and finances. This carries on the company’s mission to make sports activities extra inexpensive and accessible for youth throughout North The usa. Possessing recognized an equality hole in youth sports, FlipGive has tipped the money scale for more than 50,000 groups, making it possible for additional little ones to obtain the physical and psychological overall health positive aspects of athletics.

FlipGive started with the aim of cutting down the charge to enjoy for families. By browsing for every day objects with far more than 700 preferred models and suppliers, teams and their supporters receive cashback benefits that are used to cover fees which includes tournaments, player service fees, and gear. The system now also involves quick-to-use financial resources that aid fast paced staff administrators, mother and father and volunteers with funds organizing, payment assortment, tracking and transparency.

“We are thrilled to now offer you an finish-to-conclude resolution for groups, alleviating the massive burden on volunteers who, in addition to being busy moms and dads, have to regulate group funds,” stated Mark Bachman, CEO. “You are not able to set a cost tag on the profit of athletics and leisure actions in a kid’s life. We have constantly aimed to eliminate obstacles to accessing athletics by reducing the price tag associated with enjoying and by supporting group professionals save time, that need to contain handling staff funds.”

The FlipGive system has presently had a sizeable affect on hundreds of hundreds of families across North The us possessing lifted over US$25 million for youth sports teams. Momentum proceeds to create as FlipGive achieves record quarterly expansion, member engagement, and workforce fundraising milestones.

“Hundreds of kids every day are denied the ability to take part in competitive sports activities and functions,” explained Peter Misek, Founding Spouse at Framework Venture Partners. “FlipGive began by resolving the fundraising hole but recognized the friction for obtain doesn’t conclusion there. Mum or dad volunteers are pressured to use own bank accounts, funds and spreadsheets to organize and manage staff functions. These burdens have become mind-boggling. FlipGive now also gets rid of this stress and friction, and brings significantly-necessary simplicity to the lives of administrators and treasurers, while lessening the threat of issues, mismanagement and fraud.”

“FlipGive has reworked how our groups fundraise, system and keep track of our staff budgets,” claimed Stacy Carli, a multi-calendar year FlipGive user and treasurer at Durham Assault Volleyball Club. “FlipGive lets us use our standard paying to lower participant expenses and the group income resources assistance standardize the monetary procedures for our teams, creating it less complicated for me to aid our guardian representatives.”

Merchandise Attributes

FlipGive Shop

Simplify staff fundraising via each day investing
Receive cashback rewards on purchases at 700+ preferred makes and shops
Fund workforce and participant expenditures – lowering the expense to enjoy – through cashback earnings

FlipGive Spending budget

Streamline seasonal budgets and planning
Agenda reminders to collect participant costs and make reimbursements
Keep track of earnings and charges with ease
Assure transparency by way of effortless-to-use reporting options

FlipGive Banking*

Open a no-regular cost, safe, on the web group account, which involves a 1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} cashback debit card
Complete the account opening procedure on the web, without the need of environment foot in a financial institution branch
Centralize group banking* in one account, different from particular accounts

FlipGive Shop and Finances are out there now across Canada. The finish crew dollars platform, which includes FlipGive Banking,* is readily available in the U.S. and will be accessible in Canada later on this year.

*FlipGive is a money technology corporation and is not a bank. Banking expert services furnished by Blue Ridge Financial institution, N.A. Member FDIC. FlipGive Debit Card is issued by Blue Ridge Lender, N.A. pursuant to a license from Visa U.S.A. Inc. and can be made use of wherever Visa cards are accepted.

ABOUT FLIPGIVE

Established in 2016, FlipGive presents youth sporting activities teams absolutely free instruments to make and take care of income so they can perform much more and spend less. From preseason to postseason, groups store and receive cashback toward fees, deal with their banking and spending budget, accumulate price payments, and much more. Teams across North The usa have earned US $25M and counting. FlipGive is a licensed B-Company. For extra info, you should take a look at flipgive.com.

Supply FlipGive

April 10, 2022

Financial Markets Not Yet Ready for Bitcoin-Backed Bonds, Says MicroStrategy’s Michael Saylor

MicroStrategy CEO Michael Saylor says he experienced to borrow money from a financial institution to fund his firm’s newest Bitcoin acquire mainly because the fiscal marketplaces are not nonetheless all set to make investments in bonds backed by BTC.

In a press launch, business enterprise intelligence firm MicroStrategy reveals that it has taken out a $205 million mortgage to acquire much more Bitcoin.

Silvergate Bank issued the loan less than its Silvergate Trade Network (SEN) to MacroStrategy, a subsidiary of MicroStrategy. The desire-only term bank loan is secured by BTC held in MicroStrategy’s collateral account.

MicroStrategy chief government Michael Saylor claims the mortgage presents the firm an option to more its placement as “the top general public organization trader in Bitcoin.”

“Using the capital from the personal loan, we’ve correctly turned our Bitcoin into successful collateral, which lets us to further more execute in opposition to our business enterprise system.”

MicroStrategy owns just about $6 billion really worth of Bitcoin.

Saylor tells Bloomberg in a new interview that the business took out a mortgage due to the fact fiscal marketplaces are not completely ready to accept Bitcoin-backed bonds.

“I’d adore to see a working day in which individuals eventually sell Bitcoin-backed bonds like house loan-backed securities. The market is not really prepared for that right now. The next most effective plan was a term personal loan from a important bank.”

1 of the largest current proponents of Bitcoin bonds is the federal government of El Salvador, which declared strategies for a new futuristic “Bitcoin City” undertaking in November soon after creating BTC lawful tender two months previously.

To fund the town, the govt plans to difficulty BTC bonds, and it teamed up with Bitcoin development organization Blockstream to get ready them for buyers.

Nevertheless, the rollout of those bonds is reportedly facing legislative delays.

Bukele announced a collection of authorized reforms involving Bitcoin in late February, but community publication La Prensa Grafica reports that the country’s Congress has but to get the guidelines required to essentially carry out the bonds.

Saylor tells Bloomberg that the Central American country’s BTC bonds will have danger outside the house of Bitcoin.

“There’s a ton of chat about the El Salvador Bitcoin bond. That’s a hybrid sovereign personal debt instrument as opposed to a pure Bitcoin-treasury enjoy. That has its have credit history danger and has very little to do with the Bitcoin risk by itself solely.”

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April 10, 2022

Myers touts financial, management expertise in run for assessor | Thestar

AUBURN — Troy Myers believes he has the expertise and capabilities to be certain the assessor’s office environment has correct data to evaluate homes in DeKalb County.

Myers is looking for the Republican nomination for DeKalb County Assessor and is dealing with 4-time period incumbent Sheila Stonebraker in the most important election.

“There is a definite will need for much better, much more accurate facts in the assessor’s workplace,” Myers claimed in marketing campaign materials.

“This can decrease taxes, but we require the management to get that data. I believe that I have the expertise and techniques to accomplish that.”

Born and raised in DeKalb County, Myers graduated from DeKalb High Faculty and afterwards from Trine College. He has a bachelor’s degree in authorized studies and a insignificant in economics.

At this time he works as a substitute instructor in DeKalb County educational facilities and is the place of work manager for the bridal shop business enterprise of his mother, Necia Myers.

“I have more than 30 decades value of encounter in retail, retail management, finance, accounting,” Myers explained.

“With 30-furthermore many years of administration and financial expertise, I determined to move up and operate for the place of work of assessor as an alternative of sitting down back and complaining about the position quo.”

If elected Myers claimed, “I will work to help halt the point out government overreach by bringing our base price pricing back again to the county amount where by it belongs.”

“The difficulty is, in far too numerous of the counties, they are not carrying out boots-on-the ground assessments. I’m not guaranteed how this county’s accomplishing it, but I know that if I’m elected it will be back again to boots-on-the-ground,” Myers claimed.

“I will make guaranteed that each house in DeKalb County will be assessed in particular person to decrease the chance for problems,” he extra.

“If your assessment is incorrect for whichever explanation, that is going to influence your assets tax. My obligation to the office is to do my most effective to bring down as lots of of the residents’ house tax as feasible by creating guaranteed that issues are factually accomplished effectively.”

Myers reported that alongside with his administration and financial expertise, his people today capabilities, make him a great candidate for the office environment.

“I’ve often been fascinated in politics. I was out conversing to neighbors and close friends, talking about our assessments that had appear out and each and every man or woman experienced a story about ‘Well, this doesn’t look right’ and had queries about particular costs,” Myers stated.

“I consider that absolutely everyone in the county … I feel that they will need a voice and a location to voice, I guess, their considerations and not experience like they are being brushed off.”

Myers describes himself as a “people person” and someone who enjoys receiving out and conversing to men and women.

“I believe that that just one of the best characteristics that I have for this placement is that I do have that willingness to open up myself up, to have people today appear in and say, ‘Hey, I never recognize this,’ and to essentially sit down with them and go above, step by action, and to let them comprehend what’s heading on from my position of check out, to also have an understanding of what’s going on through their thoughts,” he explained.

Myers said he will be an formal who can take obligation for the steps of the business and will attempt to provide regard into and out of the place of work.

April 9, 2022April 30, 2022

Financial Analysts: Fundamentally Flawed | tastytrade

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April 8, 2022

CI Financial Plans IPO for U.S. Wealth Management Business

Canadian financial-companies organization

CI Monetary

has been snapping up U.S. investment advisory firms at a quickly clip due to the fact moving into the sector in 2020, earning it a person of the most aggressive acquirers in an market marked by frenzied M&A exercise.

Now, CI Monetary is tipping its hand as to where by its acquisition spree is primary: a U.S. IPO.

The Toronto-primarily based corporation unveiled designs April 7 to promote up to 20{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of its U.S. prosperity administration business enterprise through a U.S. preliminary public providing. CI Economic stated it would file paperwork with the Securities and Exchange Fee this yr.

The workplaces of CI Monetary

CI Fiscal

CI Economic claims it will remain the vast majority shareholder of the U.S. prosperity administration business enterprise and that it intends to use the net proceeds from the IPO to spend down credit card debt.

CEO Kurt MacAlpine tells Barron’s Advisor that the company’s present stock value does not reflect the underlying benefit of the organization, which has altered dramatically about the previous two several years. He notes how several acquisitions have built U.S. prosperity management a significant organization at the Canadian wealth and asset administration firm.

“You’d believe with that transformation, your combine of asset and prosperity management, you’d have a diverse share cost,” he claims.

The firm’s IPO plan will enable handle that disconnect and current a “clean” U.S. prosperity administration business for shareholders, he states. “There is a perception among the us and traders that our U.S. wealth business enterprise will trade far better than it will now.”

CI Money at the moment has a rate-to-earnings ratio of 9.5. U.S. wealth administration firms such as

LPL Financial

and

Raymond James Fiscal

have ratios of 32 and 15, respectively, although they have diverse business enterprise designs than CI Economic.

MacAlpine adds that CI Financial’s strategy to grow its wealth administration functions stays unchanged, and that a U.S. IPO could accelerate its aspiration to be the chief in the substantial-net-worth and ultrahigh-web-truly worth customer segment.

CI Financial, which is outlined on the Toronto Inventory Exchange under CIX and on the New York Inventory Trade under CIXX, also has asset management and wealth management businesses in Canada. The organization oversaw close to 370 billion Canadian bucks ($292 billion) in consumer assets as of Feb. 28, it claims.

As CI Monetary expanded its U.S. wealth management operations, its gross financial debt additional than doubled, soaring to about C$3.7 billion at the end of 2021 from C$1.6 billion in 2019, according to the firm’s fourth-quarter earnings report.

The organization noted C$124 million in internet cash flow for the fourth quarter, up 18{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} calendar year more than yr.

The company’s acquisitions of U.S. registered expense advisor corporations have ballooned its wealth administration business. CI Economic says that its U.S. wealth administration property will get to around $133 billion as soon as all superb acquisitions are done. MacAlpine explained in a statement that CI FInancial’s U.S. wealth business now has enough scale to stand on its have toes, and that “a U.S.-detailed subsidiary IPO is the very best route to shareholder value generation.”

The IPO strategies reflect a broader technique shift laid out in 2019, when CI Economical explained it intended to modernize its asset administration company mature its prosperity administration operations and expand internationally.

Past 12 months, CI Monetary introduced programs to open a U.S. headquarters in Miami. In an job interview with Barron’s Advisor previous calendar year, MacAlpine says Miami was its leading selection due to its acceptance withCanadian snowbirds, and the escalating number of monetary-services companies calling the metropolis residence.

The company’s obtaining spree carries on. In February, CI Money said it would purchase a California prosperity administration business with $5 billion in property.Acquisitions of registered financial investment advisor companies, or RIAs, have picked up in recent several years thanks to an influx of purchasers and personal-equity corporations, greater asset stages, and the craze of ageing infant boomer economic advisors searching for to provide their firms and retire. Past calendar year, the sector broke data for M&A bargains, with far more than 230 acquisitions, in accordance to consulting agency DeVoe & Organization. DeVoe does not observe acquisitions of firms with less than $100 million in property.

Publish to Andrew Welsch at andrew.welsch@barrons.com

The workplaces of CI Monetary

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