Gluskin Sheff & Assoc Holding in Sun Life Finl (SLF) Has Cut by $8.25 Million as Market Value Declined; Riverpoint Capital Management Lifted 3M Co (MMM) Position by $1.04 Million as Market Value Declined

Sun Life Financial Inc. (NYSE:SLF) Logo

Gluskin Sheff & Assoc Inc decreased its stake in Sun Life Finl Inc (SLF) by 12.4% based on its latest 2018Q3 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc sold 211,522 shares as the company’s stock declined 12.11% with the market. The institutional investor held 1.49M shares of the life insurance company at the end of 2018Q3, valued at $59.42 million, down from 1.71 million at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Sun Life Finl Inc for a number of months, seems to be less bullish one the $23.17B market cap company. The stock increased 1.22% or $0.47 during the last trading session, reaching $38.88. About 744,214 shares traded or 42.60% up from the average. Sun Life Financial Inc. (NYSE:SLF) has declined 16.57% since February 28, 2018 and is downtrending. It has underperformed by 16.57% the S&P500. Some Historical SLF News: 16/04/2018 – DEUTSCHE BANK’S DOIRE LEAVES TO JOIN SUN LIFE’S PRIME ADVISORS; 08/03/2018 – FITCH AFFIRMS SUN LIFE FINANCIAL’S RATINGS; OUTLOOK POSITIVE; 08/05/2018 – Sun Life quarterly net income rises on lower U.S. tax rate; 08/05/2018 – Sun Life Fincl 1Q Rev C$6B; 08/05/2018 – SUN LIFE FINANCIAL INC – QTRLY REPORTED EPS $1.09; 08/05/2018 – Sun Life 1Q Net C$693M; 22/03/2018 – China c.bank raises interest rate on SLF loans; 08/05/2018 – Sun Life Raises Dividend to $0.475 Vs. $0.455; 02/04/2018 – PBOC SAYS 1-MONTH SLF OFFERED AT 3.9%; 10/04/2018 – Sun Life Financial Volume Jumps More Than Six Times Average

Riverpoint Capital Management Llc increased its stake in 3M Co (MMM) by 3.63% based on its latest 2018Q3 regulatory filing with the SEC. Riverpoint Capital Management Llc bought 4,949 shares as the company’s stock declined 6.86% with the market. The institutional investor held 141,334 shares of the medical and dental instruments company at the end of 2018Q3, valued at $29.78 million, up from 136,385 at the end of the previous reported quarter. Riverpoint Capital Management Llc who had been investing in 3M Co for a number of months, seems to be bullish on the $120.36B market cap company. The stock decreased 0.17% or $0.35 during the last trading session, reaching $209.03. About 1.54 million shares traded. 3M Company (NYSE:MMM) has declined 17.47% since February 28, 2018 and is downtrending. It has underperformed by 17.47% the S&P500. Some Historical MMM News: 13/03/2018 – SPAIN 3M BILLS BID-TO-COVER 5.59 VS 6.15 AT FEB. 20 AUCTION; 26/03/2018 – 3m company | 3m attest super rapid readout biological | K173437 | 03/19/2018 |; 25/04/2018 – New Zealand 3M Interbank Yield at 2.00% by End-2Q18 (Survey); 23/04/2018 – Orthodontic Supplies Market to Hit 8.9% CAGR to 2023, Led by Align Technology, Inc. (US), 3M Company (US), and Danaher Corporation (US); 24/04/2018 – 3M Narrows 2018 View To Adj EPS $10.20-Adj EPS $10.55; 21/05/2018 – 3M SEES SOLID ECONOMY TO AID COMPANY: COO MIKE ROMAN; 16/03/2018 – Canada 3M Bill Yield at 1.45% by End-2Q (Survey); 11/04/2018 – The Sky’s the Limit in 3M Disruptive Design Challenge; 09/05/2018 – 3M CO – STOCKHOLDERS DID NOT APPROVE STOCKHOLDER PROPOSAL ON SETTING TARGET AMOUNTS FOR CEO COMPENSATION – SEC FILING; 24/04/2018 – 3M CO MMM.N FY2018 SHR VIEW $10.53 — THOMSON REUTERS l/B/E/S

More notable recent 3M Company (NYSE:MMM) news were published by: Seekingalpha.com which released: “3M Company 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on January 29, 2019, also Streetinsider.com with their article: “3M Co. (MMM) Reports Settlement of Patent Infringement Lawsuit with Elo Touch Solutions Inc. – StreetInsider.com” published on January 31, 2019, Seekingalpha.com published: “Reputation Alone Won’t Do It For 3M – Seeking Alpha” on January 31, 2019. More interesting news about 3M Company (NYSE:MMM) were released by: Investorplace.com and their article: “5 Industrial Stocks to Buy – Investorplace.com” published on January 30, 2019 as well as Globenewswire.com‘s news article titled: “New Research: Key Drivers of Growth for PayPal, Twilio, TransUnion, Wynn Resorts, The Progressive, and 3M — Factors of Influence, Major Initiatives and Sustained Production – GlobeNewswire” with publication date: February 27, 2019.

Investors sentiment increased to 1.03 in 2018 Q3. Its up 0.06, from 0.97 in 2018Q2. It is positive, as 47 investors sold MMM shares while 535 reduced holdings. 117 funds opened positions while 480 raised stakes. 371.40 million shares or 0.76% less from 374.25 million shares in 2018Q2 were reported. 70,536 are held by Natixis L P. Greenhaven Assocs accumulated 50,000 shares or 0.16% of the stock. 2,334 are held by Security National Bank & Trust Of So Dak. Matrix Asset Advisors holds 1,005 shares. Meridian Inv Counsel owns 1.18% invested in 3M Company (NYSE:MMM) for 10,209 shares. Joel Isaacson & Co Ltd Liability Company accumulated 9,111 shares or 0.3% of the stock. Mitsubishi Ufj Secs Holding, Japan-based fund reported 520 shares. Commonwealth National Bank & Trust Of reported 98,639 shares stake. Sonata Capital Grp reported 1,900 shares. Kornitzer Capital Incorporated Ks reported 0.31% stake. 1832 Asset Mngmt Ltd Partnership owns 698,331 shares. Salem Capital stated it has 6,775 shares or 0.76% of all its holdings. Mckinley Carter Wealth Ser Inc, West Virginia-based fund reported 16,138 shares. Blume Mngmt holds 0.26% or 2,358 shares. 3,682 were reported by Envestnet Asset Mngmt.

Riverpoint Capital Management Llc, which manages about $1.62B and $1.81 billion US Long portfolio, decreased its stake in Electronic Arts Inc (NASDAQ:EA) by 25,638 shares to 83,795 shares, valued at $10.10M in 2018Q3, according to the filing. It also reduced its holding in Ishares Tr (IWF) by 3,960 shares in the quarter, leaving it with 37,696 shares, and cut its stake in Schwab Strategic Tr (SCHD).

Since September 10, 2018, it had 1 insider buy, and 11 insider sales for $17.53 million activity. Hammes Eric D. also sold $274,752 worth of 3M Company (NYSE:MMM) shares. Shares for $942,450 were sold by Gangestad Nicholas C on Thursday, February 7. PAGE GREGORY R had bought 1,000 shares worth $184,500. 9,410 shares were sold by Keel Paul A, worth $1.87 million on Friday, February 8. 13,499 shares were sold by THULIN INGE G, worth $2.70 million on Wednesday, January 30. Shares for $3.22M were sold by Bauman James L on Monday, February 11.

3M Company (NYSE:MMM) Institutional Positions Chart

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