Manning & Napier, Inc. (NYSE:MN) is expected to pay $0.16 on Nov 1, 2016. The indicated annual dividend is $0.64. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Manning & Napier, Inc.’s current price of $7.61, the dividend is 2.10%. This dividend’s record date is Oct 14, 2016 and the announcement date is Jul 28, 2016. The stock increased 0.13% or $0.01 on October 10, hitting $7.61. Manning and Napier Inc (NYSE:MN) has risen 4.97% since March 8, 2016 and is uptrending. It has underperformed by 4.35% the S&P500.
Manning & Napier, Inc. is an independent investment management company. The company has a market cap of $116.24 million. The Firm operates through investment management industry segment. It has a 10.41 P/E ratio. It provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services.
Insitutional Activity: The institutional sentiment increased to 2.15 in Q2 2016. Its up 1.18, from 0.97 in 2016Q1. The ratio improved, as 10 funds sold all Manning and Napier Inc shares owned while 17 reduced positions. 30 funds bought stakes while 28 increased positions. They now own 11.57 million shares or 1.61% more from 11.38 million shares in 2016Q1.
State Bank Of America De accumulated 25,668 shares or 0% of the stock. Tiaa Cref Inv Ltd Liability Corp has invested 0% of its portfolio in Manning and Napier Inc (NYSE:MN). Deutsche Comml Bank Ag accumulated 0% or 157,724 shares. Susquehanna International Ltd Liability Partnership has invested 0% of its portfolio in Manning and Napier Inc (NYSE:MN). Nationwide Fund last reported 0% of its portfolio in the stock. Tower Rech Capital Lc (Trc) accumulated 1,779 shares or 0% of the stock. Dimensional Fund Advsrs Ltd Partnership reported 242,857 shares or 0% of all its holdings. Ariel Invests Limited Liability Corporation accumulated 1.50M shares or 0.18% of the stock. Victory Capital Mngmt Inc accumulated 61,800 shares or 0% of the stock. Sterneck Mgmt Ltd Liability has 0.62% invested in the company for 97,805 shares. C M Bidwell And Assoc holds 0.08% or 33,635 shares in its portfolio. The Massachusetts-based Acadian Asset Ltd Liability has invested 0% in Manning and Napier Inc (NYSE:MN). Advsr Asset Incorporated, a Colorado-based fund reported 15,664 shares. Blackrock Institutional Tru Na has 0% invested in the company for 482,500 shares. New York State Common Retirement Fund holds 0% of its portfolio in Manning and Napier Inc (NYSE:MN) for 15,400 shares.
Insider Transactions: Since May 12, 2016, the stock had 1 buying transaction, and 0 sales for $90,201 net activity. $90,201 worth of Manning and Napier Inc (NYSE:MN) was bought by Rosenberger Geoffrey.
Manning and Napier Inc (NYSE:MN) Ratings Coverage
Out of 6 analysts covering Manning & Napier Advisors (NYSE:MN), 0 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 0 are positive. Manning & Napier Advisors has been the topic of 10 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Manning and Napier Inc (NYSE:MN) earned “Mkt Perform” rating by Raymond James on Monday, September 14. Credit Suisse reinitiated Manning and Napier Inc (NYSE:MN) on Monday, January 11 with “Neutral” rating. The stock of Manning and Napier Inc (NYSE:MN) has “Market Perform” rating given on Thursday, September 3 by Wood. The stock has “Underweight” rating given by JP Morgan on Tuesday, September 8. As per Friday, July 15, the company rating was reinitiated by Credit Suisse.
More notable recent Manning and Napier Inc (NYSE:MN) news were published by: Prnewswire.com which released: “Manning & Napier, Inc. Announces the Resignation of James Mikolaichik, CFO” on July 13, 2016, also Businesswire.com with their article: “Manning & Napier Announces Agreement to Acquire Majority Interest in Rainier …” published on December 18, 2015, Prnewswire.com published: “Manning & Napier Launches Trusteed IRA to Ensure Retirement Savings Lives On” on September 22, 2016. More interesting news about Manning and Napier Inc (NYSE:MN) were released by: Prnewswire.com and their article: “Manning & Napier, Inc. Announces the Retirement of Patrick Cunningham, CEO” published on April 20, 2016 as well as Prnewswire.com‘s news article titled: “Manning & Napier, Inc. Reports Fourth Quarter and Full Year 2015 Earnings Results” with publication date: February 03, 2016.
MN Company Profile
Manning & Napier, Inc. (Manning & Napier), incorporated on June 22, 2011, is an independent investment management company. The Firm operates through investment management industry segment. The Firm provides a range of investment solutions through separately managed accounts, mutual funds and collective investment trust funds, as well as a range of consultative services. The Firm offers equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. The Firm serves a client base of high net worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans (Taft-Hartley), endowments and foundations. The Firm offers its investment management capabilities through direct sales to high net worth individuals and institutions, as well as through third-party intermediaries, platforms and institutional investment consultants. The Company’s investment management offerings include approximately 40 separate account composites, and over 60 mutual funds and collective investment trusts.
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