About Manning and Napier (NYSE:MN)
Manning & Napier, Inc. is an independent investment management company. The Company operates through investment management industry segment. 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. It offers equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. It 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. It 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. Its investment management offerings include approximately 40 separate account composites, and over 60 mutual funds and collective investment trusts.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Investment Management
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NYSE:MN
- CUSIP: 56382Q10
- Web: www.manningnapier.com/
- Market Cap: $58.05 million
- Outstanding Shares: 15,079,000
- 50 Day Moving Avg: $3.80
- 200 Day Moving Avg: $4.33
- 52 Week Range: $3.00 - $8.15
Sales & Book Value:
- Trailing P/E Ratio: 7.13
- Foreward P/E Ratio: 11.00
- P/E Growth: -0.39
- Annual Revenue: $229.41 million
- Price / Sales: 0.25
- Book Value: $10.78 per share
- Price / Book: 0.36
- Annual Dividend: $0.32
- Dividend Yield: 8.4%
- EBITDA: $80.46 million
- Net Margins: 27.98%
- Return on Equity: 3.91%
- Return on Assets: 26.84%
- Current Ratio: 4.26%
- Quick Ratio: 4.26%
- Average Volume: 111,054 shs.
- Beta: 1.47
- Short Ratio: 5.75
Frequently Asked Questions for Manning and Napier (NYSE:MN)
What is Manning and Napier's stock symbol?
Manning and Napier trades on the New York Stock Exchange (NYSE) under the ticker symbol "MN."
How often does Manning and Napier pay dividends? What is the dividend yield for Manning and Napier?
Manning and Napier announced a quarterly dividend on Friday, July 28th. Shareholders of record on Friday, October 13th will be given a dividend of $0.08 per share on Wednesday, November 1st. This represents a $0.32 dividend on an annualized basis and a yield of 8.31%. The ex-dividend date of this dividend is Thursday, October 12th. View Manning and Napier's Dividend History.
How were Manning and Napier's earnings last quarter?
Manning and Napier Inc (NYSE:MN) posted its earnings results on Tuesday, August, 1st. The company reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. The business earned $51.53 million during the quarter, compared to the consensus estimate of $50.22 million. Manning and Napier had a net margin of 27.98% and a return on equity of 3.91%. The firm's revenue was down 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.17 EPS. View Manning and Napier's Earnings History.
When will Manning and Napier make its next earnings announcement?
Where is Manning and Napier's stock going? Where will Manning and Napier's stock price be in 2017?
2 analysts have issued twelve-month target prices for Manning and Napier's stock. Their predictions range from $4.00 to $4.00. On average, they anticipate Manning and Napier's stock price to reach $4.00 in the next twelve months. View Analyst Ratings for Manning and Napier.
What are analysts saying about Manning and Napier stock?
Here are some recent quotes from research analysts about Manning and Napier stock:
- 1. According to Zacks Investment Research, "Manning & Napier, Inc. operates as an investment advisor engaged in managing corporate and union pension and annuity funds, endowment funds, foundations, profit sharing plans and benefit plans. It offers equity and fixed income portfolios and a range of blended asset portfolios. The Company offers investment solutions through separately managed accounts, mutual funds, and collective investment trust funds. Manning & Napier, Inc. is headquartered in Fairport, New York. " (10/11/2017)
- 2. Needham & Company LLC analysts commented, "Manning & Napier reported 4Q results that were slightly below consensus on revenue but above on EPS. AUM levels were down 11% Y/Y and 9% sequentially, due to both outflows and market depreciation. It was noted that investment performance suffered during 4Q due to underexposure to cyclicals in the rally following the election, eroding MN's performance advantage achieved through the first three quarters. It was also disclosed that MN received a cancellation notice from its largest client, which will lead to a $2.4 billion outflow at the end of 1Q. Despite signs of improved performance and AUM levels through January, we believe AUM will remain pressured going forward." (2/13/2017)
Who are some of Manning and Napier's key competitors?
Some companies that are related to Manning and Napier include City of London Investment Group PLC (CLIG), Fifth Street Asset Management (FSAM), Miton Group PLC (MGR), Medley Management (MDLY), Medley Management (MDLY), Zoltav Resources (ZOL), Plutus Powergen PLC (PPG), Aberdeen Asset Management plc (ADN), Calamos Asset Management (CLMS), Charlemagne Capital Limited (CCAP), Standard Life Aberdeen PLC (SL) and Standard Life Private Equity Trust PLC (SEP).
Who are Manning and Napier's key executives?
Manning and Napier's management team includes the folowing people:
- William Manning, Chairman of the Board, Chief Executive Officer
- Jeffrey S. Coons, President
- Beth H. Galusha, Principal Financial Officer
- Charles H. Stamey, Executive Vice President and Managing Director of Sales
- Marc D. Tommasi, Chief Investment Strategist
- Christian Andreach, Co-Head of Global Equities
- Ebrahim Busheri, Director - Investments
- Richard B. Yates, Secretary, Chief Legal Officer
- Joel C. Domino, Director
- Richard Goldberg, Director
How do I buy Manning and Napier stock?
Shares of Manning and Napier can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Manning and Napier's stock price today?
MarketBeat Community Rating for Manning and Napier (NYSE MN)MarketBeat's community ratings are surveys of what our community members think about Manning and Napier and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Manning and Napier stock can currently be purchased for approximately $3.85.
Consensus Ratings for Manning and Napier (NYSE:MN) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$4.00 (3.90% upside)|Consensus Price Target History for Manning and Napier (NYSE:MN)
Analysts' Ratings History for Manning and Napier (NYSE:MN)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/3/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$4.00||High|
|2/13/2017||Needham & Company LLC||Reiterated Rating||Hold||N/A|
|9/1/2016||Credit Suisse Group||Reiterated Rating||Hold||$8.00||N/A|
|4/12/2016||Sandler O'Neill||Boost Price Target||$7.50 -> $8.00||N/A|
|2/6/2016||Bank of America Corporation||Reiterated Rating||Underperform||$9.00 -> $8.00||N/A|
|1/14/2016||J P Morgan Chase & Co||Lower Price Target||Underweight||$8.00 -> $7.00||N/A|
Earnings History for Manning and Napier (NYSE:MN)Earnings History by Quarter for Manning and Napier (NYSE MN)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/1/2017||Q2 2017||$0.12||$0.12||$50.22 million||$51.53 million||View||Listen|
|5/3/2017||Q1 2017||$0.15||$0.13||$54.55 million||$55.50 million||View||Listen|
|2/9/2017||Q416||$0.16||$0.16||$61.20 million||$59.10 million||View||Listen|
|10/26/2016||Q316||$0.18||$0.16||$67.25 million||$63.31 million||View||Listen|
|7/27/2016||Q216||$0.18||$0.17||$65.81 million||$67.54 million||View||Listen|
|4/27/2016||Q116||$0.17||$0.18||$65.50 million||$64.50 million||View||Listen|
|2/3/2016||Q415||$0.21||$0.20||$72.70 million||$72.49 million||View||N/A|
|10/28/2015||Q315||$0.23||$0.21||$80.24 million||$77.93 million||View||Listen|
|7/29/2015||Q2||$0.28||$0.24||$87.40 million||$87.00 million||View||Listen|
|4/29/2015||Q115||$0.28||$0.28||$93.20 million||$90.43 million||View||Listen|
|2/4/2015||Q414||$0.30||$0.30||$101.85 million||$98.30 million||View||N/A|
|10/29/2014||Q314||$0.31||$0.31||$105.00 million||$104.80 million||View||N/A|
|7/30/2014||Q214||$0.31||$0.30||$102.91 million||$103.90 million||View||N/A|
|4/30/2014||Q114||$0.29||$0.31||$99.19 million||$98.50 million||View||N/A|
|2/12/2014||Q4||$0.31||$0.28||$97.66 million||$98.20 million||View||N/A|
|10/30/2013||Q313||$0.30||$0.30||$91.76 million||$94.60 million||View||N/A|
|7/31/2013||Q2 2013||$0.30||$0.30||$93.01 million||$92.97 million||View||N/A|
|5/1/2013||Q1 2013||$0.28||$0.28||$89.71 million||$90.30 million||View||N/A|
|2/13/2013||Q4 2012||$0.28||$0.28||$88.12 million||$87.10 million||View||N/A|
|10/31/2012||Q312||$0.28||$0.27||$90.13 million||$85.40 million||View||N/A|
Earnings Estimates for Manning and Napier (NYSE:MN)
Current Year EPS Consensus Estimate: $0.46 EPS
Next Year EPS Consensus Estimate: $0.35 EPS
Current Dividend Information for Manning and Napier (NYSE:MN)
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||60.38% (Trailing 12 Months of Earnings) |
69.57% (Based on This Year's Estimates)
91.43% (Based on Next Year's Estimates)
Dividend History by Quarter for Manning and Napier (NYSE MN)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Manning and Napier (NYSE:MN)
Insider Ownership Percentage: 2.50%Insider Trades by Quarter for Manning and Napier (NYSE:MN)
Institutional Ownership Percentage: 57.02%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/13/2016||Geoffrey Rosenberger||Director||Buy||10,000||$9.02||$90,200.00|| |
|2/20/2013||Robert M Zak||Director||Buy||5,000||$15.54||$77,700.00|| |
Headline Trends for Manning and Napier (NYSE:MN)
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Manning and Napier (MN) Chart for Monday, October, 23, 2017