Manning & Napier, Inc. (MN) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN lowered its holdings in shares of Manning & Napier, Inc. (NYSE:MN) by 7.8% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,326 shares of the asset manager’s stock after selling 5,526 shares during the period. Wells Fargo & Company MN owned about 0.43% of Manning & Napier worth $284,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Prudential Financial Inc. raised its holdings in shares of Manning & Napier by 9.2% during the 1st quarter. Prudential Financial Inc. now owns 22,663 shares of the asset manager’s stock worth $129,000 after buying an additional 1,917 shares in the last quarter. UBS Group AG raised its holdings in shares of Manning & Napier by 164.5% during the 1st quarter. UBS Group AG now owns 39,818 shares of the asset manager’s stock worth $227,000 after buying an additional 24,764 shares in the last quarter. Spark Investment Management LLC acquired a new position in shares of Manning & Napier during the 2nd quarter worth $180,000. LMR Partners LLP acquired a new position in shares of Manning & Napier during the 2nd quarter worth $246,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Manning & Napier by 2.0% during the 1st quarter. Bank of New York Mellon Corp now owns 138,379 shares of the asset manager’s stock worth $789,000 after buying an additional 2,744 shares in the last quarter. 56.87% of the stock is owned by institutional investors.

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MN has been the topic of a number of research reports. ValuEngine upgraded Manning & Napier from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Manning & Napier from a “hold” rating to a “buy” rating and set a $4.50 price objective on the stock in a research report on Wednesday, October 11th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $4.00 price objective on shares of Manning & Napier in a research report on Friday, November 10th.

Shares of Manning & Napier, Inc. (NYSE MN) opened at $3.85 on Friday. The firm has a market capitalization of $58.05, a price-to-earnings ratio of 7.55, a P/E/G ratio of 1.08 and a beta of 1.53. Manning & Napier, Inc. has a 52-week low of $3.00 and a 52-week high of $8.15.

Manning & Napier (NYSE:MN) last issued its quarterly earnings data on Wednesday, November 1st. The asset manager reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $48.84 million for the quarter, compared to the consensus estimate of $47.52 million. Manning & Napier had a return on equity of 30.20% and a net margin of 3.30%. The company’s revenue was down 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 EPS. equities analysts forecast that Manning & Napier, Inc. will post 0.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Monday, January 15th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.32 dividend on an annualized basis and a yield of 8.31%. Manning & Napier’s dividend payout ratio is currently 66.67%.

Manning & Napier Company Profile

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.

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Institutional Ownership by Quarter for Manning & Napier (NYSE:MN)

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