Last $13.97 USD
Change Today -0.08 / -0.57%
Volume 30.5K
MN On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

manning & napier inc (MN) Snapshot

Open
$14.12
Previous Close
$14.05
Day High
$14.24
Day Low
$13.90
52 Week High
09/2/14 - $18.87
52 Week Low
12/22/14 - $13.59
Market Cap
1.3B
Average Volume 10 Days
93.2K
EPS TTM
$0.14
Shares Outstanding
13.7M
EX-Date
01/13/15
P/E TM
101.7x
Dividend
$0.64
Dividend Yield
5.15%
Current Stock Chart for MANNING & NAPIER INC (MN)

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manning & napier inc (MN) Details

Manning & Napier, Inc. provides investment management products and services primarily in the United States. The company offers a range of investment solutions through separately managed accounts, mutual funds, and collective investment trust funds. It also provides consultative services; equity and fixed income portfolios; and a range of blended asset portfolios, such as life cycle funds that use a mix of stocks and bonds. The company serves high net worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans, endowments, and foundations through direct sales representatives, as well as through third-party intermediaries comprising brokerage firm representatives, independent financial advisors, and institutional investment consultants. Manning & Napier, Inc. was founded in 1970 and is headquartered in Fairport, New York.

507 Employees
Last Reported Date: 03/14/14
Founded in 1970

manning & napier inc (MN) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.0M
President
Total Annual Compensation: $1.3M
Chief Financial Officer and Principal Account...
Total Annual Compensation: $750.0K
Executive Vice President
Total Annual Compensation: $1.7M
Executive Vice President
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2013.

manning & napier inc (MN) Key Developments

Manning & Napier, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Manning & Napier, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $104.8 million, an increase of 11% from revenue of $94.6 million reported in the third quarter of 2013, and an increase of 1% from revenue of $103.9 million reported in the second quarter of 2014. Operating income was $24,010,000 compared to $24,547,000 a year ago. Income before provision for income taxes was $22,796,000 compared to $25,015,000 a year ago. Net income attributable to the company was $428,000 or $0.03 per basic and diluted share compared to $1,314,000 or $0.05 per basic and diluted share a year ago. Economic net income was $26,943,000 or $0.31 per adjusted share compared to $26,707,000 or $0.30 per adjusted share a year ago. For the nine months, the company reported 2014 year-to-date revenue of $307.1 million, an increase of 11% from revenue of $277.9 million reported in 2013. The increase in 2014 was consistent with changes in average AUM, which increased by 10% over the prior year. Operating income was $63,480,000 compared to $64,033,000 a year ago. Income before provision for income taxes was $65,611,000 compared to $64,581,000 a year ago. Net income attributable to the company was $1,208,000 or $0.09 per diluted share compared to $1,918,000 or $0.14 per diluted share a year ago. Economic net income was $81,297,000 or $0.92 per adjusted share compared to $78,653,000 or $0.88 per adjusted share a year ago.

Manning & Napier, Inc. Declares Quarterly Common Stock Dividend and Special Dividend, Payable on or about February 2, 2015

Manning & Napier, Inc. announced that its board of directors has declared a quarterly dividend of $0.16 per share of Class A common stock. The dividend will be paid on or about February 2, 2015 to shareholders of record as of the close of business on January 15, 2015. Additionally, the company's board of directors declared a special cash dividend in the amount of $0.08 per share of Class A common stock. The special dividend will also be payable on or about February 2, 2015 to shareholders of record as of the close of business on January 15, 2015.

Manning Seeks Acquisitions

Manning & Napier, Inc. (NYSE:MN) is looking for acquisition opportunities. Board of Directors of Manning has declared a quarterly dividend of $0.16 per share of Class A common stock. Manning said the special dividend provides an efficient vehicle in which to return capital to shareholders, while allowing the Company to maintain a strong cash position and financial flexibility to seed new products, fund ongoing general corporate purposes and participate in potential mergers and acquisitions.

 

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MN

Industry Average

Valuation MN Industry Range
Price/Earnings 99.5x
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow 98.4x
TEV/Sales 0.2x
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