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Manning & Napier, Inc. Stock Price

NYSE:MN Community·US$251.3m Market Cap
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Snowflake Analysis

Flawless balance sheet and good value.

2 Risks
1 Reward

Manning & Napier, Inc. Key Details

US$144.7m

Revenue

US$79.9m

Cost of Revenue

US$64.8m

Gross Profit

US$47.3m

Other Expenses

US$17.5m

Earnings

Last Reported Earnings
Jun 30, 2022
Next Reporting Earnings
n/a
0.91
44.76%
12.07%
0%
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About MN

Founded
1970
Employees
275
CEO
Marc Mayer
WebsiteView website
www.manning-napier.com

Manning & Napier, Inc. is publicly owned investment manager. It provides its services to net worth individuals and institutions, including 401(k) plans, pension plans, taft-hartley plans, endowments and foundations. The firm manages separate client-focused equity and fixed income portfolios. It invests in the public equity and fixed income markets of the United States. The firm employs fundamental analysis along with a combination of bottom-up and top-down stock picking approach to create its portfolios. Manning & Napier, Inc. was founded in 1970 and is based in Fairport, New York with additional offices in Dublin, Ohio; St. Petersburg, Florida; and Chicago, Illinois.

Recent MN News & Updates

Seeking Alpha Oct 12

Manning & Napier AUM tumble 7% in September

Manning & Napier (NYSE:MN) said Wednesday that its assets under management dropped to $17.4B at the end of September from $18.7B as of August 31. September's preliminary figure included approximately $12.4B in separately managed accounts and ~$5.0B in mutual funds and collective investment funds. The asset manager reiterated its October deadline for its merger agreement with Callodine Group LLC. Previously, (Sep. 13) Manning & Napier reports lower M/M AUM in August.
Seeking Alpha Sep 28

Manning & Napier extends Callodine Group merger deadline

Manning & Napier (NYSE:MN) extends of the outside date under the merger agreement with Callodine Group to December 1, 2022. The parties currently expect to close the transaction in October 2022. "In order to continue to productively engage with the regulators, we have revised our outlook and now expect the transaction to close in October 2022. We appreciate the continued support of our employees, clients and shareholders and look forward to the Company's next chapter." said Marc Mayer, Chairman and CEO.
Seeking Alpha Sep 13

Manning & Napier reports lower M/M AUM in August

Investment solutions company Manning & Napier (NYSE:MN) reported preliminary AUM of $18.7B as of Aug. 31, compared to $19.3B at Jul. 31. Blended assets came in at $12.6B at August-end, down from $13.1B in the previous month. Equity assets were down to $4.8B from $5.0B, while fixed income assets rose to $1.3B from $1.2B. Source: Press Release

Recent updates

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