Manning & Napier (NYSE:MN) Earns Hold Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Manning & Napier (NYSE:MNGet Rating) in a research note issued on Friday. The firm set a “hold” rating on the asset manager’s stock.

Manning & Napier Price Performance

Shares of NYSE MN opened at $12.85 on Friday. Manning & Napier has a 1 year low of $7.25 and a 1 year high of $12.91. The company has a 50 day simple moving average of $12.64 and a 200-day simple moving average of $12.60. The company has a market capitalization of $237.29 million, a P/E ratio of 16.06 and a beta of 2.06.

Institutional Investors Weigh In On Manning & Napier

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its holdings in shares of Manning & Napier by 2.2% during the 1st quarter. Bank of New York Mellon Corp now owns 72,720 shares of the asset manager’s stock worth $662,000 after buying an additional 1,592 shares during the period. Koss Olinger Consulting LLC raised its holdings in shares of Manning & Napier by 13.0% in the second quarter. Koss Olinger Consulting LLC now owns 15,154 shares of the asset manager’s stock valued at $189,000 after purchasing an additional 1,748 shares during the last quarter. Raymond James & Associates grew its stake in shares of Manning & Napier by 8.7% in the first quarter. Raymond James & Associates now owns 22,610 shares of the asset manager’s stock valued at $206,000 after buying an additional 1,810 shares in the last quarter. State Street Corp boosted its position in Manning & Napier by 6.5% during the first quarter. State Street Corp now owns 44,571 shares of the asset manager’s stock worth $406,000 after purchasing an additional 2,712 shares during the period. Finally, BNP Paribas Arbitrage SNC grew its stake in Manning & Napier by 84.3% during the third quarter. BNP Paribas Arbitrage SNC now owns 6,676 shares of the asset manager’s stock worth $82,000 after buying an additional 3,054 shares in the last quarter. Institutional investors own 61.45% of the company’s stock.

Manning & Napier Company Profile

(Get Rating)

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.

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