Manning & Napier, Inc. Class A (NYSE:MN):
Manning & Napier, Inc. Announces Quarterly Dividend.
The company is so far trading up by 0.71% since yesterday’s close of $7.
Additionally Manning & Napier, Inc. Class A declared a dividend for shareholders to be paid on Tuesday November 1st, 2016. The dividend payment will be $0.160 per share for the quarter or $0.64 annualized. This dividend amount will represent a yeild of $8.59. The ex-dividend date will be on Wednesday October 12th, 2016.
Shares last traded at $7.05 marginally under the 50 day moving average of $7.38 and a tad under the 200 day moving average of $8.31. The 50 day moving average was down $-0.33 and the 200 day average was down $-1.26.
Manning & Napier, Inc. Class A ‘s P/E ratio is 10.52 and the market value is 103.88M. As of the latest earnings report the EPS was $0.76 and is projected to be $0.68 for the current year with 14,735,000 shares outstanding. Next quarter’s EPS is estimated at $0.17 and the next full year EPS is projected to be $0.68.
A few Wall Street analysts have weighed in on the company of late. Equity analyst Keefe Bruyette & Woods downgraded the stock and lowered the price target on October 27 changing the price objective from $7.80 to $7.00 and setting the rating at “Underperform” which had previously been “Market Perform”. On October 27 the company was downgraded to “Underperform” from “Market Perform” with a current price target of $7.00 in an announcement from Keefe Bruyette & Woods.
October 14 investment analysts at Keefe Bruyette & Woods maintained a company rating of “Market Perform” but moved down the price target from $8.80 to $7.80. On July 29 Keefe Bruyette & Woods made no change to the stock rating of “Market Perform” but lowered the price expectation to $8.80 from $9.50.
February 8 investment analysts at Keefe Bruyette & Woods held the company rating at “Market Perform” and lowered the price expectation from $8.50 to $7.50. On January 10, 2016 Credit Suisse initiated coverage giving it an initial rating of “Neutral” and price target of $9.00.