Manning & Napier, Inc: Rmb Capital Management Opened Position

February 14, 2018 - By Darrin Black

 Manning & Napier, Inc: Rmb Capital Management Opened Position

Investors sentiment decreased to 0.7 in Q3 2017. Its down 0.22, from 0.92 in 2017Q2. It fall, as 15 investors sold Manning & Napier, Inc. shares while 18 reduced holdings. 13 funds opened positions while 10 raised stakes. 7.63 million shares or 10.68% less from 8.54 million shares in 2017Q2 were reported.

Raymond James & Associate, Florida-based fund reported 61,800 shares. 108,909 were accumulated by Natl Bank Of Mellon Corporation. Spark Investment Mngmt Ltd Liability Corporation has 0.01% invested in Manning & Napier, Inc. (NYSE:MN). Stifel Financial owns 20,000 shares. Royal Bank Of Canada owns 69,200 shares. Geode Mngmt Ltd Com stated it has 0% in Manning & Napier, Inc. (NYSE:MN). 6 are held by Envestnet Asset Mngmt. Wealthtrust owns 0% invested in Manning & Napier, Inc. (NYSE:MN) for 514 shares. Nottingham Advisors Incorporated has invested 0.01% in Manning & Napier, Inc. (NYSE:MN). Financial Bank Of America Corp De reported 0% stake. Qs Ltd Liability Com accumulated 144,247 shares. Millennium Mngmt reported 277,499 shares. Mufg Americas Holdg owns 346 shares. Blackrock holds 0% of its portfolio in Manning & Napier, Inc. (NYSE:MN) for 154,615 shares. Vanguard owns 201,087 shares.

The New Rmb Capital Management Holding in Manning & Napier, Inc

Rmb Capital Management reported SC 13G form with the SEC for Manning & Napier, Inc. Access it here: 000117266118000466. As reported by Rmb Capital Management, the filler owns 8.9% or 1,339,626 shares of the Finance–company.

Manning & Napier, Inc stake is new for [reportingPerson]. Date of activity: December 31, 2017. This shows Rmb Capital Management’s positive view for Manning & Napier, Inc. For a hedge fund managing $3.98 billion in assets and having 75+ experts this is interesting position.

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Rmb Capital Management’s portfolio is in the sector.

Manning & Napier, Inc Institutional Sentiment

Filings show 68 investors own Manning & Napier, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 126066. 11406233 were owned by these investors. 9 funds opened new Manning & Napier, Inc stakes, 18 increased positions. There were 31 that closed positions and 32 reduced them.

Anton Schutz Mendon Capital Advisors Corp is an investor bullish on Manning & Napier, Inc, owning 362380 shares as of Q3 2015 for 0.74% of its portfolio. Sterneck Capital Management Llc owns 123941 shares or 0.60% of its portfolio. CA Bernzott Capital Advisors have 1.48% of its portfolio for 875582 shares. Further, Greenwich Investment Management Inc reported stake worth 0.59% of its portfolio. The NY Qci Asset Management Inc owns 74438 shares. Manning & Napier, Inc is 0.09% of its portfolio.

Business 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. It offers equity, fixed income and alternative strategies, as well as a range of blended asset portfolios, such as life cycle funds. It serves a client base of high net worth individuals and institutions, including 401(k) plans, pension plans, Taft-Hartley plans (Taft-Hartley), endowments and foundations. It offers its investment management capabilities through direct sales to high net worth individuals and institutions, as well as through third-party intermediaries, platforms and institutional investment consultants. Its investment management offerings include approximately 40 separate account composites, and over 60 mutual funds and collective investment trusts.

SEC Form 13G.

Rmb Capital Management website.

The stock decreased 1.64% or $0.05 during the last trading session, reaching $3. About 99,381 shares traded or 3.01% up from the average. Manning & Napier, Inc. (NYSE:MN) has declined 46.69% since February 14, 2017 and is downtrending. It has underperformed by 63.39% the S&P500.

Manning & Napier, Inc. is publicly owned investment manager. The company has market cap of $236.91 million. It provides its services to net worth individuals and institutions, including 401 plans, pension plans, taft-hartley plans, endowments and foundations. It has a 12 P/E ratio. The firm manages separate client-focused equity and fixed income portfolios.

Manning & Napier, Inc. (NYSE:MN) Ratings Coverage

Among 7 analysts covering Manning & Napier Advisors (NYSE:MN), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Manning & Napier Advisors has $10.50 highest and $4.0 lowest target. $6.40’s average target is 113.33% above currents $3 stock price. Manning & Napier Advisors had 20 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 8 by JP Morgan. The firm has “Hold” rating given on Friday, July 21 by Keefe Bruyette & Woods. The stock of Manning & Napier, Inc. (NYSE:MN) has “Market Perform” rating given on Thursday, September 3 by Wood. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, August 1. The stock of Manning & Napier, Inc. (NYSE:MN) has “Mkt Perform” rating given on Monday, September 14 by Raymond James. The rating was maintained by Keefe Bruyette & Woods on Friday, November 10 with “Hold”. The stock of Manning & Napier, Inc. (NYSE:MN) has “Market Perform” rating given on Friday, October 14 by Wood. Credit Suisse reinitiated the shares of MN in report on Monday, January 11 with “Neutral” rating. The stock has “Neutral” rating by Credit Suisse on Friday, July 15. Keefe Bruyette & Woods maintained it with “Hold” rating and $4.0 target in Monday, September 4 report.

More news for Manning & Napier, Inc. (NYSE:MN) were recently published by: Prnewswire.com, which released: “Manning & Napier, Inc. Reports Fourth Quarter and Full Year 2017 Earnings Results” on February 07, 2018. Nasdaq.com‘s article titled: “New Strong Sell Stocks for February 13th” and published on February 13, 2018 is yet another important article.

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