Needham & Company Reiterates Hold Rating on Manning & Napier (MN) Following Q4 Results
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Manning & Napier, Inc. Reports Fourth Quarter and Full Year 2016 Earnings Results
February 9, 2017 4:05 PM ESTFAIRPORT, N.Y., Feb. 9, 2017 /PRNewswire/ --Â Manning & Napier, Inc. (NYSE: MN), ("Manning & Napier" or "the Company") today reported 2016 fourth quarter and full year results for the period ended December 31, 2016.
Summary Highlights
Assets under management ("AUM") at December 31, 2016 was $31.7 billion, compared with $34.8 billion at September 30, 2016 Revenue for the fourth quarter decreased 16% year-over-year and 7% sequentially to $59.1 million Fourth quarter income before taxes was $22.1 million Net income attributable to Manning &... More