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Manning & Napier, Inc. (NYSE: MN) announced a rise in assets under management (AUM) to $21.9 billion as of April 30, 2021, up from $21.1 billion on March 31, 2021. This increase was driven by higher client inflows and improved market performance. By investment vehicle, separate accounts accounted for $15.98 billion and mutual funds reached $5.91 billion. The company offers a variety of investment solutions, serving diverse clients like high-net-worth individuals and institutions.
Manning & Napier (NYSE: MN) reported its Q1 2021 results, revealing assets under management (AUM) of $21.1 billion, up from $20.1 billion at year-end 2020. Revenue increased 10% year-over-year to $34.2 million, with net income of $5.2 million or $0.26 per diluted share. The firm utilized $3.0 million to repurchase shares as part of a $10 million buyback program. Despite net outflows of $0.1 billion, AUM reflects a strong market appreciation. Manning & Napier gained recognition as Barron's best actively managed fund family for 2020.
Manning & Napier, Inc. (NYSE: MN) announced the expiration of its shareholder rights agreement on April 14, 2021. Shareholders are not required to take any actions due to this termination. The Company will voluntarily de-register the related preferred stock purchase rights under the Securities Exchange Act of 1934. These administrative actions will not affect Manning & Napier's common stock, which remains listed on the NYSE.
Manning & Napier (NYSE: MN) will report its Q1 2021 financial results on April 28, 2021, after market close. The teleconference to discuss these results will take place at 5:00 p.m. ET and can be accessed by dialing (706)-758-9224. A live webcast will be available on the company's investor relations website. As of March 31, 2021, Manning & Napier's Assets Under Management (AUM) were approximately $21.1 billion, including $15.5 billion in separately managed accounts.
Manning & Napier (NYSE: MN) announced its preliminary assets under management (AUM) reached $20.3 billion as of February 28, 2021, up from $19.9 billion at January 31, 2021, and $20.1 billion at December 31, 2020. The increase reflects growth in separately managed accounts, which totaled $14.7 billion, and mutual funds and collective investment trusts, amounting to $5.6 billion. The company emphasizes its range of investment solutions and the importance of client relationships in its growth strategy.
Manning & Napier, Inc. (NYSE: MN) reported preliminary assets under management (AUM) of $19.9 billion as of January 31, 2021, a decline from $20.1 billion on December 31, 2020. The decrease is attributed to lower AUM across various investment vehicles, including separate accounts and mutual funds. Specific figures indicate separate accounts at $14.4 billion and mutual funds at $5.5 billion. This decline in AUM may affect the company's future revenue and operational performance.
Manning & Napier, Inc. (MN) reported its 2020 financial results, highlighting a 5% increase in assets under management (AUM) to $20.1 billion. The fourth quarter revenue reached $33.5 million, reflecting a 2% year-over-year increase and a 5% rise from Q3. Net income for Q4 was $5.1 million or $0.23 per diluted share. Operating income surged to $4.6 million from a loss in the previous year. The company approved a $10 million share repurchase program to enhance shareholder value.
Manning & Napier, Inc. (NYSE: MN) will reveal its fourth quarter 2020 financial results on February 9, 2021, after market closure. A teleconference is scheduled for the same day at 5:00 p.m., accessible via phone and a live webcast on their investor relations website. Preliminary assets under management as of December 31, 2020, reached $20.1 billion, comprising $14.6 billion in separately managed accounts and $5.5 billion in mutual funds. A replay of the call will be available until February 23, 2021.
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