John Rogers (Trades, Portfolio) of Ariel Investment, LLC recently increased his position in Manning & Napier Inc (MN, Financial). There are currently 186 stocks in his portfolio, valued at $7.750 billion with a quarter over quarter turnover rate of 8%.
John Rogers (Trades, Portfolio) showed an interest in the stock market when he was only 12 years old, when his father would buy him stocks as Christmas and birthday presents. As an alumnus of Princeton University where he studied economics, he received the Woodrow Wilson Award in 2008, which is the most prestigious award, given to those who embody a career in national service.
Rogers was featured along some of the investing greats, such as Warren Buffett (Trades, Portfolio) and Benjamin Graham in The World's Greatest 99 Investors, by Magnus Angenfelt.
Here's a look at the investor's latest portfolio update:
Manning & Napier Inc (MN, Financial)
Rogers increased his position in Manning & Napier by ~20%. He currently holds 1,378,985 shares in his portfolio.
Manning & Napier was incorporated in 2011 as an independent investment management firm that offers equity and fixed income portfolios, along with blended asset portfolios, like life cycle funds.
The stock is currently trading at $11.72/share and the current Revenue per Share is $29.24, which makes the P/S ratio 0.40 –Â close to the five-year low of 0.37 and lower than the asset management industry median of 6.6, as shown in the chart below.
The company's market cap is $160.4 billion, as there are currently 13.9 billion shares outstanding. The company has continued to issue new shares since 2012, as shown in the chart below.
Manning's current divided yield is 5.60%, which is close to its three-year high. Shareholders recieved $.08 per share on February 5 of this year. The current payout ratio is 4.56, indicating the dividend may not be sustainable.
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