Man Group (LON:EMG) Reaches New 1-Year High at $274.40

Man Group Plc (LON:EMGGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 274.40 ($3.44) and last traded at GBX 274 ($3.44), with a volume of 2453337 shares changing hands. The stock had previously closed at GBX 266 ($3.34).

Analysts Set New Price Targets

EMG has been the subject of several research analyst reports. Numis Securities upgraded shares of Man Group to a “buy” rating and set a GBX 315 ($3.95) price target for the company in a report on Thursday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of Man Group from GBX 323 ($4.05) to GBX 318 ($3.99) and set an “overweight” rating for the company in a report on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Man Group has a consensus rating of “Moderate Buy” and an average target price of GBX 297.67 ($3.74).

Check Out Our Latest Analysis on EMG

Man Group Price Performance

The company has a market capitalization of £3.21 billion, a P/E ratio of 1,806.67, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74. The company’s 50-day moving average price is GBX 244.48 and its two-hundred day moving average price is GBX 229.86. The company has a debt-to-equity ratio of 29.03, a current ratio of 2.04 and a quick ratio of 1.58.

Man Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.11 per share. This represents a yield of 3.5%. This is an increase from Man Group’s previous dividend of $0.06. The ex-dividend date is Thursday, April 11th. Man Group’s dividend payout ratio is presently 8,666.67%.

Insiders Place Their Bets

In related news, insider Antoine Forterre sold 75,484 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 249 ($3.13), for a total value of £187,955.16 ($235,946.72). Corporate insiders own 2.07% of the company’s stock.

About Man Group

(Get Free Report)

Man Group Limited is a publicly owned investment manager. The firm provides long-only and alternative investment management services worldwide. It offers a range of liquid investment products and solutions, which include quantitative, multi-manager and discretionary investment styles, and span across various asset classes, like equity, real estate, currency, credit, volatility, and commodities.

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