Man Group (LON:EMG) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Man Group Plc (LON:EMG) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 209.42 ($2.71) and traded as high as GBX 210.80 ($2.73). Man Group shares last traded at GBX 208.20 ($2.70), with a volume of 233,340,094 shares.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on EMG. Canaccord Genuity Group raised Man Group to a “buy” rating and upped their target price for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and raised their target price for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a report on Wednesday, December 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Man Group from GBX 247 ($3.20) to GBX 242 ($3.13) and set an “overweight” rating for the company in a research report on Thursday, March 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Man Group has an average rating of “Moderate Buy” and an average price target of GBX 281.67 ($3.65).

Man Group Trading Down 1.1 %

The business has a 50 day moving average of GBX 209.86 and a 200 day moving average of GBX 209.42. The firm has a market cap of £3.01 billion, a price-to-earnings ratio of 9.82, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76.

Man Group Increases Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Man Group’s previous dividend of $0.06. This represents a dividend yield of 4.25%. Man Group’s payout ratio is 61.33%.

Insider Activity

In other Man Group news, insider Dixit Joshi purchased 46,051 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average cost of GBX 217 ($2.81) per share, with a total value of £99,930.67 ($129,376.84). Also, insider Robyn Grew sold 299,898 shares of Man Group stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.72), for a total value of £629,785.80 ($815,362.25). Company insiders own 0.95% of the company’s stock.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers’ capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society.