Man Group (LON:EMG) Reaches New 52-Week High at $273.40

Man Group Plc (LON:EMGGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 273.40 ($3.50) and last traded at GBX 260.80 ($3.34), with a volume of 462110 shares trading hands. The stock had previously closed at GBX 249.70 ($3.20).

Wall Street Analysts Forecast Growth

EMG has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price objective on Man Group from GBX 323 ($4.14) to GBX 318 ($4.07) and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Numis Securities upgraded Man Group to a “buy” rating and set a GBX 315 ($4.04) price objective on the stock in a report on Thursday, March 7th. Finally, Morgan Stanley downgraded Man Group to an “equal weight” rating in a report on Tuesday, November 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 297.67 ($3.81).

Get Our Latest Stock Analysis on EMG

Man Group Trading Up 3.8 %

The firm has a market cap of £3.11 billion, a PE ratio of 1,664.67, a P/E/G ratio of -1.15 and a beta of 0.74. The company has a current ratio of 2.00, a quick ratio of 1.58 and a debt-to-equity ratio of 29.03. The business has a fifty day moving average price of GBX 234.17 and a 200 day moving average price of GBX 224.42.

Man Group Increases Dividend

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

Insider Activity

In other news, insider Antoine Forterre sold 75,484 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of GBX 249 ($3.19), for a total value of £187,955.16 ($240,813.79). Company insiders own 2.06% of the company’s stock.

Man Group Company Profile

(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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