Man Group Plc (LON:EMG – Get 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 %
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
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.
Featured Stories
- Five stocks we like better than Man Group
- Most active stocks: Dollar volume vs share volume
- Ambarella’s Stock Turning Point: AI Set to Propel Growth in 2024
- Retail Stocks Investing, Explained
- ON Holdings Stock Price Tumbles: Is Now The Time to Buy?
- How to Invest in Biotech Stocks
- GameStop Stock Is Giving Investors a Familiar Feeling, But Why?
Receive News & Ratings for Man Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Man Group and related companies with MarketBeat.com's FREE daily email newsletter.