Man Group Plc (LON:EMG - Get Free Report) reached a new 52-week high during trading 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 trading hands. The stock had previously closed at GBX 266 ($3.34).
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. Numis Securities upgraded Man Group to a "buy" rating and set a GBX 315 ($3.95) price target on the stock in a report on Thursday, March 7th. JPMorgan Chase & Co. decreased their price objective on Man Group from GBX 323 ($4.05) to GBX 318 ($3.99) and set an "overweight" rating on the stock in a report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 297.67 ($3.74).
Check Out Our Latest Report on EMG
Man Group Trading Up 3.0 %
The company has a debt-to-equity ratio of 29.03, a current ratio of 2.04 and a quick ratio of 1.58. The stock has a market cap of £3.21 billion, a price-to-earnings ratio of 1,826.67, a P/E/G ratio of -1.15 and a beta of 0.74. The business's 50 day moving average is GBX 245.35 and its 200 day moving average is GBX 230.17.
Man Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be paid a $0.11 dividend. This represents a yield of 3.5%. The ex-dividend date is Thursday, April 11th. This is an increase from Man Group's previous dividend of $0.06. Man Group's dividend payout ratio is currently 8,666.67%.
Insider Buying and Selling at Man Group
In other news, insider Antoine Forterre sold 75,484 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 249 ($3.13), for a total transaction of £187,955.16 ($235,946.72). 2.07% of the stock is currently owned by insiders.
Man Group Company Profile
(
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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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