Man Group (LON:EMG) Stock Crosses Above 200-Day Moving Average of $238.36

Shares of Man Group Plc (LON:EMG - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 238.36 ($2.99) and traded as high as GBX 257.20 ($3.23). Man Group shares last traded at GBX 254.60 ($3.20), with a volume of 3,042,538 shares changing hands.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Man Group from GBX 323 ($4.06) to GBX 318 ($3.99) and set an "overweight" rating for the company in a research report on Tuesday, February 20th. Numis Securities reissued an "add" rating and set a GBX 300 ($3.77) price target on shares of Man Group in a research report on Friday, April 19th.

Man Group Stock Up 2.0 %

The stock has a market capitalization of £3.01 billion, a PE ratio of 1,730.67, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74. The company has a current ratio of 2.04, a quick ratio of 1.58 and a debt-to-equity ratio of 29.03. The company's 50-day moving average is GBX 259.72 and its 200 day moving average is GBX 238.61.

Man Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be given a $0.11 dividend. This is a positive change from Man Group's previous dividend of $0.06. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, April 11th. Man Group's dividend payout ratio (DPR) is presently 8,666.67%.

Insider Activity at Man Group

In related news, insider Antoine Forterre sold 75,484 shares of the 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 ($236,065.26). 0.99% of the stock is currently owned by insiders.

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.