Shares of Man Group Plc (LON:EMG – Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 234.14 ($2.91) and traded as high as GBX 269.20 ($3.35). Man Group shares last traded at GBX 268.60 ($3.34), with a volume of 2,411,784 shares traded.
Wall Street Analysts Forecast Growth
EMG has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Man Group from GBX 323 ($4.02) to GBX 318 ($3.96) and set an “overweight” rating for the company in a report on Tuesday, February 20th. Numis Securities reiterated an “add” rating and set a GBX 300 ($3.73) price target on shares of Man Group in a research report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 292.67 ($3.64).
Read Our Latest Analysis on Man Group
Man Group Stock Down 6.6 %
Man Group Increases Dividend
The business also recently disclosed a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be paid a dividend of $0.11 per share. The ex-dividend date is Thursday, April 11th. This is a positive change from Man Group’s previous dividend of $0.06. This represents a dividend yield of 3.5%. Man Group’s dividend payout ratio (DPR) is currently 8,666.67%.
Insider Buying and Selling
In other news, insider Antoine Forterre sold 75,484 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of GBX 249 ($3.10), for a total transaction of £187,955.16 ($233,978.79). Insiders own 2.07% of the company’s stock.
About Man Group
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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