Shares of Man Group Plc (LON:EMG – Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 235.10 ($2.90) and traded as high as GBX 250.60 ($3.10). Man Group shares last traded at GBX 247 ($3.05), with a volume of 2,048,067 shares changing hands.
Wall Street Analyst Weigh In
A number of analysts have recently commented on EMG shares. Numis Securities restated an “add” rating and set a GBX 300 ($3.71) target price on shares of Man Group in a report on Friday, April 19th. JPMorgan Chase & Co. dropped their target price on shares of Man Group from GBX 323 ($3.99) to GBX 318 ($3.93) and set an “overweight” rating on the stock in a report on Tuesday, February 20th.
Read Our Latest Stock Analysis on EMG
Man Group Trading Up 1.2 %
Man Group Increases Dividend
The business also recently declared a dividend, which will be paid on Wednesday, May 22nd. Stockholders of record on Thursday, April 11th will be given a $0.11 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Man Group’s previous dividend of $0.06. Man Group’s payout ratio is currently 8,666.67%.
Insider Transactions at Man Group
In other news, insider Antoine Forterre sold 75,484 shares of Man Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of GBX 249 ($3.08), for a total value of £187,955.16 ($232,158.05). 2.07% of the stock is 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.
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