Man Group (LON:EMG) Receives Add Rating from Numis Securities

Numis Securities reiterated their add rating on shares of Man Group (LON:EMG) in a research note issued to investors on Friday, MarketBeat.com reports. They currently have a GBX 300 ($3.73) target price on the investment management company’s stock.

Separately, JPMorgan Chase & Co. cut their target price 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 research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Man Group has a consensus rating of Moderate Buy and a consensus target price of GBX 292.67 ($3.64).

Man Group Trading Down 6.6 %

Shares of EMG stock opened at GBX 251 ($3.12) on Friday. The firm has a 50-day moving average price of GBX 254.01 and a 200 day moving average price of GBX 234.53. Man Group has a twelve month low of GBX 200.50 ($2.50) and a twelve month high of GBX 279.23 ($3.48). The company has a market capitalization of £2.94 billion, a price-to-earnings ratio of 1,673.33, a PEG 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.

Man Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be issued a $0.11 dividend. This is a boost from Man Group’s previous dividend of $0.06. The ex-dividend date is Thursday, April 11th. This represents a yield of 3.5%. Man Group’s payout ratio is 8,666.67%.

Insider Buying and Selling at Man Group

In other Man Group 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 ($3.10), for a total value of £187,955.16 ($233,978.79). 2.07% of the stock is owned by company 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.