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

Numis Securities restated their add rating on shares of Man Group (LON:EMG) in a research report sent to investors on Friday, MarketBeat Ratings reports. The firm currently has a GBX 300 ($3.71) price target on the investment management company’s stock.

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Man Group from GBX 323 ($3.99) to GBX 318 ($3.93) and set an overweight rating for the company in a report on Tuesday, February 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of GBX 292.67 ($3.61).

Man Group Stock Performance

Shares of EMG opened at GBX 246.20 ($3.04) on Friday. The company has a debt-to-equity ratio of 29.03, a current ratio of 2.04 and a quick ratio of 1.58. Man Group has a one year low of GBX 200.50 ($2.48) and a one year high of GBX 279.23 ($3.45). The company has a 50-day simple moving average of GBX 254.30 and a two-hundred day simple moving average of GBX 234.71. The firm has a market capitalization of £2.88 billion, a PE ratio of 1,641.33, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74.

Man Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th will be paid a dividend of $0.11 per share. This is an increase from Man Group’s previous dividend of $0.06. The ex-dividend date is Thursday, April 11th. This represents a dividend yield of 3.5%. Man Group’s dividend payout ratio (DPR) is currently 8,666.67%.

Insider Buying and Selling at Man Group

In other Man Group news, insider Antoine Forterre sold 75,484 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 249 ($3.08), for a total transaction of £187,955.16 ($232,158.05). 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.