Man Group (LON:EMG) Stock Passes Above 200-Day Moving Average of $234.14

Man Group Plc (LON:EMG)’s stock price passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on EMG shares. JPMorgan Chase & Co. reduced their target price on Man Group from GBX 323 ($4.02) to GBX 318 ($3.96) and set an “overweight” rating on the stock in a research report on Tuesday, February 20th. Numis Securities raised shares of Man Group to a “buy” rating and set a GBX 315 ($3.92) price objective for the company in a research note on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 297.67 ($3.71).

Man Group Stock Down 4.8 %

The firm has a market capitalization of £2.99 billion, a PE ratio of 1,790.67, 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 firm has a 50-day moving average of GBX 253.59 and a two-hundred day moving average of GBX 234.14.

Man Group Increases Dividend

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

Insider Transactions 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 ($3.10), for a total transaction of £187,955.16 ($233,978.79). Company insiders own 2.07% of the company’s stock.

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.