Man Group Plc (LON:EMG – Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 236.87 ($2.98) and traded as high as GBX 268.40 ($3.37). Man Group shares last traded at GBX 265.20 ($3.33), with a volume of 2,346,129 shares traded.
Analyst Upgrades and Downgrades
EMG has been the subject of several research reports. Numis Securities reaffirmed an “add” rating and set a GBX 300 ($3.77) price objective on shares of Man Group in a research note on Friday, April 19th. JPMorgan Chase & Co. dropped their price target on Man Group from GBX 323 ($4.06) to GBX 318 ($3.99) and set an “overweight” rating for the company in a research report on Tuesday, February 20th.
Get Our Latest Stock Report on EMG
Man Group Stock Performance
Man Group Increases Dividend
The company also recently announced 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 represents a yield of 3.5%. This is a positive change from Man Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 11th. Man Group’s payout ratio is presently 8,125.00%.
Insider Activity
In other news, insider Antoine Forterre sold 75,484 shares of Man Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of GBX 249 ($3.13), for a total transaction of £187,955.16 ($236,124.57). Corporate insiders own 0.99% 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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