Jonathan Sorrell Sells 202,871 Shares of Man Group PLC (EMG) Stock

Man Group PLC (LON:EMG) insider Jonathan Sorrell sold 202,871 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of GBX 136 ($1.78), for a total value of £275,904.56 ($360,518.18).

Man Group stock opened at GBX 138 ($1.80) on Friday. The company has a current ratio of 3.42, a quick ratio of 2.95 and a debt-to-equity ratio of 9.42. Man Group PLC has a 1-year low of GBX 124.15 ($1.62) and a 1-year high of GBX 197.35 ($2.58). The company has a market capitalization of $2.10 billion and a P/E ratio of 8.12.

The firm also recently declared a dividend, which will be paid on Friday, May 17th. Investors of record on Thursday, April 4th will be paid a GBX 4.06 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 3.02%. Man Group’s dividend payout ratio (DPR) is presently 0.47%.

EMG has been the topic of a number of recent research reports. Credit Suisse Group dropped their target price on Man Group from GBX 200 ($2.61) to GBX 175 ($2.29) and set an “outperform” rating on the stock in a report on Wednesday, December 5th. JPMorgan Chase & Co. lowered Man Group to a “neutral” rating and dropped their target price for the company from GBX 170 ($2.22) to GBX 165 ($2.16) in a report on Monday, January 21st. Finally, Shore Capital reissued a “buy” rating on shares of Man Group in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Man Group presently has a consensus rating of “Buy” and an average price target of GBX 184.43 ($2.41).

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Man Group Company Profile

Man Group plc provides alternative investment management services worldwide. The company offers a range of liquid investment products and solutions, which include quantitative and discretionary, long only and long short, and single and multi-manager. It distributes its products and solutions directly to institutions; and to private investors through a network of intermediaries.

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