Man Group (LON:EMG) Given Add Rating at Numis Securities

Numis Securities reaffirmed their add rating on shares of Man Group (LON:EMG) in a research note published on Friday morning, MarketBeat.com reports. The firm currently has a GBX 300 ($3.73) price objective on the investment management company’s stock.

Separately, JPMorgan Chase & Co. reduced their target price on shares of 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Man Group currently has an average rating of Moderate Buy and a consensus target price of GBX 292.67 ($3.64).

Man Group Stock Down 6.6 %

Shares of LON EMG opened at GBX 251 ($3.12) on Friday. 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 has a 12 month low of GBX 200.50 ($2.50) and a 12 month high of GBX 279.23 ($3.48). The firm has a market capitalization of £2.94 billion, a PE ratio of 1,673.33, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74. The firm has a fifty day simple moving average of GBX 254.01 and a two-hundred day simple moving average of GBX 234.33.

Man Group Increases Dividend

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

Insider Transactions at Man Group

In related news, insider Antoine Forterre sold 75,484 shares of the stock in a transaction dated 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). 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.