Man Group Plc (LON:EMG) to Issue $0.06 Dividend

Man Group Plc (LON:EMG) announced a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Investors of record on Thursday, August 8th will be given a dividend of $0.06 per share by the investment management company on Friday, September 20th. This represents a yield of 1.73%. The ex-dividend date is Thursday, August 8th. The official announcement can be accessed at this link.

Man Group Stock Up 0.1 %

LON:EMG opened at GBX 217.20 ($2.78) on Wednesday. Man Group has a 1-year low of GBX 200.50 ($2.56) and a 1-year high of GBX 279.23 ($3.57). The company has a 50-day moving average of GBX 249.83 and a 200 day moving average of GBX 250.60. The firm has a market cap of £2.52 billion, a PE ratio of 1,460.37, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74. The company has a debt-to-equity ratio of 29.03, a current ratio of 2.04 and a quick ratio of 1.58.

Insider Buying and Selling at Man Group

In other news, insider Dixit Joshi purchased 38,183 shares of the firm’s stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of GBX 261 ($3.34) per share, with a total value of £99,657.63 ($127,357.99). In related news, insider Anne Wade acquired 12,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average cost of GBX 234 ($2.99) per share, with a total value of £28,080 ($35,884.98). Also, insider Dixit Joshi acquired 38,183 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average cost of GBX 261 ($3.34) per share, with a total value of £99,657.63 ($127,357.99). Insiders own 0.99% of the company’s stock.

Analyst Upgrades and Downgrades

EMG has been the subject of a number of research reports. Morgan Stanley upped their price objective on shares of Man Group from GBX 322 ($4.12) to GBX 324 ($4.14) and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Numis Securities reaffirmed an “add” rating and issued a GBX 300 ($3.83) price objective on shares of Man Group in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Man Group from GBX 315 ($4.03) to GBX 325 ($4.15) and gave the stock a “buy” rating in a research note on Tuesday, June 4th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 299 ($3.82) price target on shares of Man Group in a research report on Thursday, August 1st.

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.