Numis Securities reaffirmed their add rating on shares of Man Group (LON:EMG – Free Report) in a research report released on Friday, Marketbeat Ratings reports. They currently have a GBX 300 ($3.73) price target on the investment management company’s stock.
Separately, JPMorgan Chase & Co. decreased their target price on Man Group from GBX 323 ($4.02) to GBX 318 ($3.96) and set an overweight rating for the company in a research report on Tuesday, February 20th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average price target of GBX 292.67 ($3.64).
Man Group Stock Down 6.6 %
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. The ex-dividend date is Thursday, April 11th. This is an increase from Man Group’s previous dividend of $0.06. This represents a yield of 3.5%. Man Group’s payout ratio is currently 8,666.67%.
Insiders Place Their Bets
In other Man Group news, insider Antoine Forterre sold 75,484 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of GBX 249 ($3.10), for a total value of £187,955.16 ($233,978.79). 2.07% of the stock is currently owned by corporate insiders.
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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