Man Group Plc (LON:EMG) Insider Dixit Joshi Purchases 38,183 Shares

Man Group Plc (LON:EMGGet Free Report) insider Dixit Joshi bought 38,183 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of GBX 261 ($3.33) per share, with a total value of £99,657.63 ($127,276.67).

Man Group Stock Up 0.9 %

EMG stock traded up GBX 2.40 ($0.03) during trading on Wednesday, hitting GBX 262.40 ($3.35). 1,047,314 shares of the company’s stock were exchanged, compared to its average volume of 3,155,139. The business has a 50-day moving average price of GBX 260.97 and a two-hundred day moving average price of GBX 241.24. The stock has a market capitalization of £3.04 billion, a price-to-earnings ratio of 1,733.33, a PEG ratio of -1.15 and a beta of 0.74. Man Group Plc has a 52-week low of GBX 200.50 ($2.56) and a 52-week high of GBX 279.23 ($3.57). 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 Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Thursday, April 11th were paid a $0.11 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a yield of 3.5%. This is a boost from Man Group’s previous dividend of $0.06. Man Group’s payout ratio is currently 8,666.67%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Man Group from GBX 323 ($4.13) to GBX 318 ($4.06) and set an “overweight” rating for the company in a research report on Tuesday, February 20th. Numis Securities reissued an “add” rating and set a GBX 300 ($3.83) price objective on shares of Man Group in a research report on Friday, April 19th.

View Our Latest Stock Report on Man Group

Man Group Company Profile

(Get Free Report)

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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