Man Group (LON:EMG) Stock Crosses Above 200-Day Moving Average of $234.14

Man Group Plc (LON:EMG) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 234.14 ($2.91) and traded as high as GBX 269.20 ($3.35). Man Group shares last traded at GBX 268.60 ($3.34), with a volume of 2,411,784 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EMG. Numis Securities upgraded shares of Man Group to a “buy” rating and set a GBX 315 ($3.92) price target on the stock in a research note on Thursday, March 7th. JPMorgan Chase & Co. cut 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 note on Tuesday, February 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Man Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 297.67 ($3.71).

Man Group Stock Down 4.8 %

The business has a 50-day simple moving average of GBX 253.59 and a 200-day simple moving average of GBX 234.14. The company has a debt-to-equity ratio of 29.03, a quick ratio of 1.58 and a current ratio of 2.04. The company has a market cap of £2.99 billion, a price-to-earnings ratio of 1,790.67, a price-to-earnings-growth ratio of -1.15 and a beta of 0.74.

Man Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 22nd. Investors of record on Thursday, April 11th will be issued a $0.11 dividend. This is a boost from Man Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 11th. This represents a yield of 3.5%. Man Group’s dividend payout ratio (DPR) is 8,666.67%.

Insiders Place Their Bets

In other Man Group news, insider Antoine Forterre sold 75,484 shares of the stock in a transaction that occurred on 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 company 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.