Man Group (LON:EMG) Given New GBX 242 Price Target at JPMorgan Chase & Co.

Man Group (LON:EMG - Free Report) had its price objective cut by JPMorgan Chase & Co. from GBX 247 ($3.19) to GBX 242 ($3.13) in a report issued on Thursday morning, MarketBeat reports. They currently have an overweight rating on the investment management company's stock.

A number of other equities research analysts also recently weighed in on EMG. Canaccord Genuity Group raised shares of Man Group to a "buy" rating and boosted their price objective for the company from GBX 194 ($2.51) to GBX 272 ($3.51) in a research report on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a "buy" rating and boosted their price objective for the stock from GBX 194 ($2.51) to GBX 272 ($3.51) in a research report on Wednesday, December 11th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 281.67 ($3.64).

Man Group Stock Performance

EMG traded up GBX 1 ($0.01) during trading hours on Thursday, hitting GBX 208.80 ($2.70). 1,611,350 shares of the stock were exchanged, compared to its average volume of 10,002,136. The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. Man Group has a 12 month low of GBX 196.87 ($2.54) and a 12 month high of GBX 279.23 ($3.61). The stock has a 50-day simple moving average of GBX 209.53 and a 200-day simple moving average of GBX 209.40. The stock has a market cap of £3.01 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

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Man Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Thursday, April 10th will be given a dividend of $0.12 per share. The ex-dividend date is Thursday, April 10th. This is a positive change from Man Group's previous dividend of $0.06. This represents a dividend yield of 4.25%. Man Group's payout ratio is 61.33%.

Insider Buying and Selling at Man Group

In other Man Group news, insider Dixit Joshi purchased 46,051 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of GBX 217 ($2.80) per share, for a total transaction of £99,930.67 ($129,126.08). Also, insider Robyn Grew sold 299,898 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.71), for a total value of £629,785.80 ($813,781.88). Insiders own 0.95% of the company's stock.

About Man Group

With a heritage in aiming to deliver attractive performance and tailored client solutions, Man Group is a highly active investment manager, powered by cutting edge investment technology. As a manager of millions of savers' capital, we have a responsibility as stewards of those investments to create a better, more sustainable future for investors and society.