Man Group Plc (LON:EMG - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 203.80 ($2.65) and last traded at GBX 205 ($2.66), with a volume of 7513766 shares traded. The stock had previously closed at GBX 209.40 ($2.72).
Wall Street Analysts Forecast Growth
EMG has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 299 ($3.88) price target on shares of Man Group in a research note on Thursday, August 1st. Morgan Stanley boosted their price target on Man Group from GBX 322 ($4.18) to GBX 324 ($4.21) and gave the stock an "equal weight" rating in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 280 ($3.64) price target on shares of Man Group in a research note on Tuesday, September 3rd.
Get Our Latest Stock Report on EMG
Man Group Price Performance
The company has a debt-to-equity ratio of 29.95, a quick ratio of 1.58 and a current ratio of 3.23. The stock has a market capitalization of £2.34 billion, a price-to-earnings ratio of 1,019.35, a P/E/G ratio of -1.15 and a beta of 0.71. The company has a 50-day moving average of GBX 216.01 and a 200-day moving average of GBX 239.06.
Man Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, September 20th. Investors of record on Thursday, August 8th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, August 8th. This represents a dividend yield of 1.73%. Man Group's dividend payout ratio is currently 6,500.00%.
Insider Buying and Selling
In other Man Group news, insider Antoine Forterre sold 49,158 shares of the business's stock in a transaction on Thursday, September 12th. The stock was sold at an average price of GBX 212 ($2.75), for a total value of £104,214.96 ($135,308.96). In related news, insider Anne Wade acquired 12,000 shares of the stock in a transaction dated Friday, August 2nd. The stock was bought at an average cost of GBX 234 ($3.04) per share, with a total value of £28,080 ($36,458.06). Also, insider Antoine Forterre sold 49,158 shares of the business's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of GBX 212 ($2.75), for a total transaction of £104,214.96 ($135,308.96). Insiders own 0.95% of the company's stock.
Man Group Company Profile
(
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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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