Man Group Plc (LON:EMG) Raises Dividend to $0.12 Per Share

Man Group Plc (LON:EMG - Get Free Report) declared a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 10th will be given a dividend of $0.12 per share by the investment management company on Wednesday, May 21st. This represents a dividend yield of 4.25%. The ex-dividend date is Thursday, April 10th. This is a 107.1% increase from Man Group's previous dividend of $0.06. The official announcement can be accessed at this link.

Man Group Price Performance

EMG traded down GBX 4.30 ($0.06) during trading on Friday, hitting GBX 156.50 ($2.05). 2,980,442 shares of the company traded hands, compared to its average volume of 8,880,590. The company has a current ratio of 0.99, a quick ratio of 1.58 and a debt-to-equity ratio of 27.76. The company has a market cap of £2.26 billion, a PE ratio of 7.38, a P/E/G ratio of -1.15 and a beta of 0.71. The stock's 50-day simple moving average is GBX 201.44 and its two-hundred day simple moving average is GBX 206.15. Man Group has a 1 year low of GBX 155.90 ($2.04) and a 1 year high of GBX 271.60 ($3.55).

Insider Buying and Selling at Man Group

In other news, insider Dixit Joshi bought 46,051 shares of Man Group stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of GBX 217 ($2.84) per share, with a total value of £99,930.67 ($130,747.97). Also, insider Robyn Grew sold 299,898 shares of Man Group stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.75), for a total transaction of £629,785.80 ($824,003.40). Company insiders own 0.95% of the company's stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on Man Group from GBX 247 ($3.23) to GBX 242 ($3.17) and set an "overweight" rating on the stock in a report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 281.67 ($3.69).

Man Group Company Profile

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.