Man Group Plc (LON:EMG) Raises Dividend to $0.15 Per Share

Man Group Plc (LON:EMG - Get Free Report) declared a dividend on Thursday, March 27th, DividendData.Co.Uk reports. Investors of record on Thursday, April 17th will be given a dividend of $0.15 per share by the investment management company on Friday, May 2nd. This represents a yield of 4.67%. The ex-dividend date is Thursday, April 17th. This is a 32.8% increase from Man Group's previous dividend of $0.12. The official announcement can be viewed at this link.

Man Group Price Performance

Shares of LON EMG traded down GBX 3.20 ($0.04) during midday trading on Friday, reaching GBX 156 ($2.07). 7,728,573 shares of the company were exchanged, compared to its average volume of 8,662,361. The stock's 50-day moving average price is GBX 196.21 and its 200-day moving average price is GBX 204.19. The stock has a market cap of £2.25 billion, a P/E ratio of 7.36, a PEG ratio of -1.15 and a beta of 0.71. The company has a quick ratio of 1.58, a current ratio of 0.99 and a debt-to-equity ratio of 27.76. Man Group has a one year low of GBX 150.40 ($2.00) and a one year high of GBX 269.20 ($3.58).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price target on shares of Man Group from GBX 247 ($3.28) to GBX 242 ($3.22) and set an "overweight" rating for the company in a research note on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Man Group currently has an average rating of "Moderate Buy" and an average price target of GBX 278 ($3.70).

Insider Activity

In other Man Group news, insider Dixit Joshi bought 46,051 shares of Man Group stock in a transaction on Thursday, February 27th. The shares were acquired at an average price of GBX 217 ($2.89) per share, for a total transaction of £99,930.67 ($132,868.86). Also, insider Robyn Grew sold 299,898 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.79), for a total transaction of £629,785.80 ($837,369.76). Company 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.