Man Group Plc Announces Dividend of $0.06 (LON:EMG)

Man Group Plc (LON:EMG) declared a dividend on Friday, July 26th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 8th will be given a dividend of $0.06 per share by the investment management company on Friday, September 20th. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, August 8th. The official announcement can be viewed at this link.

Man Group Stock Performance

LON:EMG opened at GBX 254.74 ($3.29) on Friday. Man Group has a twelve month low of GBX 200.50 ($2.59) and a twelve month high of GBX 279.23 ($3.61). The company has a quick ratio of 1.58, a current ratio of 2.04 and a debt-to-equity ratio of 29.03. The stock has a market cap of £2.96 billion, a P/E ratio of 1,672.00, a PEG ratio of -1.15 and a beta of 0.74. The business’s 50-day moving average price is GBX 252.92 and its two-hundred day moving average price is GBX 249.49.

Insider Buying and Selling

In related news, insider Dixit Joshi acquired 38,183 shares of the stock in a transaction on Tuesday, May 28th. The stock was purchased at an average price of GBX 261 ($3.38) per share, for a total transaction of £99,657.63 ($128,889.85). 0.99% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft increased their price objective on Man Group from GBX 315 ($4.07) to GBX 325 ($4.20) and gave the company a “buy” rating in a research report on Tuesday, June 4th. Numis Securities reaffirmed an “add” rating and issued a GBX 300 ($3.88) price objective on shares of Man Group in a research note on Friday, April 19th. Finally, Morgan Stanley lifted their target price on shares of Man Group from GBX 322 ($4.16) to GBX 324 ($4.19) and gave the stock an “equal weight” rating in a research report on Thursday, July 18th.

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.