JPMorgan Chase & Co. reiterated their overweight rating on shares of Man Group (LON:EMG – Free Report) in a report released on Thursday morning, MarketBeat reports. They currently have a GBX 299 ($3.85) target price on the investment management company’s stock.
EMG has been the topic of a number of other research reports. Numis Securities reissued an add rating and set a GBX 300 ($3.86) price objective on shares of Man Group in a report on Friday, April 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Man Group from GBX 315 ($4.05) to GBX 325 ($4.18) and gave the company a buy rating in a research note on Tuesday, June 4th. Finally, Morgan Stanley raised their price target on shares of Man Group from GBX 322 ($4.14) to GBX 324 ($4.17) and gave the company an equal weight rating in a report on Thursday, July 18th.
Read Our Latest Report on Man Group
Man Group Price Performance
Man Group Cuts Dividend
The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 8th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 8th. This represents a yield of 1.73%. Man Group’s payout ratio is presently 8,666.67%.
Insider Transactions at Man Group
In other Man Group news, insider Anne Wade acquired 12,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of GBX 234 ($3.01) per share, for a total transaction of £28,080 ($36,120.40). In related news, insider Anne Wade acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of GBX 234 ($3.01) per share, for a total transaction of £28,080 ($36,120.40). Also, insider Dixit Joshi bought 38,183 shares of the business’s stock in a transaction on Tuesday, May 28th. The stock was bought at an average cost of GBX 261 ($3.36) per share, for a total transaction of £99,657.63 ($128,193.50). 0.99% of the stock is owned by corporate insiders.
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.
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