Man Group (LON:EMG) Price Target Cut to GBX 242 by Analysts at JPMorgan Chase & Co.

Man Group (LON:EMG) had its target price decreased by JPMorgan Chase & Co. from GBX 247 ($3.20) to GBX 242 ($3.14) in a report issued on Thursday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the investment management company’s stock.

Several other analysts also recently issued reports on the company. Canaccord Genuity Group upgraded Man Group to a “buy” rating and increased their price target for the company from GBX 194 ($2.52) to GBX 272 ($3.53) in a report on Wednesday, December 11th. Canaccord Genuity Group upgraded Man Group to a “buy” rating and increased their target price for the company from GBX 194 ($2.52) to GBX 272 ($3.53) in a research note on Wednesday, December 11th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 281.67 ($3.65).

Man Group Price Performance

EMG opened at GBX 208.40 ($2.70) on Thursday. Man Group has a 52-week low of GBX 196.87 ($2.55) and a 52-week high of GBX 279.23 ($3.62). The company has a 50 day moving average of GBX 209.41 and a two-hundred day moving average of GBX 209.61. The company has a market cap of £3.01 billion, a P/E ratio of 9.83, a P/E/G 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 Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 10th will be paid a $0.12 dividend. This is a boost from Man Group’s previous dividend of $0.06. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 4.25%. Man Group’s payout ratio is 61.33%.

Insider Buying and Selling at Man Group

In related news, insider Laurie Fitch acquired 7,390 shares of Man Group stock in a transaction on Tuesday, December 31st. The shares were purchased at an average cost of GBX 213 ($2.76) per share, for a total transaction of £15,740.70 ($20,410.66). Also, insider Robyn Grew sold 299,898 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.72), for a total transaction of £629,785.80 ($816,630.96). 0.95% of the stock is owned by insiders.

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.