Man Group (LON:EMG) Hits New 52-Week Low – Here’s What Happened

Man Group Plc (LON:EMG)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 196.60 ($2.54) and last traded at GBX 196.68 ($2.54), with a volume of 1354893 shares trading hands. The stock had previously closed at GBX 198.10 ($2.56).

Analysts Set New Price Targets

A number of analysts have issued reports on EMG shares. Canaccord Genuity Group raised Man Group to a “buy” rating and raised their target price for the stock from GBX 194 ($2.51) to GBX 272 ($3.51) in a research note on Wednesday, December 11th. JPMorgan Chase & Co. reduced their target price on shares of Man Group from GBX 247 ($3.19) to GBX 242 ($3.13) and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and boosted their target price for the company from GBX 194 ($2.51) to GBX 272 ($3.51) in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 281.67 ($3.64).

Man Group Stock Performance

The firm’s fifty day moving average is GBX 209.61 and its 200-day moving average is GBX 209.32. 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 stock has a market capitalization of £2.84 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of -1.15 and a beta of 0.71.

Man Group Increases Dividend

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

Insider Activity

In related news, insider Dixit Joshi acquired 46,051 shares of the business’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of GBX 217 ($2.80) per share, with a total value of £99,930.67 ($129,109.39). Also, insider Robyn Grew sold 299,898 shares of Man Group stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of GBX 210 ($2.71), for a total value of £629,785.80 ($813,676.74). Insiders own 0.95% of the company’s stock.

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.