Man Group (LON:EMG) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Man Group Plc (LON:EMG)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 209.42 ($2.71) and traded as high as GBX 210.80 ($2.73). Man Group shares last traded at GBX 208.20 ($2.70), with a volume of 233,340,094 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on EMG shares. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and boosted their price objective for the stock from GBX 194 ($2.51) to GBX 272 ($3.52) in a research report on Wednesday, December 11th. Canaccord Genuity Group upgraded shares of Man Group to a “buy” rating and upped their price objective for the company from GBX 194 ($2.51) to GBX 272 ($3.52) in a research note on Wednesday, December 11th. Finally, JPMorgan Chase & Co. dropped their price objective on Man Group from GBX 247 ($3.20) to GBX 242 ($3.13) and set an “overweight” rating on the stock in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 281.67 ($3.65).

Man Group Stock Down 1.1 %

The company has a debt-to-equity ratio of 27.76, a current ratio of 0.99 and a quick ratio of 1.58. The firm’s 50 day moving average price is GBX 209.86 and its two-hundred day moving average price is GBX 209.42. The firm has a market cap of £3.01 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of -1.15 and a beta of 0.71.

Man Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 10th will be paid a $0.12 dividend. This is an increase from Man Group’s previous dividend of $0.06. This represents a dividend yield of 4.25%. The ex-dividend date is Thursday, April 10th. Man Group’s dividend payout ratio (DPR) is 61.33%.

Insider Transactions at Man Group

In other Man Group news, insider Laurie Fitch purchased 7,390 shares of the firm’s stock in a transaction that occurred 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 ($20,378.95). Also, insider Robyn Grew sold 299,898 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of GBX 210 ($2.72), for a total value of £629,785.80 ($815,362.25). 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.