Man Group’s (EMG) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Man Group (LON:EMG) in a report published on Tuesday morning, MarketBeat reports. They currently have a GBX 280 ($3.68) price objective on the investment management company’s stock.

Several other analysts have also recently issued reports on the stock. Morgan Stanley upped their price target on shares of Man Group from GBX 322 ($4.23) to GBX 324 ($4.26) and gave the company an equal weight rating in a report on Thursday, July 18th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 299 ($3.93) target price on shares of Man Group in a research note on Thursday, August 1st.

Man Group Price Performance

EMG stock opened at GBX 207.60 ($2.73) on Tuesday. The stock’s 50 day moving average is GBX 235.21 and its two-hundred day moving average is GBX 248.50. Man Group has a 52-week low of GBX 202 ($2.66) and a 52-week high of GBX 279.23 ($3.67). The company has a market capitalization of £2.39 billion, a PE ratio of 1,038.00, 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 3.23 and a debt-to-equity ratio of 29.95.

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 issued a dividend of $0.06 per share. The ex-dividend date is Thursday, August 8th. This represents a dividend yield of 1.73%. Man Group’s dividend payout ratio (DPR) is 6,500.00%.

Insider Transactions at Man Group

In other Man Group news, insider Anne Wade acquired 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The shares were purchased at an average price of GBX 234 ($3.08) per share, for a total transaction of £28,080 ($36,923.08). Insiders own 1.00% of the company’s stock.

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.