Man Group (LON:EMG) Rating Reiterated by Deutsche Bank Aktiengesellschaft

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

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 299 ($3.93) price target on shares of Man Group in a research note on Thursday, August 1st. Morgan Stanley boosted their target price 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 research report on Thursday, July 18th.

Man Group Price Performance

Shares of LON EMG opened at GBX 214 ($2.81) on Tuesday. The firm has a fifty day moving average of GBX 235.89 and a two-hundred day moving average of GBX 248.71. The firm has a market cap of £2.46 billion, a PE ratio of 1,070.00, a PEG ratio of -1.15 and a beta of 0.71. The company has a debt-to-equity ratio of 29.95, a current ratio of 3.23 and a quick ratio of 1.58.

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

Insiders Place Their Bets

In related news, insider Anne Wade purchased 12,000 shares of Man Group stock in a transaction dated Friday, August 2nd. The shares were bought at an average cost 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.

Man Group Company Profile

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.