Deutsche Bank Aktiengesellschaft Reaffirms Hold Rating for Man Group (LON:EMG)

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Man Group (LON:EMG) in a report issued on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 280 ($3.68) target price on the investment management company’s stock.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reiterated 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 raised 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 note on Thursday, July 18th.

Man Group Stock Down 0.8 %

Shares of Man Group stock opened at GBX 214 ($2.81) on Tuesday. The company has a current ratio of 3.23, a quick ratio of 1.58 and a debt-to-equity ratio of 29.95. The business’s 50-day moving average is GBX 235.89 and its 200 day moving average is GBX 248.71. The company has a market cap of £2.46 billion, a PE ratio of 1,070.00, a P/E/G ratio of -1.15 and a beta of 0.71.

Man Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 8th will be paid a dividend of $0.06 per share. This represents a dividend yield of 1.73%. The ex-dividend date is Thursday, August 8th. Man Group’s dividend payout ratio is presently 6,500.00%.

Insider Buying and Selling

In related news, insider Anne Wade purchased 12,000 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of GBX 234 ($3.08) per share, with a total value of £28,080 ($36,923.08). 1.00% of the stock is currently owned by insiders.

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.