Insider Selling: Man Group (LON:EMG) Insider Sells 500,000 Shares of Stock

Man Group Plc (LON:EMG) insider Antoine Forterre sold 500,000 shares of the business’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of GBX 307, for a total transaction of £1,535,000.

Man Group Stock Up 0.3%

Man Group stock traded up GBX 1.04 during mid-day trading on Wednesday, reaching GBX 307.44. The company’s stock had a trading volume of 9,249,302 shares, compared to its average volume of 18,410,066. The business’s 50 day simple moving average is GBX 293.07 and its 200 day simple moving average is GBX 272.07. The company has a debt-to-equity ratio of 18.04, a quick ratio of 1.58 and a current ratio of 0.95. Man Group Plc has a 12 month low of GBX 154.25 and a 12 month high of GBX 327.20. The company has a market capitalization of £3.43 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of -1.15 and a beta of 0.64.

Key Headlines Impacting Man Group

Here are the key news stories impacting Man Group this week:

• Positive Sentiment: Record assets under management: Man Group reported record AUM of $253.6 billion, suggesting strong client demand, investment performance and fee-earning potential. Man Group reports record assets under management of $253.6 billion
• Positive Sentiment: Broad-based strength highlighted: Commentary from the company’s second-quarter earnings call pointed to broad-based business strength, reinforcing the view that growth is not dependent on a single strategy or market segment. Man Group plc Earnings Call Signals Broad-Based Strength
• Positive Sentiment: Ongoing share buybacks: Continued repurchases are tightening the free float and could support earnings per share and shareholder returns by reducing the number of shares outstanding. Man Group Tightens Free Float With Continued Share Buybacks
• Positive Sentiment: Jefferies remains bullish: Jefferies reaffirmed its “buy” rating and set a GBX 345 price target, implying further upside from recent trading levels. Broker rating updates
• Neutral Sentiment: Mixed analyst stance: Deutsche Bank raised its target from GBX 310 to GBX 330 while retaining a “hold” rating, and Citi increased its target from GBX 325 to GBX 335 but kept a “neutral” rating. The higher targets are supportive, although the recommendations signal that valuation and execution risks remain considerations. Broker rating updates

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on Man Group from GBX 310 to GBX 330 and gave the stock a “hold” rating in a report on Wednesday. Citigroup upped their price objective on shares of Man Group from GBX 325 to GBX 335 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 345 target price on shares of Man Group in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Man Group has a consensus rating of “Hold” and an average target price of GBX 304.75.

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. Our quantitative expertise and data-driven culture means we believe Man Group is in a unique position to uncover the opportunities of the future.
Our five investment management businesses leverage our robust infrastructure to provide a diverse range of strategies across investment approaches, styles and asset classes.
We continuously invest in talent, technology and research as we strive to deliver the best results for our clients.