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Man Group’s CFO Acquires and Sells Shares to Cover Tax Liabilities

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Man Group’s CFO Acquires and Sells Shares to Cover Tax Liabilities

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An update from Man Group plc ( (GB:EMG) ) is now available.

Man Group plc announced that its Chief Financial Officer and Chief Operating Officer, Antoine Forterre, acquired ordinary shares through the exercise of nil cost options under the company’s incentive plans. Following the acquisition, Forterre sold a portion of the shares to cover tax liabilities, retaining a beneficial holding of 59,810 shares. This transaction, conducted on the London Stock Exchange, highlights the company’s ongoing commitment to aligning management incentives with shareholder interests.

The most recent analyst rating on (GB:EMG) stock is a Buy with a £215.00 price target. To see the full list of analyst forecasts on Man Group plc stock, see the GB:EMG Stock Forecast page.

Spark’s Take on GB:EMG Stock

According to Spark, TipRanks’ AI Analyst, GB:EMG is a Outperform.

Man Group plc’s overall stock score of 76 reflects its strong financial performance and strategic growth, particularly in AUM and credit business expansion. The stock’s reasonable valuation and high dividend yield add to its attractiveness. However, technical indicators suggest potential bearish momentum, and operational challenges in trend-following strategies and increased costs slightly temper the outlook.

To see Spark’s full report on GB:EMG stock, click here.

More about Man Group plc

Man Group plc is a global investment management firm that provides a range of alternative investment products and services. The company focuses on delivering innovative investment solutions to clients worldwide, leveraging its expertise in quantitative and discretionary investment strategies.

Average Trading Volume: 3,458,219

Technical Sentiment Signal: Sell

Current Market Cap: £1.76B

Learn more about EMG stock on TipRanks’ Stock Analysis page.

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