Recent Insider Transactions • Aug 04
COO, CFO & Executive Director recently sold €1.8m worth of stock On the 28th of July, Antoine Hubert Joseph Forterre sold around 500k shares on-market at roughly €3.58 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Antoine Hubert Joseph has been a net seller over the last 12 months, reducing personal holdings by €1.9m. Declared Dividend • Jul 30
First half dividend of US$0.057 announced Shareholders will receive a dividend of US$0.057. Ex-date: 6th August 2026 Payment date: 18th September 2026 Dividend yield will be 4.3%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 5.4% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 59% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 28
First half 2026 earnings released: EPS: US$0.18 (vs US$0.044 in 1H 2025) First half 2026 results: EPS: US$0.18 (up from US$0.044 in 1H 2025). Revenue: US$892.0m (up 48% from 1H 2025). Net income: US$201.0m (up 294% from 1H 2025). Profit margin: 23% (up from 8.4% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.7% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Annonce • Jul 28
Man Group plc Declares Interim Dividend, Payable on 18 September 2026 Man Group Plc declared an interim dividend of 5.7¢ per share (30 June 2025: 5.7¢). Company will fix and announce the US dollar to sterling dividend currency conversion rate on 28 August 2026, in advance of payment. Ex-dividend date is 06 August 2026. Record date is 07 August 2026. Payment date is 18 September 2026. Board Change • May 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Non-executive Director Colin Bell was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • May 07
Man Group Plc to Report First Half, 2026 Results on Jul 28, 2026 Man Group Plc announced that they will report first half, 2026 results on Jul 28, 2026 Annonce • Dec 05
Man Group plc Announces Board and Committee Changes Man Group plc announced that Laurie Fitch will succeed Richard Berliand as Senior Independent Director (SID) in first quarter of 2026. The appointment follows a robust and rigorous process undertaken by the Nomination and Governance Committee and Board. Laurie Fitch joined the Board as a Non-Executive Director in June 2023 and became Chair of the Remuneration Committee in September 2023. She is also a member of the Audit and Risk Committee and Nomination and Governance Committee. The Company had previously disclosed that Richard Berliand intended to step down from the Board in fourth quarter of 2025. However, he has agreed to continue as a Non-executive Director and as SID until First Quarter 2026 in light of specific circumstances relating to the timing of Laurie's appointment. Unfortunately, Laurie Fitch has experienced a short-term, but acute health condition since early October 2025. She has continued to fully discharge her duties as a director during this time and is expected to make a full recovery over the next few months. As a precaution, and to ensure that Laurie is well positioned to take on the SID role, the Board has asked Richard to remain as a Non-executive Director and as SID until first quarter of 2026. As Richard has been a Non-executive Director of the Company for over nine years, the Board has rigorously reviewed his independence and role, taking account of the provisions of the UK Corporate Governance Code, and is fully satisfied that he remains independent in character and judgement. The Company will confirm the date on which Laurie is appointed as SID and Richard's departure date in due course. Annonce • Nov 05
Man Group Plc to Report Fiscal Year 2025 Results on Feb 26, 2026 Man Group Plc announced that they will report fiscal year 2025 results on Feb 26, 2026 Annonce • Jul 31
Man Group plc Declares an Interim Dividend, Payable September 19 , 2025 Man Group Plc declared an interim dividend of 5.7cents per share (30 June 2024: 5.6cents). We will fix and announce the US dollar to sterling dividend currency conversion rate on 29 August 2025, in advance of payment. Ex-dividend date: 7 August 2025. Record date: 8 August 2025. Final election date for Dividend Reinvestment Plan (DRIP): 22 August 2025. Sterling conversion date: 29 August 2025. Payment date: 19 September 2025. Annonce • Jul 18
Man Group plc Appoints Antoine Forterre as Chief Operating Officer, Effective September 30, 2025 Man Group Plc announced that Antoine Forterre, Chief Financial Officer, will also take on responsibility for Central Trading and Execution, and Fund Treasury with effect from 30 September 2025, and will therefore assume the title of Chief Financial Officer and Chief Operating Officer. Annonce • May 12
Man Group Reportedly in Talks to Acquire Credit Firm Bardin Hill Man Group Plc (LSE:EMG) is in discussions to acquire credit firm Bardin Hill Investment Partners LP, according to people with knowledge of the matter. A deal could be signed as soon as this month, said the people, who asked not to be identified discussing private information. Representatives for Man Group and Bardin Hill declined to comment. Higher rates, the banking industry’s retreat from lending and the opportunity for lucrative fees are attracting a raft of money managers into the $1.6 trillion private credit market, helping transform it into a mainstream offering. New York-based Bardin Hill specializes in middle-market, special situations and broadly syndicated credit. It managed $3.3 billion in assets as of Feb. 28, according to its website. Talks could still be delayed or fall apart, the people said. Annonce • May 09
Man Group plc Announces Dividend Declaration for the Year Ended 31 December 2024, Payable on 21 May 2025 Man Group plc announced a final dividend for the year ending 31 December 2024 of 11.6 cents per ordinary share on 27 February 2025 and communicated that the corresponding amount in pence sterling per ordinary share would be announced on 9 May 2025. The pence sterling amount payable in respect of the final dividend has been determined with reference to the average of the market exchange rates on the three working days commencing 6 May 2025, resulting in an applicable exchange rate of £1:USD 1.3351.Accordingly, the pence sterling amount payable to shareholders in relation to the final dividend will be 8.69 pence sterling per ordinary share. The final dividend will be paid on 21 May 2025 to shareholders on the register at the close of business on 11 April 2025. Annonce • Mar 01
Man Group Plc Recommends Final Dividend for the Year Ended 31 December 2024, Payable on 21 May 2025 Man Group Plc recommended final dividend of 11.6 cents, resulting in a total dividend for the year ended 31 December 2024 of 17.2 cents (2023: 16.3 cents). Ex-dividend date is 10 April 2025. Record date is 11 April 2025. Payment date is 21 May 2025. Annonce • Feb 28
Man Group Plc (LSE:EMG) announces an Equity Buyback for $100 million worth of its shares. Man Group Plc (LSE:EMG) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of shares. The purpose of the program is to reduce the share capital of the Company and to enable the Company to meet obligations arising from employee share option programs, or other allocations of shares to employees of the Company or to members of the administrative, management or supervisory bodies of the Company, or an associate of the Company. The repurchase program is valid till March 3, 2026. Annonce • Feb 27
Man Group Plc, Annual General Meeting, May 09, 2025 Man Group Plc, Annual General Meeting, May 09, 2025. Location: riverbank house, 2 swan lane, ec4r 3ad, london United Kingdom Annonce • Sep 04
Man Group Plc Appoints Paco Ybarra as A Non-Executive Director, with Effect from 6 September 2024 Man Group plc announced, in accordance with Listing Rule 6.4.6 the appointment of Paco Ybarra as a non-executive director of the Company with effect from 6 September 2024. He will also join the Nomination and Governance Committee on the same date. Paco spent 36 years at Citigroup ("Citi") leading a range of regional and global markets businesses, latterly as CEO of the Institutional Client Group, which represents over 65% of Citi's global revenues. He retired in June of 2024. After spending five years leading Citi's Fixed Income division, Paco was promoted to Global Head of Markets and Securities Services in 2011 and broadened his asset-class exposure by leading businesses across both Equities and Commodities. He spent the last five years of his Citi career on the Group Executive Committee, running the Institutional Client Group, which alongside the Markets business, also included Commercial and Transactional Banking as well as, for a period, Wealth Management. Paco has been immersed in the development of markets technology over the past 10 years, including partnering with technology teams at Citi to undertake projects focused on the electronification of trading; building new systems to lower transaction costs and increase market efficiencies. Annonce • Sep 03
Man Group Announces Executive Changes Man Group announced the appointment of Lee Matthews as Managing Director, Head of Retail Sales for the UK. Lee replaces Richard Phillips, who is retiring after 27 years with the firm. Richard worked at Societe Generale Asset Management prior to its acquisition by GLG, which was later acquired by Man Group in 2010. Lee joins Man Group from AllianceBernstein where he spent seven years as Head of Retail for the UK and Ireland. He previously worked at Aberdeen Standard Investments, where he was Senior Business Development Manager - Discretionary. Earlier in his career Lee held distribution roles at Liontrust Asset Management, Scottish Widows Investment Partnership and J.P. Morgan Asset Management. Annonce • Aug 10
Man Group Plc Announces Appointment of Bernd Kerner as Investment Director for Its European Private Debt Team Man Group Plc announced appointment of Bernd Kerner as Investment Director for its European private debt team at Man Global Private Markets. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €2.60, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 21% over the past three years. Declared Dividend • Jul 29
First half dividend of US$0.056 announced Shareholders will receive a dividend of US$0.056. Ex-date: 8th August 2024 Payment date: 20th September 2024 Dividend yield will be 5.2%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 77% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 28
First half 2024 earnings released: EPS: US$0.14 (vs US$0.07 in 1H 2023) First half 2024 results: EPS: US$0.14 (up from US$0.07 in 1H 2023). Revenue: US$733.0m (up 45% from 1H 2023). Net income: US$164.0m (up 98% from 1H 2023). Profit margin: 22% (up from 16% in 1H 2023). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Annonce • Jul 26
Man Group plc Declares Interim Dividend for the Six Months Ended 30 June 2024, Payable on 20 September 2024 Man Group Plc declared an interim dividend for the six months ended 30 June 2024 of 5.6 cents per share (30 June 2023: 5.6 cents per share). The dividend will be payable on 20 September 2024 with ex-dividend date of 8 August 2024 and Record date of 9 August 2024. Board Change • Jun 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Director Dixit Joshi was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • May 09
Man Group plc Announces Board Changes Man Group Plc announced the appointment of Dixit Joshi and Sarah Legg as non-executive directors of the Company and as members of the Audit and Risk Committee and Nomination and Governance Committee with effect from 10 May 2024. Most recently Dixit was Chief Financial Officer at Credit Suisse from October 2022 until the sale of Credit Suisse to UBS. Prior to this, Dixit was at Deutsche Bank from 2010 to 2022 where he held a wide range of senior roles including Group Treasurer, Head of the Fixed Income Institutional Client Group, Global Head of Prime Finance, Head of Equities for EMEA and for Asia Pacific. Before joining Deutsche Bank, Dixit was at Barclays Capital from 2003 to 2010 where he was Head of Equity-Linked-Products and Head of Equities, EMEA and APAC. Dixit was previously a board director of ISDA (the International Swaps and Derivatives Association). He is a trustee of the Student Sponsorship Programme in South Africa which is focused on creating educational opportunities for children from low-income families. He is also a board member of Pratham UK, one of the largest non-governmental organizations in India's education sector. Sarah spent her executive career at HSBC in a range of finance leadership roles, including Chief Financial Officer, Asia Pacific (2010 - 2015) and Group Financial Controller (2015-2019). She also spent eight years as a non-executive director on the board of Hang Seng Bank Limited, a Hong Kong listed bank. Sarah is currently an independent non-executive director at Lloyds Banking Group plc (since 2019) where she is Chair of the Audit Committee and a member of its Risk Committee and Responsible Business Committee. She is also an independent non-executive director of Severn Trent plc (since 2022) where she is Chair of the Audit and Risk Committee and a member of the Corporate Sustainability Committee, Nominations Committee and Treasury Committee. Sarah also chairs the Campaign Advisory Board, is a member of the Development Committee, King's College, Cambridge University, a board member of the Audit Committee Chairs' Independent Forum and a trustee of the Lloyds Bank Foundation for England and Wales. Lucinda Bell who has been a non-executive director of the Company since February 2020 and Chair of the Audit and Risk Committee since May 2020 will join the Remuneration Committee with immediate effect. Annonce • Apr 20
Man Group Plc to Report First Half, 2024 Results on Jul 30, 2024 Man Group Plc announced that they will report first half, 2024 results on Jul 30, 2024 Upcoming Dividend • Apr 04
Upcoming dividend of US$0.11 per share Eligible shareholders must have bought the stock before 11 April 2024. Payment date: 22 May 2024. Payout ratio is on the higher end at 82%, however this is supported by cash flows. Trailing yield: 4.7%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (2.8%). Annonce • Mar 14
Man Group Plc Appoints Pedro Videira as Managing Director and Head of Portfolio Engineering Man Group Plc announced that Pedro Videira e Castro has left Blackrock, where he has been since starting his career almost 13 years ago, to join Man Group as a Managing Director and Head of Portfolio Engineering. Annonce • Mar 09
Man Group Plc, Annual General Meeting, May 09, 2024 Man Group Plc, Annual General Meeting, May 09, 2024, at 09:00 Coordinated Universal Time. Location: Riverbank House, 2 Swan Lane, London EC4R 3AD London United Kingdom Agenda: To consider receipt of the Annual Report and the financial statements for the year ended 31 December 2023; to consider approval of the Directors' Remuneration report for the year ended 31 December 2023; to consider declaration of a final dividend for the year ended 31 December 2023; and to transact such other business matters. Annonce • Mar 05
Man Group Plc (LSE:EMG) announces an Equity Buyback for £50 million worth of its shares. Man Group Plc (LSE:EMG) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of shares. The purpose of the program is to distribute capital to shareholders while maintaining a prudent balance sheet after taking into account required capital and potential strategic opportunities, reduce the share capital of the company and to enable the Company to meet obligations arising from employee share option programs, or other allocations of shares to employees of the Company or to members of the administrative, management or supervisory bodies of the company, or an associate of the Company. The repurchase program is valid till March 3, 2025. Declared Dividend • Mar 03
Final dividend of US$0.11 announced Shareholders will receive a dividend of US$0.11. Ex-date: 11th April 2024 Payment date: 22nd May 2024 Dividend yield will be 5.6%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (63% cash payout ratio). The dividend has increased over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 95% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Mar 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 37% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (20% net profit margin). Reported Earnings • Mar 01
Full year 2023 earnings released: EPS: US$0.20 (vs US$0.47 in FY 2022) Full year 2023 results: EPS: US$0.20 (down from US$0.47 in FY 2022). Revenue: US$1.17b (down 33% from FY 2022). Net income: US$234.0m (down 62% from FY 2022). Profit margin: 20% (down from 35% in FY 2022). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Capital Markets industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Annonce • Feb 29
Man Group plc Recommends Final Dividend for the Financial Year Ended 31 December 2023, Payable on 22 May 2024 Man Group Plc recommended a final dividend of 10.7¢ per share for the financial year ended 31 December 2023, resulting in a total dividend of 16.3 cents per share for the year. This is in addition to the $125 million share buyback programme announced in 2023, and the intention to repurchase a further $50 million of shares. Ex-dividend date 11 April 2024, Record date is 12 April 2024 and payment date is 22 May 2024. Annonce • Jan 05
Man Group plc Announces Alberto Musalem Will Step Down from the Board and as A Member of the Remuneration Committee, Audit and Risk Committee and Nomination and Governance Committee on 29 February 2024 Man Group plc announced that, Alberto Musalem will step down from the Board and as a member of the Remuneration Committee, Audit and Risk Committee and Nomination and Governance Committee on 29 February 2024. This follows the announcement that Alberto will be appointed as the next President and Chief Executive Officer of the Federal Reserve Bank of St. Louis with effect from 2 April 2024. Annonce • Nov 21
Man Group Plc to Report Fiscal Year 2023 Results on Feb 29, 2024 Man Group Plc announced that they will report fiscal year 2023 results on Feb 29, 2024 Annonce • Nov 01
Man Group Plc (LSE:EMG) acquired 51% stake in Asteria Obviam from Fideuram - Intesa Sanpaolo Private Banking S.p.A. Man Group Plc (LSE:EMG) agreed to acquire 51% stake in Asteria Obviam from Fideuram - Intesa Sanpaolo Private Banking S.p.A. on June 29, 2023. While 49% will remain to Fideuram – Intesa Sanpaolo Private Banking. The team at Asteria has a track record of developing innovative solutions for the wealth management space and already has three funds with sustainable investment objectives. The transaction is subject to customary regulatory approvals – is expected to be completed by the end of 2023 and will not have any impact on F-ISPB’s existing partnerships and inhouse product manufacturing capabilities.Man Group Plc (LSE:EMG) completed the acquisition of 51% stake in Asteria Obviam from Fideuram - Intesa Sanpaolo Private Banking S.p.A. on October 31, 2023. The regulatory approvals have been obtained. Annonce • Sep 14
Man Group plc Announces Directorate Change Further to the announcement released on 28 February 2023, Man Group plc (the "Company") announced that: John Cryan, who has served as a director of the Company since January 2015 and as Chair of the Board since January 2020, will retire from the Board on 30 September 2023; Anne Wade, who has served on the Board as a non-executive director and as Chair of the Remuneration Committee since April 2020, will be appointed as Chair of the Board on 1 October 2023 and will step down as Chair of the Remuneration Committee on this date. The Company also announces that with effect from 1 October 2023: Laurie Fitch, who joined the Board on 25 August 2023, will be appointed as Chair of the Remuneration Committee and as a member of the Nomination Committee; Ceci Kurzman, who has served on the Board as a non-executive director since February 2020, will be appointed as a member of the Remuneration Committee and Nomination Committee; and Alberto Musalem, who has served on the Board as a non-executive director since November 2022, will also be appointed as a member of the Nomination Committee. Annonce • Sep 08
Man Group Plc (LSE:EMG) acquired controlling interest in Varagon Capital Partners from Aflac Global Investments and American General Life Insurance Company, Corebridge Financial, Inc. (NYSE:CRBG) and former members of Varagon's management team. Man Group Plc (LSE:EMG) entered into an agreement to acquire controlling interest in Varagon Capital Partners from Aflac Global Investments and American General Life Insurance Company, Corebridge Financial, Inc. (NYSE:CRBG) and former members of Varagon's management team for approximately $180 million on July 6, 2023. The transaction is subject to regulatory approvals and is expected to complete in Q3 2023. Wells Fargo Securities, LLC acted as financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to Man Group Plc (LSE:EMG). Rothschild & Co US Inc. acted as financial advisor and Michael Davis, Ajay B. Lele, Adam Kaminsky, Kevin A. Brown, Leor Landa, Jennifer Grant Cooper, David H. Schnabel and Aliza Slansky of Davis Polk & Wardwell LLP acted as legal advisor to Varagon Capital Partners.
Man Group Plc (LSE:EMG) acquired controlling interest in Varagon Capital Partners from Aflac Global Investments and American General Life Insurance Company, Corebridge Financial, Inc. (NYSE:CRBG) and former members of Varagon's management team on September 7, 2023. Man Group plc confirms that all necessary regulatory approvals have now been received and the acquisition. Annonce • Aug 26
Man Group plc Announces Appointment of Laurie Fitch as A Non-Executive Director of the Company and as A Member of the Audit & Risk Committee and Remuneration Committee Man Group Plc announced the appointment of Laurie Fitch as a non-executive director of the Company and as a member of the Audit & Risk Committee and Remuneration Committee with effect from 25 August 2023. It is intended that Laurie will be appointed as Chair of the Remuneration Committee when Anne Wade steps down from this role upon her appointment as Chair of the Man Group Board following John Cryan's departure later in the year. Laurie's background spans asset management and investment banking, with extensive experience in both capital markets and M&A. She is currently a partner in the Strategic Advisory Group of the investment banking firm, PJT Partners. Prior to this, Laurie spent four years in the Global Power and Global Industrials groups at Morgan Stanley, most recently as Head of the Global Industrials Group in Europe. Before that, she spent the majority of her career as an Analyst and Portfolio Manager at Artisan Partners and TIAA-CREF. She was a non-executive director of EnQuest PLC from 2018 - 2021 where she served as a member and, subsequently Chair, of the Remuneration Committee and as a member of the Risk Committee. Laurie currently serves on the Board of EDP (Energias de Portugal), the Portuguese listed utility company and one of the larger renewables developers, where she is a member of the Corporate Governance and Sustainability Committee and the US Business Affairs Monitoring Committee. She is a Trustee of the American University in Cairo, a co-opted member of the Audit Committee and the Finance & Operations Committee of the Tate Board of Trustees, and the Chair of Georgetown University's Center for Contemporary Arab Studies' Advisory Board. Reported Earnings • Aug 02
First half 2023 earnings released: EPS: US$0.07 (vs US$0.23 in 1H 2022) First half 2023 results: EPS: US$0.07 (down from US$0.23 in 1H 2022). Revenue: US$506.0m (down 43% from 1H 2022). Net income: US$83.0m (down 73% from 1H 2022). Profit margin: 16% (down from 35% in 1H 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Annonce • Aug 02
Man Group plc Declares Interim Dividend for the Six Months Ended 30 June 2023, Payable on 22 September 2023 Man Group Plc declares an interim dividend of 5.6 cents per share for the six months ended 30 June 2023 +(30 June 2022: 5.6 cents), payable on 22 September 2023. Ex-dividend date 10 August 2023 and Record date is 11 August 2023. Annonce • Jul 07
Man Group Plc (LSE:EMG) entered into an agreement to acquire Varagon Capital Partners from Aflac Global Investments and American General Life Insurance Company for approximately $180 million. Man Group Plc (LSE:EMG) entered into an agreement to acquire controlling interest in Varagon Capital Partners from Aflac Global Investments and American General Life Insurance Company, Corebridge Financial, Inc. (NYSE:CRBG) and former members of Varagon's management team for approximately $180 million on July 6, 2023. The transaction is subject to regulatory approvals and is expected to complete in Q3 2023. Wells Fargo Securities, LLC acted as financial advisor and Willkie Farr & Gallagher LLP acted as legal advisor to Man Group Plc (LSE:EMG). Rothschild & Co US Inc. acted as financial advisor and Michael Davis, Ajay B. Lele, Adam Kaminsky, Kevin A. Brown, Leor Landa, Jennifer Grant Cooper, David H. Schnabel and Aliza Slansky of Davis Polk & Wardwell LLP acted as legal advisor to Varagon Capital Partners. Annonce • Jul 01
Man Group Plc (LSE:EMG) agreed to acquire 51% stake in Asteria Obviam from Fideuram - Intesa Sanpaolo Private Banking S.p.A. Man Group Plc (LSE:EMG) agreed to acquire 51% stake in Asteria Obviam from Fideuram - Intesa Sanpaolo Private Banking S.p.A. on June 29, 2023. While 49% will remain to Fideuram – Intesa Sanpaolo Private Banking. The team at Asteria has a track record of developing innovative solutions for the wealth management space and already has three funds with sustainable investment objectives. The transaction is subject to customary regulatory approvals – is expected to be completed by the end of 2023 and will not have any impact on F-ISPB’s existing partnerships and inhouse product manufacturing capabilities. Annonce • May 06
Man Group Limited Provides an Update on Final Dividend for the Year Ending 31 December 2022, Payable on May 19, 2023 Man Group Limited announced a final dividend for the year ending 31 December 2022 of 10.1 cents per ordinary share on 28 February 2023and communicated that the corresponding amount in Pence Sterling per ordinary share would be announced on 5 May 2023. The Pence Sterling amount payable in respect of the final dividend has been determined with reference to the average of the market exchange rates on the three working days commencing 2 May 2023, resulting in an applicable exchange rate of £1:US$1.2520.Accordingly, the Pence Sterling amount payable to shareholders in relation to the final dividend will be 8.07 Pence Sterling per ordinary share. The final dividend will be paid on 19 May 2023 to shareholders on the register at the close of business on 11 April 2023. Annonce • May 05
Man Group Limited to Report First Half, 2023 Results on Aug 01, 2023 Man Group Limited announced that they will report first half, 2023 results on Aug 01, 2023 Upcoming Dividend • Mar 30
Upcoming dividend of US$0.10 per share at 5.3% yield Eligible shareholders must have bought the stock before 06 April 2023. Payment date: 19 May 2023. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 5.3%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (3.3%). Valuation Update With 7 Day Price Move • Mar 18
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to €2.60, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 11x in the Capital Markets industry in Germany. Total returns to shareholders of 146% over the past three years. Reported Earnings • Mar 01
Full year 2022 earnings released: EPS: US$0.47 (vs US$0.35 in FY 2021) Full year 2022 results: EPS: US$0.47 (up from US$0.35 in FY 2021). Revenue: US$1.73b (up 17% from FY 2021). Net income: US$608.0m (up 25% from FY 2021). Profit margin: 35% (up from 33% in FY 2021). The increase in margin was driven by higher revenue. Revenue is expected to decline by 7.2% p.a. on average during the next 3 years, while revenues in the Capital Markets industry in Germany are expected to grow by 2.2%. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Annonce • Dec 07
Man Group Limited to Report Fiscal Year 2022 Results on Feb 28, 2023 Man Group Limited announced that they will report fiscal year 2022 results on Feb 28, 2023 Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Antoine Hubert Joseph Forterre was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 19
Man Group plc Appoints Alberto Musalem as Non-Executive Director, Effective November 1, 2022 Man Group plc announced the appointment of Alberto Musalem as a non-executive director of the Company and as a member of the Audit & Risk Committee and Remuneration Committee with effect from 1 November 2022. Alberto served as CEO and Co-CIO of Evince Asset Management LP (2018 - 2022), an investment manager which he co-founded. Prior to this, he served as Executive Vice President and Senior Advisor to the President at the Federal Reserve Bank of New York (2014 - 2017) where he led the Integrated Policy Analysis and the Emerging Markets and International Affairs Groups, and served on the Bank's Management Committee. Alberto held senior positions at Tudor Investment Corporation (2000 - 2013), including Managing Director, Partner, Global Head of Research, and member of the firm's Management Committee. He also served as an economist at the International Monetary Fund (1996 - 2000). Alberto is currently a director of Freddie Mac, a US federal home loan mortgage corporation founded by Congress, where he is a member of the Risk Committee, Operations and Technology Committee and Compensation and Human Capital Committee. He is a member of the Distinguished Advisory Group of the Integrity Council for the Voluntary Carbon Market, the Council on Foreign Relations, and the Economic Club of New York. He is also Adjunct Professor of Finance at Georgetown University's McDonough School of Business. Annonce • Sep 09
Man Group Appoints Rob Leach as Global Head of Capital Markets and Portfolio Manager at Man GLG Man Group has appointed Rob Leach as Global Head of Capital Markets and portfolio manager at Man GLG, a new role for the firm. Leach joins the firm from Jefferies where he was Head of EMEA Equity Capital Markets. Leach, who will be based in London, will focus on Man Group's activity in capital markets offerings globally, with the aim of growing market share and client returns. He joins at a time when equity markets globally areexperiencing significant challenges and require increasingly thoughtful navigation, and as Man Group is responding to client demand for active investment management solutions in both the long-only and alternativespaces. Leach has over 20 years of experience including previous roles at organizations including BlackRock, SAC Capital and UBS. His team is part of Man GLG, a discretionary fund manager that is active across alternative and long-only strategies, equity and credit. Annonce • Aug 26
Man Group plc Announces Interim Dividend, Payable on September 9, 2022 Man Group plc announced on 2 August 2022, an interim dividend for the year ending 31 December 2022 of 5.6 cents per ordinary share and communicated that the corresponding amount in Pence Sterling per ordinary share would be announced on 25 August 2022. The Pence Sterling amount payable in respect of the interim dividend has been determined with reference to the average of the market exchange rates on the three working days commencing 22 August 2022, resulting in an applicable exchange rate of £1: $1.18203. Accordingly, the Pence Sterling amount payable to Shareholders in relation to the interim dividend will be 4.7 pence per ordinary share. The interim dividend will be paid on 9 September 2022 to shareholders on the register at the close of business on 12 August 2022. Reported Earnings • Aug 03
First half 2022 earnings released: EPS: US$0.23 (vs US$0.16 in 1H 2021) First half 2022 results: EPS: US$0.23 (up from US$0.16 in 1H 2021). Revenue: US$887.0m (up 24% from 1H 2021). Net income: US$308.0m (up 35% from 1H 2021). Profit margin: 35% (up from 32% in 1H 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is expected to shrink by 10% compared to a 8.4% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Annonce • Aug 02
Man Group Limited Recommends Interim Dividend Man Group Limited recommended interim dividend of 5.6 cents per share, as per guidance (2021: 5.6 cents per share). Annonce • May 25
Man Group Limited to Report First Half, 2022 Results on Aug 02, 2022 Man Group Limited announced that they will report first half, 2022 results on Aug 02, 2022 Annonce • May 08
Man Group plc Announces Final Dividend, Payable on 20 May 2022 Man Group plc (the "Company") announced a final dividend of 8.4 cents per ordinary share on 1 March . The final dividend will be paid on 20 May 2022 to shareholders on the register at the close of business on 8 April 2022. Upcoming Dividend • Mar 31
Upcoming dividend of US$0.084 per share Eligible shareholders must have bought the stock before 07 April 2022. Payment date: 20 May 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of German dividend payers (3.7%). Higher than average of industry peers (2.4%). Annonce • Mar 03
Man Group plc Recommends Final Dividend for the Financial Year Ended December 31, 2021, Payable on May 20, 2022 Man Group plc recommended final dividend of 8.4 cents per share for the financial year ended December 31, 2021, resulting in total dividend of 14.0 cents per share for the year. Ex dividend date is on April 7, 2022, record date is on April 8, 2022, payable on May 20, 2022. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.35 (up from US$0.095 in FY 2020). Revenue: US$1.48b (up 58% from FY 2020). Net income: US$487.0m (up 253% from FY 2020). Profit margin: 33% (up from 15% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is expected to shrink by 3.6% compared to a 5.7% decline forecast for the funds industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 13% per year. Annonce • Mar 02
Man Group plc Announces Changes to Its Board Man Group plc appointed Jacqueline (Jackie) Hunt as non-executive director of the company and as a member of the audit and risk committee and remuneration committee with effect from February 28, 2022. Jackie is qualified chartered accountant and spent the majority of career within financial services, specifically asset management and insurance. Jackie was a member of the management board at Allianz SE from 2016 to 2021 with responsibility for Allianz's asset management and US life businesses. Prior to this, Jackie was an executive director of Prudential plc and the chief executive of Prudential UK, Europe and Africa, having previously served as an executive director and group chief financial officer of Standard Life plc. Jackie has also held senior executive positions at Aviva, RSA Insurance and PwC. Jackie is currently strategic consultant to the group chief executive officer of Allianz SE and is an independent non-executive director of OneWeb, a global satellite communications company. The company also announces that Zoe Cruz, served as non-executive director of the company since 2018, has notified the company that Zoe Cruz will not stand for re-election at the 2022 annual general meeting, in order to devote more time to Menai Financial Group where Zoe Cruz serves as founder and chief executive officer. Zoe Cruz will therefore retire from the Man Group board on May 6, 2022. Annonce • Dec 09
Man Group plc (LSE:EMG) announces an Equity Buyback for $250 million worth of its shares. Man Group plc (LSE:EMG) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of shares. The purpose of the program is to distribute capital to shareholders while maintaining a prudent balance sheet after taking into account required capital and potential strategic opportunities and reduce the share capital of the company (any shares repurchased for this purpose will be cancelled) and to enable the company to meet obligations arising from employee share option programs, or other allocations of shares to employees of the company or to members of the administrative, management or supervisory bodies of the company, or an associate of the company (any shares repurchased for this purpose will be held in treasury). The repurchase program is valid till December 7, 2022. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CFO & Executive Director Antoine Hubert Joseph Forterre was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 16
Investor sentiment improved over the past week After last week's 15% share price gain to €2.73, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 17x in the Capital Markets industry in Germany. Total returns to shareholders of 102% over the past three years. Annonce • Aug 10
Man Group plc (LSE:EMG) announces an Equity Buyback for $100 million worth of its shares. Man Group plc (LSE:EMG) announces a share repurchase program. Under the program, the company will repurchase up to $100 million worth of shares. The purpose of the program is reduce the share capital of the company (any shares repurchased for this purpose will be cancelled) and to enable the Company to meet obligations arising from employee share option programs, or other allocations of shares to employees of the company or to members of the administrative, management or supervisory bodies of the company, or an associate of the Company (any shares repurchased for this purpose will be held in treasury). The repurchase program is valid till August 9, 2022. Board Change • Jul 31
High number of new directors Global Head of Operations & Director David Barber was the last director to join the board, commencing their role in 2021. Recent Insider Transactions • Jul 30
Senior Independent Director recently bought €58k worth of stock On the 28th of July, Richard David Berliand bought around 25k shares on-market at roughly €2.30 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Jul 30
First half 2021 earnings released: EPS US$0.16 (vs US$0.027 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$718.0m (up 78% from 1H 2020). Net income: US$228.0m (up 485% from 1H 2020). Profit margin: 32% (up from 9.7% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Annonce • May 08
Man Group plc Announces Final Dividend, Payable on May 21, 2021 Man Group plc announced a final dividend of 5.7 cents per ordinary share on 2 March 2021 and communicated that the corresponding amount in Pence Sterling per ordinary share would be announced on 7 May 2021. Accordingly, the Pence Sterling amount payable to Shareholders in relation to the final dividend will be 4.1 pence per ordinary share. The final dividend will be paid on 21 May 2021 to shareholders on the register at the close of business on 9 April 2021. Upcoming Dividend • Apr 01
Upcoming dividend of US$0.057 per share Eligible shareholders must have bought the stock before 08 April 2021. Payment date: 21 May 2021. Trailing yield: 4.8%. Within top quartile of German dividend payers (3.3%). Higher than average of industry peers (2.7%). Is New 90 Day High Low • Mar 05
New 90-day high: €1.83 The company is up 29% from its price of €1.41 on 04 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.89 per share. Reported Earnings • Mar 05
Full year 2020 earnings released: EPS US$0.095 (vs US$0.19 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$939.0m (down 16% from FY 2019). Net income: US$138.0m (down 52% from FY 2019). Profit margin: 15% (down from 26% in FY 2019). The decrease in margin was driven by lower revenue. Funds under management (FUM) Beginning of period: US$117.7b End of period: US$123.6b Net inflows/outflows: US$1.80b inflow Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Mar 05
Revenue beats expectations Revenue exceeded analyst estimates by 6.4%. Over the next year, revenue is forecast to grow 15%, compared to a 6.5% growth forecast for the Capital Markets industry in Germany. Annonce • Mar 04
Man Group plc Announces Executive Changes Man Group plc announced that Anne Wade will take over from Richard Berliand as Chair of the Remuneration Committee with effect from the conclusion of the Company's 2021 AGM on 7 May 2021, at which time she will also be appointed as a member of the Nomination Committee. Richard Berliand will continue to serve as the Company's Senior Independent Director and as a member of the Remuneration Committee, Nomination Committee and Audit and Risk Committee. Executive Departure • Feb 11
Chief Investment Officer has left the company On the 4th of February, Sandy Rattray's tenure as Chief Investment Officer ended after 4.4 years in the role. We don't have any record of a personal shareholding under Sandy's name. A total of 3 executives have left over the last 12 months. Is New 90 Day High Low • Jan 26
New 90-day high: €1.73 The company is up 40% from its price of €1.23 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €3.56 per share. Valuation Update With 7 Day Price Move • Jan 11
Investor sentiment improved over the past week After last week's 15% share price gain to US$1.70, the stock is trading at a trailing P/E ratio of 12.9x, up from the previous P/E ratio of 11.2x. This compares to an average P/E of 17x in the Capital Markets industry in Germany. Total return to shareholders over the past three years is a loss of 18%. Valuation Update With 7 Day Price Move • Dec 29
Investor sentiment improved over the past week After last week's 19% share price gain to US$1.72, the stock is trading at a trailing P/E ratio of 12.1x, up from the previous P/E ratio of 10.2x. This compares to an average P/E of 16x in the Capital Markets industry in Germany. Total return to shareholders over the past three years is a loss of 13%. Is New 90 Day High Low • Dec 24
New 90-day high: €1.49 The company is up 18% from its price of €1.26 on 25 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Capital Markets industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.82 per share. Is New 90 Day High Low • Dec 05
New 90-day high: €1.41 The company is up 4.0% from its price of €1.36 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.39 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €1.23 The company is down 10.0% from its price of €1.37 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.58 per share. Is New 90 Day High Low • Sep 30
New 90-day low: €1.26 The company is down 10.0% from its price of €1.40 on 02 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Capital Markets industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €2.61 per share. 
