Corrects FY dividend in Key Details table to $0.172 from $0.12
Overview
Alternative investment manager's AUM rose 35% to $227.6 bln, driven by net inflows
Company's core EPS fell 14% to 27.6¢, reflecting lower performance fees
Completed Bardin Hill acquisition, enhancing credit capabilities
Outlook
Man Group aims to expand AI partnership to enhance investment research and productivity
Company plans to continue expanding active ETF platform in wealth channel
Man Group focuses on strengthening credit capabilities through Bardin Hill acquisition
Result Drivers
AUM GROWTH - Man Group's AUM increased 35% to $227.6 bln, driven by $28.7 bln in net inflows and positive investment performance
CREDIT CAPABILITIES - Acquisition of Bardin Hill enhanced Man Group's credit capabilities, supporting strategic growth
STRATEGIC INITIATIVES - Man Group launched new active ETFs and formed an AI partnership to enhance investment research and productivity
Company press release: ID:nRSZ4355Ua
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Assets Under Management
$227.60 bln
FY Dividend
$0.172
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy"
Wall Street's median 12-month price target for Man Group PLC is GBp280.00, about 3.9% above its February 25 closing price of GBp269.40
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)