Brevan Howard Capital Management LP bought a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 29,522 shares of the business services provider's stock, valued at approximately $1,704,000. Brevan Howard Capital Management LP owned 0.06% of ManpowerGroup as of its most recent SEC filing.
Several other large investors also recently modified their holdings of MAN. WFA Asset Management Corp bought a new position in ManpowerGroup during the fourth quarter valued at $35,000. SRS Capital Advisors Inc. increased its holdings in ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. lifted its holdings in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after purchasing an additional 778 shares during the last quarter. R Squared Ltd bought a new position in ManpowerGroup during the fourth quarter worth about $95,000. Finally, Quarry LP increased its stake in shares of ManpowerGroup by 193.4% in the fourth quarter. Quarry LP now owns 2,262 shares of the business services provider's stock worth $131,000 after purchasing an additional 1,491 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.
ManpowerGroup Price Performance
NYSE:MAN traded up $0.06 during trading hours on Friday, hitting $41.47. 669,413 shares of the company's stock traded hands, compared to its average volume of 651,092. ManpowerGroup Inc. has a 52 week low of $38.10 and a 52 week high of $78.87. The business's fifty day simple moving average is $51.33 and its two-hundred day simple moving average is $56.76. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.94 billion, a P/E ratio of 13.87 and a beta of 1.09.
ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The business had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter last year, the business posted $0.94 EPS. On average, research analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.
ManpowerGroup Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's dividend payout ratio is presently 133.91%.
Analyst Ratings Changes
A number of analysts recently commented on the stock. UBS Group dropped their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Truist Financial reduced their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. BMO Capital Markets dropped their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $57.50.
View Our Latest Analysis on ManpowerGroup
About ManpowerGroup
(
Free Report)
ManpowerGroup Inc provides workforce solutions and services worldwide. The company offers recruitment services, including permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions under the Manpower and Experis brands. It also offers various assessment services; training and development services; career and talent management; and outsourcing services related to human resources functions primarily in the areas of large-scale recruiting and workforce-intensive initiatives.
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