D. E. Shaw & Co. Inc. grew its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 337,259 shares of the business services provider's stock after purchasing an additional 163,214 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.72% of ManpowerGroup worth $19,467,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Barclays PLC raised its holdings in shares of ManpowerGroup by 62.9% in the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock valued at $11,387,000 after buying an additional 59,821 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of ManpowerGroup by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock valued at $11,950,000 after buying an additional 1,999 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of ManpowerGroup by 1,373.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider's stock valued at $3,086,000 after buying an additional 49,845 shares during the period. Merit Financial Group LLC purchased a new stake in shares of ManpowerGroup in the 4th quarter valued at $241,000. Finally, Crossmark Global Holdings Inc. raised its holdings in shares of ManpowerGroup by 3.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider's stock valued at $1,624,000 after buying an additional 849 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.
Analysts Set New Price Targets
MAN has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. UBS Group cut their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. BMO Capital Markets cut 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. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Finally, Truist Financial cut their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. 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
ManpowerGroup Stock Up 1.6%
NYSE MAN traded up $0.68 during trading hours on Friday, hitting $44.02. 1,784,786 shares of the company were exchanged, compared to its average volume of 664,404. The company has a 50 day moving average of $49.60 and a two-hundred day moving average of $55.99. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 52-week low of $38.10 and a 52-week high of $78.22. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 14.72 and a beta of 1.09.
ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The business had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the previous year, the company posted $0.94 EPS. Equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.
ManpowerGroup Cuts Dividend
The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's payout ratio is currently 62.61%.
ManpowerGroup Company Profile
(
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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