111 Capital Acquires New Shares in ManpowerGroup Inc. (NYSE:MAN)

111 Capital acquired a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 9,930 shares of the business services provider's stock, valued at approximately $573,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Colonial Trust Co SC bought a new stake in ManpowerGroup in the fourth quarter valued at approximately $28,000. WFA Asset Management Corp bought a new position in shares of ManpowerGroup during the fourth quarter valued at approximately $35,000. SRS Capital Advisors Inc. raised its holdings in shares of ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after acquiring an additional 562 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of 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 acquiring an additional 778 shares in the last quarter. Finally, R Squared Ltd bought a new position in shares of ManpowerGroup during the fourth quarter valued at approximately $95,000. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Down 4.0%

Shares of NYSE MAN traded down $1.69 during trading on Monday, reaching $40.26. The company had a trading volume of 739,817 shares, compared to its average volume of 678,543. ManpowerGroup Inc. has a 12-month low of $38.10 and a 12-month high of $78.22. The stock has a market cap of $1.86 billion, a PE ratio of 13.46 and a beta of 1.09. The business's 50-day moving average is $45.94 and its 200 day moving average is $54.34. 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 (NYSE:MAN - Get Free Report) last released its earnings results 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 return on equity of 10.19% and a net margin of 0.81%. The company had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. During the same period in the prior year, the company posted $0.94 earnings per share. As a group, equities analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's dividend payout ratio (DPR) is presently 62.61%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MAN shares. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Truist Financial decreased their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Wall Street Zen downgraded ManpowerGroup from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. decreased 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. Finally, UBS Group decreased their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $57.50.

About ManpowerGroup

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.