Universal Beteiligungs und Servicegesellschaft mbH Invests $2.79 Million in ManpowerGroup Inc. (NYSE:MAN)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 48,330 shares of the business services provider's stock, valued at approximately $2,790,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.10% of ManpowerGroup at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MAN. AQR Capital Management LLC increased its stake in ManpowerGroup by 45.8% during the 4th quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after buying an additional 711,043 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of ManpowerGroup during the 4th quarter worth approximately $34,200,000. Norges Bank acquired a new position in shares of ManpowerGroup during the 4th quarter worth approximately $27,706,000. Millennium Management LLC boosted its holdings in shares of ManpowerGroup by 137.0% during the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock worth $46,845,000 after purchasing an additional 469,184 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of ManpowerGroup by 194.3% during the 4th quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after purchasing an additional 300,917 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 1.1%

MAN traded up $0.43 during trading hours on Friday, reaching $40.58. The company's stock had a trading volume of 704,607 shares, compared to its average volume of 682,744. ManpowerGroup Inc. has a fifty-two week low of $38.10 and a fifty-two week high of $78.22. The stock has a market cap of $1.88 billion, a PE ratio of 13.57 and a beta of 1.08. The business's 50-day moving average is $44.49 and its 200-day moving average is $53.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

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 analyst estimates of $3.94 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, equities research analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The company 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 dividend of $0.72 per share. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd. ManpowerGroup's dividend payout ratio (DPR) is 62.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MAN. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Truist Financial lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. UBS Group lowered their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Finally, BMO Capital Markets lowered their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, ManpowerGroup currently has an average rating of "Hold" and an average 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.