Allianz Asset Management GmbH Grows Position in ManpowerGroup Inc. (NYSE:MAN)

Allianz Asset Management GmbH grew its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 13.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 424,225 shares of the business services provider's stock after purchasing an additional 49,077 shares during the period. Allianz Asset Management GmbH owned about 0.91% of ManpowerGroup worth $24,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Edgestream Partners L.P. purchased a new stake in ManpowerGroup during the first quarter worth about $3,138,000. CWM LLC grew its position in shares of ManpowerGroup by 62.0% during the first quarter. CWM LLC now owns 39,813 shares of the business services provider's stock worth $2,304,000 after buying an additional 15,231 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of ManpowerGroup by 336.5% during the first quarter. New York State Common Retirement Fund now owns 177,103 shares of the business services provider's stock worth $10,251,000 after buying an additional 136,532 shares in the last quarter. Cerity Partners LLC grew its position in shares of ManpowerGroup by 17.7% during the first quarter. Cerity Partners LLC now owns 36,460 shares of the business services provider's stock worth $2,110,000 after buying an additional 5,472 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its position in shares of ManpowerGroup by 20.4% during the first quarter. Linden Thomas Advisory Services LLC now owns 15,020 shares of the business services provider's stock worth $869,000 after buying an additional 2,550 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Stock Down 0.4%

MAN traded down $0.19 on Monday, reaching $45.51. The company's stock had a trading volume of 111,100 shares, compared to its average volume of 914,029. The stock has a 50 day moving average of $42.25 and a two-hundred day moving average of $49.53. The company has a quick ratio of 1.12, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $2.11 billion, a price-to-earnings ratio of -119.90 and a beta of 1.07. ManpowerGroup Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $77.85.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.09. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The company's revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.30 earnings per share. As a group, analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date was Monday, June 2nd. ManpowerGroup's payout ratio is currently -378.95%.

Analyst Ratings Changes

A number of brokerages have recently commented on MAN. UBS Group boosted their price objective on ManpowerGroup from $42.00 to $45.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wall Street Zen raised ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Truist Financial lowered their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $48.20.

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.