Clark Estates Inc. NY Sells 11,191 Shares of ManpowerGroup Inc. (NYSE:MAN)

Clark Estates Inc. NY reduced its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 27.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,309 shares of the business services provider's stock after selling 11,191 shares during the period. Clark Estates Inc. NY owned approximately 0.06% of ManpowerGroup worth $1,696,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in ManpowerGroup in the 4th quarter valued at $875,000. Commonwealth Equity Services LLC raised its position in ManpowerGroup by 89.4% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,218 shares of the business services provider's stock valued at $301,000 after buying an additional 2,463 shares during the last quarter. American Century Companies Inc. raised its position in ManpowerGroup by 104.4% in the 4th quarter. American Century Companies Inc. now owns 38,055 shares of the business services provider's stock valued at $2,197,000 after buying an additional 19,434 shares during the last quarter. Norges Bank purchased a new stake in ManpowerGroup in the 4th quarter valued at $27,706,000. Finally, Pictet Asset Management Holding SA raised its position in ManpowerGroup by 18.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 6,872 shares of the business services provider's stock valued at $397,000 after buying an additional 1,052 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on MAN shares. UBS Group raised their target price on ManpowerGroup from $42.00 to $45.00 and gave the company 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 decreased their target price 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 decreased their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, Barclays raised 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 research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.20.

ManpowerGroup Price Performance

MAN stock traded down $2.00 during mid-day trading on Friday, reaching $39.25. 1,013,033 shares of the company traded hands, compared to its average volume of 924,326. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 1.12. The company has a market capitalization of $1.82 billion, a P/E ratio of -103.30 and a beta of 1.07. ManpowerGroup Inc. has a 52-week low of $37.99 and a 52-week high of $75.57. The company has a fifty day moving average price of $42.24 and a 200-day moving average price of $49.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates 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 quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.30 EPS. As a group, analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.72 per share. This represents a dividend yield of 350.0%. The ex-dividend date was Monday, June 2nd. ManpowerGroup's dividend payout ratio (DPR) is -378.95%.

ManpowerGroup Profile

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.