Cwm LLC Buys 15,231 Shares of ManpowerGroup Inc. (NYSE:MAN)

CWM LLC boosted its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 62.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,813 shares of the business services provider's stock after purchasing an additional 15,231 shares during the period. CWM LLC owned about 0.09% of ManpowerGroup worth $2,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MAN. Colonial Trust Co SC bought a new position in shares of ManpowerGroup in the 4th quarter valued at about $28,000. Fifth Third Bancorp grew its position in shares of ManpowerGroup by 48.6% in the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after acquiring an additional 243 shares during the period. GAMMA Investing LLC grew its position in shares of ManpowerGroup by 190.6% in the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after acquiring an additional 488 shares during the period. UMB Bank n.a. grew its position in shares of ManpowerGroup by 131.7% in the 1st quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock valued at $52,000 after acquiring an additional 511 shares during the period. Finally, WFA Asset Management Corp grew its position in shares of ManpowerGroup by 129.3% in the 1st quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock valued at $80,000 after acquiring an additional 776 shares during the period. Institutional investors own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MAN shares. Truist Financial dropped their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. UBS Group lifted their price objective on shares of ManpowerGroup from $42.00 to $45.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Finally, Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price objective for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, ManpowerGroup has a consensus rating of "Hold" and a consensus target price of $48.20.

ManpowerGroup Price Performance

Shares of NYSE MAN traded down $1.04 during mid-day trading on Friday, hitting $43.32. 1,183,716 shares of the stock traded hands, compared to its average volume of 746,087. ManpowerGroup Inc. has a twelve month low of $37.99 and a twelve month high of $77.85. 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 cap of $2.00 billion, a PE ratio of -114.00 and a beta of 1.07. The firm has a 50 day simple moving average of $42.17 and a two-hundred day simple moving average of $50.00.

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

ManpowerGroup Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's payout ratio is 62.61%.

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.