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

CWM LLC increased its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 62.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,813 shares of the business services provider's stock after acquiring an additional 15,231 shares during the quarter. CWM LLC owned approximately 0.09% of ManpowerGroup worth $2,304,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New York State Common Retirement Fund raised its holdings in shares of ManpowerGroup by 336.5% in the first quarter. New York State Common Retirement Fund now owns 177,103 shares of the business services provider's stock valued at $10,251,000 after purchasing an additional 136,532 shares during the last quarter. Cerity Partners LLC increased its stake in ManpowerGroup by 17.7% in the 1st quarter. Cerity Partners LLC now owns 36,460 shares of the business services provider's stock valued at $2,110,000 after buying an additional 5,472 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of ManpowerGroup by 20.4% during the 1st 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. ARGA Investment Management LP boosted its stake in shares of ManpowerGroup by 539.8% in the 1st quarter. ARGA Investment Management LP now owns 587,048 shares of the business services provider's stock worth $33,978,000 after buying an additional 495,296 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its holdings in shares of ManpowerGroup by 7.0% in the first quarter. Crossmark Global Holdings Inc. now owns 30,106 shares of the business services provider's stock valued at $1,743,000 after acquiring an additional 1,962 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Performance

Shares of MAN stock traded up $2.35 on Tuesday, hitting $44.47. 1,010,292 shares of the stock were exchanged, compared to its average volume of 749,503. The firm's 50 day moving average is $42.17 and its two-hundred day moving average is $49.95. ManpowerGroup Inc. has a one year low of $37.99 and a one year high of $77.85. The firm has a market capitalization of $2.06 billion, a PE ratio of -117.01 and a beta of 1.07. The company has a current ratio of 0.98, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.34 billion. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The company's quarterly revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. Sell-side analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Investors 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 dividend payout ratio (DPR) is -378.95%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MAN shares. Truist Financial dropped their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. 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 research note on Monday, April 21st. UBS Group increased their price target on shares of ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. BMO Capital Markets lowered their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Finally, Wall Street Zen raised shares of ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $48.20.

ManpowerGroup Company 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.