Deutsche Bank AG Sells 48,111 Shares of ManpowerGroup Inc. (NYSE:MAN)

Deutsche Bank AG lowered its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 66.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,851 shares of the business services provider's stock after selling 48,111 shares during the quarter. Deutsche Bank AG owned approximately 0.05% of ManpowerGroup worth $1,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in MAN. Colonial Trust Co SC purchased a new position in ManpowerGroup during the fourth quarter valued at approximately $28,000. WFA Asset Management Corp bought a new position in ManpowerGroup in the 4th quarter valued at $35,000. SRS Capital Advisors Inc. grew its position in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after purchasing an additional 778 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of ManpowerGroup in the fourth quarter worth $95,000. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on MAN. UBS Group reduced their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Wall Street Zen downgraded shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Truist Financial cut their price target 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. Finally, BMO Capital Markets decreased their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, ManpowerGroup presently has an average rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Price Performance

MAN traded up $0.54 during midday trading on Thursday, hitting $42.44. The stock had a trading volume of 714,482 shares, compared to its average volume of 671,247. The company has a market cap of $1.96 billion, a P/E ratio of 14.19 and a beta of 1.09. The business has a fifty day moving average of $46.62 and a 200 day moving average of $54.77. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup Inc. has a 1 year low of $38.10 and a 1 year high of $78.22.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The business had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, equities analysts forecast 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 will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.72 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's dividend payout ratio is currently 62.61%.

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.