iSAM Funds UK Ltd Makes New $760,000 Investment in ManpowerGroup Inc. (NYSE:MAN)

iSAM Funds UK Ltd purchased a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,173 shares of the business services provider's stock, valued at approximately $760,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of ManpowerGroup by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider's stock worth $143,942,000 after purchasing an additional 59,763 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after purchasing an additional 711,043 shares during the last quarter. Invesco Ltd. raised its holdings in shares of ManpowerGroup by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock worth $110,623,000 after purchasing an additional 77,234 shares during the last quarter. Millennium Management LLC raised its holdings in shares of ManpowerGroup by 137.0% during the fourth quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock worth $46,845,000 after purchasing an additional 469,184 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of ManpowerGroup by 37.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 754,320 shares of the business services provider's stock worth $43,539,000 after purchasing an additional 204,622 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MAN shares. JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Truist Financial cut their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. BMO Capital Markets cut their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, UBS Group cut their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, ManpowerGroup currently has an average rating of "Hold" and an average price target of $57.50.

ManpowerGroup Stock Up 0.0%

MAN opened at $43.98 on Tuesday. ManpowerGroup Inc. has a twelve month low of $38.10 and a twelve month high of $78.22. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $49.31 and a 200 day moving average price of $55.85. The company has a market cap of $2.04 billion, a PE ratio of 14.71 and a beta of 1.09.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The company had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the company earned $0.94 EPS. Sell-side analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.72 per share. The ex-dividend date is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's payout ratio is presently 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.

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