iSAM Funds UK Ltd purchased a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,173 shares of the business services provider's stock, valued at approximately $760,000.
A number of other institutional investors have also recently modified their holdings of the business. Vident Advisory LLC boosted its stake in shares of ManpowerGroup by 2.8% in the fourth quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock valued at $618,000 after buying an additional 290 shares in the last quarter. WBI Investments LLC purchased a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $541,000. Squarepoint Ops LLC boosted its stake in shares of ManpowerGroup by 19.0% in the fourth quarter. Squarepoint Ops LLC now owns 96,360 shares of the business services provider's stock valued at $5,562,000 after buying an additional 15,378 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of ManpowerGroup by 150.6% in the fourth quarter. Two Sigma Advisers LP now owns 40,100 shares of the business services provider's stock valued at $2,315,000 after buying an additional 24,100 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of ManpowerGroup by 17.2% in the fourth quarter. Two Sigma Investments LP now owns 60,810 shares of the business services provider's stock valued at $3,510,000 after buying an additional 8,925 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.
ManpowerGroup Price Performance
Shares of NYSE MAN traded down $0.94 during trading on Friday, reaching $42.09. The company had a trading volume of 578,535 shares, compared to its average volume of 669,550. The stock has a market capitalization of $1.95 billion, a PE ratio of 14.08 and a beta of 1.09. The stock has a 50-day moving average price of $47.95 and a two-hundred day moving average price of $55.32. ManpowerGroup Inc. has a twelve month low of $38.10 and a twelve month high of $78.22. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.
ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million for the quarter, compared to analysts' expectations of $3.94 billion. During the same period last year, the firm posted $0.94 EPS. As a group, sell-side analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.
ManpowerGroup Cuts Dividend
The company also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.72 per share. This represents a yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup's dividend payout ratio (DPR) is presently 62.61%.
Analysts Set New Price Targets
A number of analysts recently weighed in on MAN shares. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Truist Financial decreased their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. UBS Group cut their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, BMO Capital Markets cut their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $57.50.
Check Out Our Latest Stock Report on MAN
ManpowerGroup Profile
(
Free Report)
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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