Janney Montgomery Scott LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,322 shares of the business services provider's stock, valued at approximately $887,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in MAN. Vaughan Nelson Investment Management L.P. boosted its holdings in ManpowerGroup by 73.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock worth $59,443,000 after buying an additional 434,480 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of ManpowerGroup by 15.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 26,005 shares of the business services provider's stock valued at $1,505,000 after buying an additional 3,499 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in ManpowerGroup by 41.3% during the 1st quarter. NorthCrest Asset Manangement LLC now owns 7,839 shares of the business services provider's stock worth $454,000 after buying an additional 2,291 shares in the last quarter. SummerHaven Investment Management LLC grew its position in shares of ManpowerGroup by 2.1% during the first quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider's stock worth $675,000 after buying an additional 238 shares in the last quarter. Finally, Fifth Third Bancorp lifted its holdings in ManpowerGroup by 48.6% during the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after buying an additional 243 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on MAN shares. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. UBS Group decreased their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. BMO Capital Markets reduced their target price 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. JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, Truist Financial lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.60.
Get Our Latest Report on ManpowerGroup
ManpowerGroup Price Performance
MAN stock traded up $0.30 on Thursday, reaching $44.32. 824,144 shares of the company's stock were exchanged, compared to its average volume of 885,717. ManpowerGroup Inc. has a twelve month low of $37.99 and a twelve month high of $78.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.46. The stock has a fifty day moving average of $41.64 and a 200-day moving average of $51.17. The firm has a market cap of $2.05 billion, a PE ratio of 19.27 and a beta of 1.07.
ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. ManpowerGroup had a net margin of 0.63% and a return on equity of 9.10%. During the same period in the previous year, the business earned $0.94 earnings per share. As a group, equities analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.
ManpowerGroup Cuts Dividend
The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.72 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup's payout ratio is currently 62.61%.
About ManpowerGroup
(
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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