Man Group plc Purchases 50,780 Shares of ManpowerGroup Inc. (NYSE:MAN)

Man Group plc boosted its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 59.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,212 shares of the business services provider's stock after acquiring an additional 50,780 shares during the quarter. Man Group plc owned 0.29% of ManpowerGroup worth $7,862,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of ManpowerGroup by 62.9% in the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock valued at $11,387,000 after purchasing an additional 59,821 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of ManpowerGroup by 1,373.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider's stock valued at $3,086,000 after buying an additional 49,845 shares in the last quarter. Merit Financial Group LLC purchased a new stake in ManpowerGroup in the fourth quarter valued at $241,000. Crossmark Global Holdings Inc. boosted its stake in ManpowerGroup by 3.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider's stock valued at $1,624,000 after acquiring an additional 849 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of ManpowerGroup by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider's stock worth $192,000 after purchasing an additional 990 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on MAN shares. 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. Truist Financial dropped their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Wall Street Zen downgraded ManpowerGroup from a "hold" rating to a "sell" rating in a research note on Wednesday. JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Finally, UBS Group dropped their target price 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $57.50.

ManpowerGroup Stock Down 2.2%

Shares of NYSE MAN traded down $0.94 during mid-day 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 company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.08 and a beta of 1.09. The stock has a fifty day moving average of $47.95 and a two-hundred day moving average of $55.25. ManpowerGroup Inc. has a 12-month low of $38.10 and a 12-month high of $78.22.

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 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 business had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the prior year, the business posted $0.94 EPS. As a group, equities research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd. ManpowerGroup's dividend payout ratio is currently 62.61%.

ManpowerGroup 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.