ManpowerGroup Inc. (NYSE:MAN) Stock Holdings Lifted by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH raised its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 16.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,330 shares of the business services provider's stock after acquiring an additional 8,000 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.12% of ManpowerGroup worth $3,260,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MAN. AQR Capital Management LLC boosted its position 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 buying an additional 711,043 shares during the period. ARGA Investment Management LP boosted its position in shares of ManpowerGroup by 539.8% during the first quarter. ARGA Investment Management LP now owns 587,048 shares of the business services provider's stock worth $33,978,000 after buying an additional 495,296 shares during the period. Norges Bank acquired a new position in shares of ManpowerGroup during the fourth quarter worth approximately $27,706,000. Millennium Management LLC boosted its position 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 buying an additional 469,184 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of ManpowerGroup by 73.3% during the first 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 period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MAN. BMO Capital Markets reduced their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Truist Financial reduced their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat, ManpowerGroup has an average rating of "Hold" and an average target price of $48.20.

ManpowerGroup Price Performance

MAN traded down $1.74 during trading on Friday, reaching $39.51. The stock had a trading volume of 336,867 shares, compared to its average volume of 919,375. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -103.74 and a beta of 1.07. The company has a quick ratio of 1.12, a current ratio of 0.98 and a debt-to-equity ratio of 0.24. ManpowerGroup Inc. has a 1-year low of $37.99 and a 1-year high of $75.57. The stock has a 50 day moving average of $42.24 and a two-hundred day moving average of $49.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The firm's revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.30 earnings per share. As a group, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.72 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 350.0%. ManpowerGroup's dividend payout ratio is currently -378.95%.

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.