Crescent Grove Advisors LLC grew its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 48.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,618 shares of the business services provider's stock after purchasing an additional 17,744 shares during the period. Crescent Grove Advisors LLC owned about 0.12% of ManpowerGroup worth $3,161,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Colonial Trust Co SC purchased a new position in ManpowerGroup during the fourth quarter worth approximately $28,000. Fifth Third Bancorp raised its holdings in shares of ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after acquiring an additional 243 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after acquiring an additional 488 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in shares of ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after acquiring an additional 562 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of ManpowerGroup by 131.7% in the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock worth $52,000 after acquiring an additional 511 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms recently commented on MAN. 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 note on Monday, April 21st. 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. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. UBS Group lowered their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, Wall Street Zen upgraded ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday. Six equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, ManpowerGroup currently has a consensus rating of "Hold" and a consensus target price of $50.60.
Read Our Latest Stock Report on MAN
ManpowerGroup Trading Up 4.9%
Shares of MAN stock traded up $1.98 during trading on Tuesday, hitting $42.38. 954,421 shares of the stock traded hands, compared to its average volume of 706,672. ManpowerGroup Inc. has a 52-week low of $37.99 and a 52-week high of $78.22. The firm has a market capitalization of $1.96 billion, a P/E ratio of 18.43 and a beta of 1.08. The firm's fifty day moving average price is $41.62 and its 200-day moving average price is $51.28. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12.
ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a return on equity of 9.10% and a net margin of 0.63%. The business had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. During the same period last year, the business earned $0.94 EPS. As a group, research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.
ManpowerGroup Cuts Dividend
The business also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.72 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a yield of 3.5%. 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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