Merit Financial Group LLC Boosts Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Merit Financial Group LLC raised its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 158.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,789 shares of the business services provider's stock after purchasing an additional 6,607 shares during the period. Merit Financial Group LLC's holdings in ManpowerGroup were worth $624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new position in shares of ManpowerGroup in the 4th quarter worth approximately $28,000. SRS Capital Advisors Inc. grew its holdings in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after purchasing an additional 562 shares during the last quarter. Quarry LP grew its holdings in ManpowerGroup by 193.4% in the fourth quarter. Quarry LP now owns 2,262 shares of the business services provider's stock worth $131,000 after purchasing an additional 1,491 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of ManpowerGroup by 34.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after purchasing an additional 587 shares in the last quarter. Finally, Headlands Technologies LLC lifted its holdings in shares of ManpowerGroup by 443.7% during the 4th quarter. Headlands Technologies LLC now owns 2,588 shares of the business services provider's stock valued at $149,000 after purchasing an additional 2,112 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

Shares of NYSE:MAN traded up $1.98 during trading on Tuesday, hitting $42.74. The stock had a trading volume of 1,159,672 shares, compared to its average volume of 886,923. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12-month low of $38.10 and a 12-month high of $78.22. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.29 and a beta of 1.08. The stock has a 50-day simple moving average of $44.13 and a two-hundred day simple moving average of $53.62.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued 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 10.19% and a net margin of 0.81%. The business had revenue of $698.30 million for the quarter, compared to analysts' expectations of $3.94 billion. During the same period last year, the business earned $0.94 EPS. On average, equities research analysts expect 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 will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's payout ratio is 62.61%.

Analyst Ratings Changes

MAN has been the topic of several research analyst reports. Wall Street Zen downgraded ManpowerGroup from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price target for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. Truist Financial cut their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. lowered their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research note 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 on the stock in a research report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $57.50.

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.