Nomura Holdings Inc. Acquires New Shares in ManpowerGroup Inc. (NYSE:MAN)

Nomura Holdings Inc. purchased a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,228 shares of the business services provider's stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Barclays PLC boosted its stake in shares of ManpowerGroup by 62.9% in the third 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 period. Merit Financial Group LLC acquired a new position in ManpowerGroup in the 4th quarter worth $241,000. Crossmark Global Holdings Inc. boosted its position in ManpowerGroup by 3.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider's stock valued at $1,624,000 after buying an additional 849 shares during the last quarter. Nisa Investment Advisors LLC grew its stake 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 valued at $192,000 after acquiring an additional 990 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after acquiring an additional 778 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MAN shares. Truist Financial decreased their price target on shares of 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 cut ManpowerGroup from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. BMO Capital Markets dropped their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research note 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, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ManpowerGroup currently has an average rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Trading Down 1.7%

NYSE MAN traded down $0.73 on Wednesday, hitting $42.09. 61,513 shares of the company were exchanged, compared to its average volume of 666,472. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market capitalization of $1.95 billion, a P/E ratio of 14.07 and a beta of 1.09. ManpowerGroup Inc. has a twelve month low of $38.10 and a twelve month high of $78.22. The company's 50 day moving average price is $47.26 and its 200-day moving average price is $55.01.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $3.94 billion. During the same period in the prior year, the company posted $0.94 earnings per share. Analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 3.5%. ManpowerGroup's dividend payout ratio is presently 62.61%.

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.