PharVision Advisers LLC bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 8,237 shares of the business services provider's stock, valued at approximately $475,000.
Several other hedge funds have also bought and sold shares of the business. Colonial Trust Co SC bought a new position in shares of ManpowerGroup in the fourth quarter valued at $28,000. WFA Asset Management Corp bought a new position in ManpowerGroup in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. boosted its stake in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after purchasing an additional 562 shares during the last quarter. Blue Trust Inc. raised its stake in shares of ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after purchasing an additional 778 shares during the last quarter. Finally, R Squared Ltd bought a new position in shares of ManpowerGroup in the fourth quarter valued at approximately $95,000. Institutional investors and hedge funds own 98.03% of the company's stock.
ManpowerGroup Trading Down 0.2%
Shares of ManpowerGroup stock opened at $43.88 on Wednesday. The company's 50-day moving average price is $49.01 and its 200-day moving average price is $55.77. The company has a current ratio of 1.12, a quick ratio of 1.15 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 company has a market cap of $2.03 billion, a price-to-earnings ratio of 14.68 and a beta of 1.09.
ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same period in the previous year, the business earned $0.94 earnings per share. On average, equities analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.
ManpowerGroup Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued 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 payout ratio is 62.61%.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on MAN shares. BMO Capital Markets dropped their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Truist Financial dropped their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. UBS Group reduced their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price 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, Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, ManpowerGroup has a consensus rating of "Hold" and a consensus target price of $57.50.
View Our Latest Report on MAN
ManpowerGroup Company Profile
(
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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