PharVision Advisers LLC Invests $475,000 in ManpowerGroup Inc. (NYSE:MAN)

PharVision Advisers LLC acquired a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,237 shares of the business services provider's stock, valued at approximately $475,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. Dimensional Fund Advisors LP grew its holdings in ManpowerGroup by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider's stock valued at $143,942,000 after buying an additional 59,763 shares in the last quarter. 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 acquiring an additional 711,043 shares during the last quarter. Invesco Ltd. grew its stake in ManpowerGroup by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock valued at $110,623,000 after acquiring an additional 77,234 shares in the last quarter. Millennium Management LLC grew 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 valued at $46,845,000 after purchasing an additional 469,184 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of ManpowerGroup by 37.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 754,320 shares of the business services provider's stock valued at $43,539,000 after purchasing an additional 204,622 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

Analysts Set New Price Targets

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

ManpowerGroup Trading Down 2.2%

Shares of NYSE MAN traded down $0.94 during trading hours on Monday, hitting $42.09. 578,535 shares of the company traded hands, compared to its average volume of 669,550. The company's 50 day moving average price is $47.95 and its 200 day moving average price is $55.25. 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 $1.95 billion, a price-to-earnings ratio of 14.08 and a beta of 1.09. 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 (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The firm had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter last year, the firm earned $0.94 EPS. On average, equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.72 dividend. This represents a yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup's dividend payout ratio (DPR) is currently 62.61%.

About ManpowerGroup

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.