Squarepoint Ops LLC Acquires 15,378 Shares of ManpowerGroup Inc. (NYSE:MAN)

Squarepoint Ops LLC increased its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 19.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,360 shares of the business services provider's stock after buying an additional 15,378 shares during the period. Squarepoint Ops LLC owned 0.21% of ManpowerGroup worth $5,562,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MAN. AQR Capital Management LLC raised its stake in ManpowerGroup by 45.8% in 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 buying an additional 711,043 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of ManpowerGroup during the fourth quarter valued at approximately $34,200,000. Norges Bank bought a new position in shares of ManpowerGroup during the fourth quarter valued at approximately $27,706,000. Millennium Management LLC increased its stake 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, Barclays PLC increased its stake in shares of ManpowerGroup by 194.3% during the fourth quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock valued at $26,308,000 after purchasing an additional 300,917 shares in the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Stock Performance

MAN stock traded down $0.34 on Friday, hitting $42.15. The company had a trading volume of 168,417 shares, compared to its average volume of 669,289. ManpowerGroup Inc. has a 12-month low of $38.10 and a 12-month high of $78.22. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock's 50-day simple moving average is $46.62 and its 200 day simple moving average is $54.77. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 14.10 and a beta of 1.09.

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 company had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the prior year, the business posted $0.94 EPS. As a group, equities research analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.72 dividend. The ex-dividend date is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's payout ratio is presently 62.61%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MAN shares. Wall Street Zen downgraded shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Truist Financial cut their price target 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. cut their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price target for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Finally, BMO Capital Markets cut their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $57.50.

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.