Two Sigma Advisers LP Buys 24,100 Shares of ManpowerGroup Inc. (NYSE:MAN)

Two Sigma Advisers LP grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 150.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,100 shares of the business services provider's stock after buying an additional 24,100 shares during the period. Two Sigma Advisers LP owned 0.09% of ManpowerGroup worth $2,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Twin Capital Management Inc. raised its position in shares of ManpowerGroup by 1.7% during the fourth quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider's stock valued at $1,495,000 after buying an additional 439 shares during the last quarter. Bank of Nova Scotia grew its holdings in shares of ManpowerGroup by 8.8% in the fourth quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider's stock valued at $328,000 after purchasing an additional 458 shares in the last quarter. Colonial Trust Co SC purchased a new position in shares of ManpowerGroup in the fourth quarter valued at $28,000. Synovus Financial Corp increased its position in ManpowerGroup by 6.4% in the fourth quarter. Synovus Financial Corp now owns 8,428 shares of the business services provider's stock worth $486,000 after purchasing an additional 506 shares during the last quarter. Finally, KBC Group NV increased its position in ManpowerGroup by 1.0% in the fourth quarter. KBC Group NV now owns 54,109 shares of the business services provider's stock worth $3,123,000 after purchasing an additional 536 shares during the last quarter. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Trading Down 4.0%

MAN stock traded down $1.69 during mid-day trading on Monday, reaching $40.26. 739,817 shares of the stock traded hands, compared to its average volume of 678,537. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup Inc. has a one year low of $38.10 and a one year high of $78.22. The stock has a market capitalization of $1.86 billion, a PE ratio of 13.46 and a beta of 1.09. The business has a 50-day moving average price of $45.94 and a two-hundred day moving average price of $54.34.

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). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter last year, the firm earned $0.94 EPS. Equities research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MAN shares. Truist Financial reduced 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 target 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. Wall Street Zen cut shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price target 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 upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their price target for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. One 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 MarketBeat.com, ManpowerGroup has an average rating of "Hold" and an average price target 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.