Two Sigma Investments LP Purchases 8,925 Shares of ManpowerGroup Inc. (NYSE:MAN)

Two Sigma Investments LP raised its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,810 shares of the business services provider's stock after purchasing an additional 8,925 shares during the period. Two Sigma Investments LP owned about 0.13% of ManpowerGroup worth $3,510,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAN. AQR Capital Management LLC lifted its holdings in ManpowerGroup by 45.8% in the 4th quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock valued at $130,125,000 after purchasing an additional 711,043 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of ManpowerGroup during the 4th quarter worth about $34,200,000. Norges Bank acquired a new stake in shares of ManpowerGroup in the fourth quarter worth approximately $27,706,000. Millennium Management LLC grew its holdings in ManpowerGroup by 137.0% in 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 during the period. Finally, Barclays PLC increased its position in ManpowerGroup by 194.3% during the fourth quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after purchasing an additional 300,917 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Stock Up 1.7%

NYSE MAN traded up $0.70 during trading on Tuesday, reaching $40.93. The company's stock had a trading volume of 644,316 shares, compared to its average volume of 679,309. The business has a 50-day moving average price of $45.57 and a 200-day moving average price of $54.25. 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 1-year low of $38.10 and a 1-year high of $78.22. The stock has a market capitalization of $1.89 billion, a PE ratio of 13.69 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 earnings per share (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 business had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the firm earned $0.94 EPS. On average, research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently declared 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. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's dividend payout ratio is 62.61%.

Wall Street Analyst Weigh In

MAN has been the subject of several research analyst reports. UBS Group dropped their price target 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. Wall Street Zen lowered shares of ManpowerGroup from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Truist Financial decreased their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Finally, 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.