Victory Capital Management Inc. Sells 18,631 Shares of ManpowerGroup Inc. (NYSE:MAN)

Victory Capital Management Inc. lessened its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 4.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 413,977 shares of the business services provider's stock after selling 18,631 shares during the period. Victory Capital Management Inc. owned about 0.89% of ManpowerGroup worth $23,961,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC purchased a new position in ManpowerGroup during the 4th quarter valued at about $28,000. GAMMA Investing LLC grew its holdings in shares of ManpowerGroup by 190.6% during the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after acquiring an additional 488 shares during the period. Fifth Third Bancorp grew its holdings in shares of ManpowerGroup by 48.6% during the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after acquiring an additional 243 shares during the period. UMB Bank n.a. grew its holdings in shares of ManpowerGroup by 131.7% during the 1st quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock worth $52,000 after acquiring an additional 511 shares during the period. Finally, WFA Asset Management Corp grew its holdings in shares of ManpowerGroup by 129.3% during the 1st quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock worth $80,000 after acquiring an additional 776 shares during the period. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analysts Set New Price Targets

MAN has been the topic of a number of research analyst reports. UBS Group upped their target price on ManpowerGroup from $42.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Truist Financial dropped their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets dropped their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" 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 dropped their price target for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $48.20.

ManpowerGroup Stock Up 2.0%

MAN stock traded up $0.91 during midday trading on Friday, hitting $45.67. The company's stock had a trading volume of 833,699 shares, compared to its average volume of 1,098,267. The company has a market cap of $2.11 billion, a PE ratio of -120.18 and a beta of 1.07. ManpowerGroup Inc. has a 12 month low of $37.99 and a 12 month high of $77.85. The company has a current ratio of 0.98, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24. The firm's 50-day moving average is $42.25 and its 200-day moving average is $49.61.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.09. The business had revenue of $4.52 billion for the quarter, compared to analysts' expectations of $4.34 billion. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The firm's quarterly revenue was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 EPS. On average, equities 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 was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.72 per share. The ex-dividend date was Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's payout ratio is -378.95%.

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.