WBI Investments LLC Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

WBI Investments LLC bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,375 shares of the business services provider's stock, valued at approximately $541,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Squarepoint Ops LLC lifted its position in ManpowerGroup by 19.0% in the 4th quarter. Squarepoint Ops LLC now owns 96,360 shares of the business services provider's stock worth $5,562,000 after buying an additional 15,378 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of ManpowerGroup by 150.6% during the 4th quarter. Two Sigma Advisers LP now owns 40,100 shares of the business services provider's stock valued at $2,315,000 after purchasing an additional 24,100 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of ManpowerGroup by 17.2% during the 4th quarter. Two Sigma Investments LP now owns 60,810 shares of the business services provider's stock valued at $3,510,000 after purchasing an additional 8,925 shares in the last quarter. State of Wyoming raised its holdings in shares of ManpowerGroup by 35.1% during the 4th quarter. State of Wyoming now owns 4,825 shares of the business services provider's stock valued at $278,000 after purchasing an additional 1,253 shares in the last quarter. Finally, Toronto Dominion Bank bought a new position in shares of ManpowerGroup during the 4th quarter valued at $849,000. Hedge funds and other institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Performance

Shares of MAN opened at $43.98 on Tuesday. The company has a market capitalization of $2.04 billion, a PE ratio of 14.71 and a beta of 1.09. ManpowerGroup Inc. has a one year low of $38.10 and a one year high of $78.22. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The company's fifty day moving average price is $49.31 and its 200 day moving average price is $55.85.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same quarter last year, the business earned $0.94 EPS. As a group, analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAN. UBS Group cut their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. 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. 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. 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, 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. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, ManpowerGroup has a consensus 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.

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