WBI Investments LLC Makes New $541,000 Investment in ManpowerGroup Inc. (NYSE:MAN)

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

Other institutional investors have also made changes to their positions in the company. Squarepoint Ops LLC lifted its holdings in ManpowerGroup by 19.0% during the fourth quarter. Squarepoint Ops LLC now owns 96,360 shares of the business services provider's stock worth $5,562,000 after acquiring an additional 15,378 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in ManpowerGroup by 150.6% during the fourth quarter. Two Sigma Advisers LP now owns 40,100 shares of the business services provider's stock worth $2,315,000 after acquiring an additional 24,100 shares in the last quarter. Two Sigma Investments LP lifted its holdings in ManpowerGroup by 17.2% during the fourth quarter. Two Sigma Investments LP now owns 60,810 shares of the business services provider's stock worth $3,510,000 after acquiring an additional 8,925 shares in the last quarter. State of Wyoming lifted its holdings in ManpowerGroup by 35.1% during the fourth quarter. State of Wyoming now owns 4,825 shares of the business services provider's stock worth $278,000 after acquiring an additional 1,253 shares in the last quarter. Finally, Toronto Dominion Bank bought a new position in ManpowerGroup during the fourth quarter worth about $849,000. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Stock Down 2.2%

Shares of ManpowerGroup stock traded down $0.94 during trading on Friday, reaching $42.09. The stock had a trading volume of 578,535 shares, compared to its average volume of 669,550. 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 has a fifty day moving average price of $47.95 and a two-hundred day moving average price of $55.32. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 14.08 and a beta of 1.09. ManpowerGroup Inc. has a 52 week low of $38.10 and a 52 week high of $78.22.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same period in the prior year, the firm posted $0.94 EPS. Sell-side analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

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

Analyst Upgrades and Downgrades

MAN has been the topic of several recent analyst reports. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Truist Financial cut their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Wall Street Zen lowered ManpowerGroup from a "hold" rating to a "sell" rating in a report on Wednesday. BMO Capital Markets cut their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, UBS Group cut their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, ManpowerGroup currently has a consensus rating of "Hold" and an average 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.