Wealth Enhancement Advisory Services LLC Buys 12,226 Shares of ManpowerGroup Inc. (NYSE:MAN)

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 118.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 22,506 shares of the business services provider's stock after acquiring an additional 12,226 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in ManpowerGroup were worth $1,299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in ManpowerGroup during the fourth quarter worth $2,790,000. Mackenzie Financial Corp increased its position in ManpowerGroup by 122.8% during the 4th quarter. Mackenzie Financial Corp now owns 55,554 shares of the business services provider's stock valued at $3,207,000 after purchasing an additional 30,622 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of ManpowerGroup during the 4th quarter worth approximately $1,667,000. CSS LLC IL lifted its holdings in shares of ManpowerGroup by 26.1% in the 4th quarter. CSS LLC IL now owns 17,022 shares of the business services provider's stock worth $983,000 after purchasing an additional 3,522 shares in the last quarter. Finally, PharVision Advisers LLC bought a new position in shares of ManpowerGroup in the 4th quarter worth $475,000. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Truist Financial cut their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Wall Street Zen cut ManpowerGroup from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, 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. One 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Stock Down 0.7%

NYSE MAN traded down $0.31 during mid-day trading on Wednesday, reaching $42.39. 848,130 shares of the company's stock traded hands, compared to its average volume of 688,344. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 14.18 and a beta of 1.08. The company has a fifty day simple moving average of $43.69 and a 200-day simple moving average of $53.47. 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.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $698.30 million for the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the prior year, the firm posted $0.94 EPS. As a group, equities research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders 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 yield of 3.5%. ManpowerGroup's dividend payout ratio is presently 62.61%.

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.