Graham Capital Management L.P. Purchases New Position in ManpowerGroup Inc. (NYSE:MAN)

Graham Capital Management L.P. bought a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 29,496 shares of the business services provider's stock, valued at approximately $1,703,000. Graham Capital Management L.P. owned 0.06% of ManpowerGroup as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of MAN. Barclays PLC boosted its holdings in ManpowerGroup by 62.9% in the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock worth $11,387,000 after buying an additional 59,821 shares during the period. Franklin Resources Inc. boosted its holdings in ManpowerGroup by 2.9% in the 3rd quarter. Franklin Resources Inc. now owns 186,295 shares of the business services provider's stock worth $13,464,000 after buying an additional 5,207 shares during the period. JPMorgan Chase & Co. boosted its holdings in ManpowerGroup by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock worth $11,950,000 after buying an additional 1,999 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in ManpowerGroup by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after buying an additional 234 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in ManpowerGroup by 1,373.9% in the 4th quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider's stock worth $3,086,000 after buying an additional 49,845 shares during the period. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Price Performance

Shares of MAN traded up $0.68 during midday trading on Friday, hitting $44.02. 1,784,786 shares of the company traded hands, compared to its average volume of 664,404. The firm has a 50 day moving average of $49.60 and a 200-day moving average of $56.04. ManpowerGroup Inc. has a 52 week low of $38.10 and a 52 week high of $78.22. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 14.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data 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). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The company had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the company earned $0.94 EPS. On average, analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

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

Analyst Ratings Changes

Several brokerages recently weighed in on MAN. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their target price for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their target price 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. UBS Group dropped their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Truist Financial dropped 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. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $57.50.

ManpowerGroup Company Profile

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.