Graham Capital Management L.P. Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Graham Capital Management L.P. purchased a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,496 shares of the business services provider's stock, valued at approximately $1,703,000. Graham Capital Management L.P. owned about 0.06% of ManpowerGroup as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in MAN. Harbor Capital Advisors Inc. increased its position in ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after purchasing an additional 234 shares during the last quarter. Twin Capital Management Inc. raised its position in shares of ManpowerGroup by 1.7% in the 4th quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider's stock valued at $1,495,000 after purchasing an additional 439 shares in the last quarter. Bank of Nova Scotia grew its position in shares of ManpowerGroup by 8.8% during the fourth quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider's stock worth $328,000 after buying an additional 458 shares in the last quarter. Colonial Trust Co SC bought a new stake in shares of ManpowerGroup in the fourth quarter worth $28,000. Finally, Synovus Financial Corp raised its holdings in ManpowerGroup by 6.4% in the fourth quarter. Synovus Financial Corp now owns 8,428 shares of the business services provider's stock valued at $486,000 after acquiring an additional 506 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on MAN shares. 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 research report on Thursday, April 10th. BMO Capital Markets reduced their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Truist Financial decreased their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. UBS Group reduced their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. lowered their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Stock Performance

MAN stock traded up $0.34 during trading on Thursday, reaching $43.32. 593,381 shares of the company's stock were exchanged, compared to its average volume of 656,175. ManpowerGroup Inc. has a 1-year low of $38.10 and a 1-year high of $78.80. The firm has a market cap of $2.00 billion, a PE ratio of 14.49 and a beta of 1.09. The company's fifty day moving average price is $50.28 and its 200-day moving average price is $56.36. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced 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 the consensus estimate of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the prior year, the company earned $0.94 EPS. On average, research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's dividend payout ratio (DPR) is 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.