Kettle Hill Capital Management LLC Invests $2.57 Million in ManpowerGroup Inc. (NYSE:MAN)

Kettle Hill Capital Management LLC acquired a new stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 44,581 shares of the business services provider's stock, valued at approximately $2,573,000. Kettle Hill Capital Management LLC owned 0.09% of ManpowerGroup at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Colonial Trust Co SC bought a new stake in shares of ManpowerGroup in the 4th quarter valued at approximately $28,000. WFA Asset Management Corp bought a new stake in shares of ManpowerGroup in the 4th quarter valued at approximately $35,000. SRS Capital Advisors Inc. increased its holdings in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. increased its holdings in ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after purchasing an additional 778 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in ManpowerGroup during the 4th quarter valued at $95,000. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Trading Down 1.9%

MAN traded down $0.82 during mid-day trading on Wednesday, reaching $42.99. The stock had a trading volume of 941,994 shares, compared to its average volume of 656,426. The stock has a market capitalization of $1.99 billion, a P/E ratio of 14.38 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. The firm's fifty day simple moving average is $50.28 and its two-hundred day simple moving average is $56.36. ManpowerGroup Inc. has a 52 week low of $38.10 and a 52 week high of $78.80.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates 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 net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, equities analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

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

Analyst Ratings Changes

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