ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of "Hold" by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN - Get Free Report) have received a consensus recommendation of "Hold" from the six ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $57.50.

MAN has been the topic of several research analyst reports. Truist Financial reduced their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. UBS Group reduced their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. reduced their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Finally, BMO Capital Markets reduced their price objective 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.

Institutional Trading of ManpowerGroup

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Bayforest Capital Ltd purchased a new stake in ManpowerGroup during the first quarter worth about $349,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in ManpowerGroup by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider's stock worth $9,325,000 after purchasing an additional 13,906 shares during the period. Empowered Funds LLC increased its stake in ManpowerGroup by 3.2% during the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider's stock worth $778,000 after purchasing an additional 414 shares during the period. Goldman Sachs Group Inc. grew its position in shares of ManpowerGroup by 12.5% during the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider's stock worth $20,109,000 after buying an additional 38,710 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of ManpowerGroup during the first quarter worth about $1,111,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Up 0.0%

Shares of MAN opened at $43.98 on Tuesday. ManpowerGroup has a 52-week low of $38.10 and a 52-week high of $78.22. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average is $49.31 and its two-hundred day moving average is $55.85. The stock has a market cap of $2.04 billion, a PE ratio of 14.71 and a beta of 1.09.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings results 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 return on equity of 10.19% and a net margin of 0.81%. The company 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 earned $0.94 EPS. Research analysts forecast that ManpowerGroup will post 4.23 earnings per share 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. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.72 per share. 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 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.

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