BNP Paribas Financial Markets Has $2.63 Million Stake in ManpowerGroup Inc. (NYSE:MAN)

BNP Paribas Financial Markets raised its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 52.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,471 shares of the business services provider's stock after buying an additional 15,567 shares during the quarter. BNP Paribas Financial Markets owned 0.10% of ManpowerGroup worth $2,625,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Twin Capital Management Inc. boosted its position in ManpowerGroup by 1.7% in the fourth quarter. Twin Capital Management Inc. now owns 25,896 shares of the business services provider's stock valued at $1,495,000 after buying an additional 439 shares in the last quarter. Bank of Nova Scotia grew its stake in ManpowerGroup by 8.8% in the fourth quarter. Bank of Nova Scotia now owns 5,676 shares of the business services provider's stock valued at $328,000 after acquiring an additional 458 shares during the period. Synovus Financial Corp increased its holdings in shares of ManpowerGroup by 6.4% in the fourth quarter. Synovus Financial Corp now owns 8,428 shares of the business services provider's stock worth $486,000 after acquiring an additional 506 shares in the last quarter. KBC Group NV increased its stake in ManpowerGroup by 1.0% during the 4th quarter. KBC Group NV now owns 54,109 shares of the business services provider's stock worth $3,123,000 after purchasing an additional 536 shares in the last quarter. Finally, Alexander Randolph Advisory Inc. raised its holdings in shares of ManpowerGroup by 1.7% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 33,148 shares of the business services provider's stock worth $1,913,000 after acquiring an additional 545 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 2.5%

NYSE MAN traded down $1.10 on Wednesday, hitting $42.78. The company's stock had a trading volume of 378,876 shares, compared to its average volume of 663,658. The company's 50-day moving average is $49.01 and its 200 day moving average is $55.77. The firm has a market cap of $1.98 billion, a PE ratio of 14.32 and a beta of 1.09. ManpowerGroup Inc. has a 1-year low of $38.10 and a 1-year 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.

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 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 the consensus estimate of $3.94 billion. During the same period in the prior year, the business earned $0.94 earnings per share. As a group, analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently announced 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 yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup's payout ratio is presently 62.61%.

Wall Street Analyst Weigh In

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

ManpowerGroup 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.