BNP Paribas Financial Markets Buys 15,567 Shares of ManpowerGroup Inc. (NYSE:MAN)

BNP Paribas Financial Markets increased its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 52.1% during the fourth quarter, according to the company in its most recent 13F filing with the 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 about 0.10% of ManpowerGroup worth $2,625,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MAN. Barclays PLC increased its holdings in shares of ManpowerGroup by 62.9% during the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock valued at $11,387,000 after acquiring an additional 59,821 shares in the last quarter. Assenagon Asset Management S.A. grew its position 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 valued at $3,086,000 after purchasing an additional 49,845 shares during the period. Merit Financial Group LLC bought a new stake in ManpowerGroup during the 4th quarter valued at $241,000. Crossmark Global Holdings Inc. raised its holdings in ManpowerGroup by 3.1% during the fourth quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider's stock worth $1,624,000 after buying an additional 849 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in ManpowerGroup by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider's stock worth $192,000 after buying an additional 990 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. UBS Group reduced their price objective 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. StockNews.com cut shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Truist Financial lowered their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Finally, Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their target price for the company from $55.00 to $50.00 in a report on Thursday, April 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Stock Performance

Shares of MAN traded down $0.16 on Thursday, reaching $42.57. 57,815 shares of the company's stock traded hands, compared to its average volume of 664,187. The stock's 50 day simple moving average is $48.66 and its two-hundred day simple moving average is $55.68. The stock has a market cap of $1.97 billion, a PE ratio of 14.25 and a beta of 1.09. ManpowerGroup Inc. has a 52-week low of $38.10 and a 52-week high of $78.22. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data 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 business 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 last year, the company earned $0.94 EPS. On average, analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued 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.