Northern Trust Corp Has $25.25 Million Position in ManpowerGroup Inc. (NYSE:MAN)

Northern Trust Corp increased its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 437,495 shares of the business services provider's stock after buying an additional 84,741 shares during the period. Northern Trust Corp owned 0.93% of ManpowerGroup worth $25,252,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. acquired a new stake in ManpowerGroup during the fourth quarter worth approximately $34,200,000. Norges Bank bought a new position in shares of ManpowerGroup during the fourth quarter worth approximately $27,706,000. Barclays PLC lifted its holdings in ManpowerGroup by 194.3% during the 4th quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after purchasing an additional 300,917 shares during the last quarter. Prudential Financial Inc. boosted its stake in ManpowerGroup by 111.7% in the 4th quarter. Prudential Financial Inc. now owns 364,515 shares of the business services provider's stock valued at $21,040,000 after purchasing an additional 192,345 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in ManpowerGroup by 34.5% in the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after buying an additional 191,901 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Price Performance

MAN stock traded up $0.39 during mid-day trading on Friday, hitting $43.73. The stock had a trading volume of 116,573 shares, compared to its average volume of 891,185. The firm has a fifty day simple moving average of $49.92 and a 200 day simple moving average of $56.22. The firm has a market capitalization of $2.02 billion, a P/E ratio of 14.63 and a beta of 1.09. 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 Inc. has a 52 week low of $38.10 and a 52 week high of $78.22.

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). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the business earned $0.94 earnings per share. As a group, research analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

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

Analyst Ratings Changes

MAN has been the subject of a number of research reports. BMO Capital Markets dropped 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. Truist Financial dropped their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Finally, UBS Group reduced their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, ManpowerGroup presently has a consensus rating of "Hold" and an average target price of $57.50.

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.