Russell Investments Group Ltd. Acquires 33,540 Shares of ManpowerGroup Inc. (NYSE:MAN)

Russell Investments Group Ltd. increased its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 41.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,218 shares of the business services provider's stock after purchasing an additional 33,540 shares during the quarter. Russell Investments Group Ltd. owned 0.24% of ManpowerGroup worth $9,157,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAN. Victory Capital Management Inc. raised its holdings in shares of ManpowerGroup by 11.5% during the third quarter. Victory Capital Management Inc. now owns 3,622,221 shares of the business services provider's stock valued at $265,581,000 after acquiring an additional 373,473 shares during the period. Schroder Investment Management Group acquired a new stake in shares of ManpowerGroup during the third quarter valued at approximately $94,417,000. Invesco Ltd. raised its holdings in shares of ManpowerGroup by 22.5% during the third quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider's stock valued at $94,089,000 after acquiring an additional 235,578 shares during the period. Wellington Management Group LLP raised its holdings in shares of ManpowerGroup by 9.3% during the third quarter. Wellington Management Group LLP now owns 1,079,177 shares of the business services provider's stock valued at $79,125,000 after acquiring an additional 92,090 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in ManpowerGroup by 0.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 556,715 shares of the business services provider's stock valued at $40,818,000 after buying an additional 5,099 shares during the period. 98.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a "hold" rating in a research note on Wednesday, January 31st. UBS Group dropped their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, April 19th. StockNews.com lowered shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. BMO Capital Markets upped their price objective on shares of ManpowerGroup from $81.00 to $84.00 and gave the company a "market perform" rating in a research note on Monday, April 22nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a "neutral" rating in a research report on Friday, April 19th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $83.00.

ManpowerGroup Stock Performance

Shares of NYSE MAN traded up $0.08 during trading hours on Tuesday, hitting $77.03. 254,706 shares of the stock were exchanged, compared to its average volume of 385,813. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.16. The company's 50 day moving average is $74.30 and its 200 day moving average is $74.67. The firm has a market capitalization of $3.73 billion, a P/E ratio of 79.41, a P/E/G ratio of 1.59 and a beta of 1.50. ManpowerGroup Inc. has a one year low of $67.35 and a one year high of $88.91.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.04. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. ManpowerGroup's quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 EPS. On average, research analysts expect that ManpowerGroup Inc. will post 4.99 EPS for the current year.

ManpowerGroup Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a dividend of $1.54 per share. This is a boost from ManpowerGroup's previous semi-annual dividend of $1.47. This represents a yield of 3.8%. The ex-dividend date is Monday, June 3rd. ManpowerGroup's dividend payout ratio is presently 303.10%.

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.