ManpowerGroup Inc. (NYSE:MAN) Stock Position Boosted by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC raised its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 13.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 111,605 shares of the business services provider's stock after acquiring an additional 13,422 shares during the quarter. Kovitz Investment Group Partners LLC owned approximately 0.23% of ManpowerGroup worth $8,869,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. grew its position in shares of ManpowerGroup by 15.5% in the 3rd quarter. Xponance Inc. now owns 7,108 shares of the business services provider's stock valued at $521,000 after buying an additional 954 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of ManpowerGroup by 18.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,746 shares of the business services provider's stock worth $715,000 after purchasing an additional 1,542 shares in the last quarter. Advisor Partners II LLC lifted its holdings in shares of ManpowerGroup by 6.1% in the 3rd quarter. Advisor Partners II LLC now owns 3,983 shares of the business services provider's stock valued at $292,000 after purchasing an additional 229 shares during the last quarter. ING Groep NV acquired a new stake in shares of ManpowerGroup in the 3rd quarter valued at about $1,019,000. Finally, Strengthening Families & Communities LLC boosted its position in shares of ManpowerGroup by 21.1% in the 3rd quarter. Strengthening Families & Communities LLC now owns 3,337 shares of the business services provider's stock valued at $244,000 after purchasing an additional 582 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Stock Performance

Shares of MAN stock traded up $0.45 during trading hours on Friday, reaching $76.70. 328,196 shares of the company's stock were exchanged, compared to its average volume of 398,049. 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 $74.62 and its two-hundred day moving average is $74.83. The company has a market cap of $3.66 billion, a P/E ratio of 79.07, a price-to-earnings-growth ratio of 1.60 and a beta of 1.50. ManpowerGroup Inc. has a 1 year low of $67.35 and a 1 year high of $88.91.

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

ManpowerGroup Increases Dividend

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

Analyst Upgrades and Downgrades

MAN has been the subject of a number of research reports. BMO Capital Markets boosted their price objective on ManpowerGroup from $81.00 to $84.00 and gave the company a "market perform" rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. lifted their price objective on shares of ManpowerGroup from $82.00 to $84.00 and gave the company a "neutral" rating in a research note on Friday, April 19th. StockNews.com downgraded shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research note on Wednesday, January 31st. Truist Financial raised their price target on ManpowerGroup from $75.00 to $78.00 and gave the stock a "hold" rating in a report on Wednesday, January 31st. Finally, UBS Group reduced their price objective on ManpowerGroup from $81.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, April 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.00.

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.