ARGA Investment Management LP Has $3.14 Million Stock Position in ManpowerGroup Inc. (NYSE:MAN)

ARGA Investment Management LP grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 40.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,480 shares of the business services provider's stock after acquiring an additional 11,416 shares during the period. ARGA Investment Management LP owned 0.08% of ManpowerGroup worth $3,137,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its holdings in shares of ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider's stock worth $36,000 after purchasing an additional 160 shares during the period. Hexagon Capital Partners LLC increased its stake in ManpowerGroup by 145.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider's stock valued at $86,000 after acquiring an additional 644 shares during the last quarter. Covestor Ltd increased its stake in ManpowerGroup by 8.0% in the third quarter. Covestor Ltd now owns 2,578 shares of the business services provider's stock valued at $189,000 after acquiring an additional 190 shares during the last quarter. M&T Bank Corp bought a new position in ManpowerGroup in the fourth quarter valued at approximately $206,000. Finally, Camelot Portfolios LLC bought a new position in ManpowerGroup in the fourth quarter valued at approximately $236,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Trading Down 0.7 %

Shares of NYSE:MAN traded down $0.57 during mid-day trading on Thursday, reaching $77.19. 343,381 shares of the company's stock were exchanged, compared to its average volume of 380,467. ManpowerGroup Inc. has a twelve month low of $67.35 and a twelve month high of $88.91. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $3.68 billion, a price-to-earnings ratio of 79.61, a PEG ratio of 1.63 and a beta of 1.50. The business's fifty day moving average price is $74.90 and its 200-day moving average price is $75.02.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.04. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The business had revenue of $4.40 billion during the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm's quarterly revenue was down 7.3% compared to the same quarter last year. On average, research analysts predict that ManpowerGroup Inc. will post 5 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 paid a $1.54 dividend. This represents a yield of 3.8%. This is a boost from ManpowerGroup's previous semi-annual dividend of $1.47. The ex-dividend date of this dividend is Monday, June 3rd. ManpowerGroup's payout ratio is presently 303.10%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MAN. UBS Group decreased 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. JPMorgan Chase & Co. raised their target price on shares of ManpowerGroup from $82.00 to $84.00 and gave the company a "neutral" rating in a research report on Friday, April 19th. BMO Capital Markets raised their target price on shares of ManpowerGroup from $81.00 to $84.00 and gave the company a "market perform" rating in a research report on Monday, April 22nd. Truist Financial raised their target price on shares of ManpowerGroup from $75.00 to $78.00 and gave the company a "hold" rating in a research report on Wednesday, January 31st. Finally, StockNews.com lowered shares of ManpowerGroup from a "buy" rating to a "hold" rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.

Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.