Point72 Hong Kong Ltd boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 578.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 89,842 shares of the business services provider's stock after acquiring an additional 76,602 shares during the period. Point72 Hong Kong Ltd owned 0.19% of ManpowerGroup worth $5,186,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC purchased a new position in ManpowerGroup during the fourth quarter valued at $28,000. WFA Asset Management Corp purchased a new position in ManpowerGroup during the fourth quarter valued at $35,000. SRS Capital Advisors Inc. grew its stake in ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after acquiring an additional 562 shares in the last quarter. Blue Trust Inc. grew its stake in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after acquiring an additional 778 shares in the last quarter. Finally, R Squared Ltd bought a new position in ManpowerGroup during the fourth quarter valued at $95,000. 98.03% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have commented on MAN shares. BMO Capital Markets lowered their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. lowered their price objective 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. UBS Group lowered their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, Truist Financial lowered their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, ManpowerGroup currently has an average rating of "Hold" and a consensus target price of $57.50.
View Our Latest Stock Report on MAN
ManpowerGroup Trading Up 1.6%
Shares of ManpowerGroup stock traded up $0.68 during trading on Friday, hitting $44.02. The stock had a trading volume of 1,784,786 shares, compared to its average volume of 664,404. The firm's fifty day simple moving average is $49.60 and its 200-day simple moving average is $56.04. The stock has a market cap of $2.04 billion, a PE ratio of 14.72 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. ManpowerGroup Inc. has a 12 month low of $38.10 and a 12 month 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 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 company had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. During the same quarter in the previous year, the business earned $0.94 EPS. As a group, sell-side analysts expect that ManpowerGroup Inc. will post 4.23 EPS 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 is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's payout ratio is 62.61%.
ManpowerGroup Company Profile
(
Free Report)
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.
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