Price T Rowe Associates Inc. MD lessened its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 28.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 32,767 shares of the business services provider's stock after selling 13,345 shares during the period. Price T Rowe Associates Inc. MD owned 0.07% of ManpowerGroup worth $1,892,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of the company. WFA Asset Management Corp acquired a new stake in ManpowerGroup in the 4th quarter valued at about $35,000. SRS Capital Advisors Inc. grew its position in shares of ManpowerGroup by 171.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after acquiring an additional 562 shares during the last quarter. Blue Trust Inc. raised its position in ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after purchasing an additional 778 shares during the last quarter. R Squared Ltd acquired a new stake in ManpowerGroup during the 4th quarter worth $95,000. Finally, PNC Financial Services Group Inc. grew its position in ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock worth $133,000 after purchasing an additional 587 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.
Wall Street Analysts Forecast Growth
MAN has been the topic of several analyst reports. UBS Group lowered their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research note on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research note on Monday, April 21st. Truist Financial lowered their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their target price for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. Finally, BMO Capital Markets decreased their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, ManpowerGroup currently has an average rating of "Hold" and an average price target of $57.50.
Check Out Our Latest Research Report on ManpowerGroup
ManpowerGroup Price Performance
MAN stock traded up $0.06 during midday trading on Friday, hitting $41.47. 669,413 shares of the stock were exchanged, compared to its average volume of 651,092. The stock's 50-day moving average price is $51.33 and its 200-day moving average price is $56.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 13.87 and a beta of 1.09. ManpowerGroup Inc. has a fifty-two week low of $38.10 and a fifty-two week high of $78.87.
ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The business had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Research analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.
ManpowerGroup Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued 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 dividend payout ratio (DPR) is 133.91%.
About ManpowerGroup
(
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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