Schonfeld Strategic Advisors LLC Purchases 29,700 Shares of ManpowerGroup Inc. (NYSE:MAN)

Schonfeld Strategic Advisors LLC lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 693.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,980 shares of the business services provider's stock after acquiring an additional 29,700 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.07% of ManpowerGroup worth $1,961,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. WFA Asset Management Corp bought a new position in shares of ManpowerGroup in the 4th quarter worth about $35,000. SRS Capital Advisors Inc. increased its stake in shares of ManpowerGroup by 171.3% in the 4th 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 in the last quarter. Blue Trust Inc. increased its stake in shares of ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after acquiring an additional 778 shares in the last quarter. R Squared Ltd bought a new position in shares of ManpowerGroup in the 4th quarter worth about $95,000. Finally, Quarry LP increased its stake in shares of ManpowerGroup by 193.4% in the 4th quarter. Quarry LP now owns 2,262 shares of the business services provider's stock worth $131,000 after acquiring an additional 1,491 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Stock Performance

Shares of NYSE MAN traded up $0.06 during trading on Friday, reaching $41.47. 669,413 shares of the company traded hands, compared to its average volume of 652,389. The firm has a 50 day simple moving average of $51.33 and a 200-day simple moving average of $56.68. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.92 billion, a PE ratio of 13.87 and a beta of 1.09. ManpowerGroup Inc. has a 52-week low of $38.10 and a 52-week high of $78.87.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $698.30 million for the quarter, compared to analysts' expectations of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same period in the previous year, the business earned $0.94 EPS. Equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup's dividend payout ratio (DPR) is presently 62.61%.

Analyst Upgrades and Downgrades

MAN has been the subject of several research reports. JPMorgan Chase & Co. decreased their price target 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 cut their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. UBS Group cut their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. BMO Capital Markets cut their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Finally, Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $57.50.

About ManpowerGroup

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.