Tudor Investment Corp ET AL Sells 37,677 Shares of ManpowerGroup Inc. (NYSE:MAN)

Tudor Investment Corp ET AL decreased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 71.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,272 shares of the business services provider's stock after selling 37,677 shares during the period. Tudor Investment Corp ET AL's holdings in ManpowerGroup were worth $882,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Quarry LP increased its stake in ManpowerGroup by 193.4% during the 4th quarter. Quarry LP now owns 2,262 shares of the business services provider's stock valued at $131,000 after buying an additional 1,491 shares during the period. Aquatic Capital Management LLC lifted its position in shares of ManpowerGroup by 2,290.1% in the fourth quarter. Aquatic Capital Management LLC now owns 64,533 shares of the business services provider's stock worth $3,725,000 after purchasing an additional 61,833 shares in the last quarter. Oxford Asset Management LLP acquired a new position in shares of ManpowerGroup in the fourth quarter worth $432,000. Susquehanna Fundamental Investments LLC acquired a new position in ManpowerGroup in the fourth quarter worth approximately $5,978,000. Finally, Nebula Research & Development LLC bought a new stake in shares of ManpowerGroup during the 4th quarter worth about $660,000. 98.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAN. Barclays raised shares of 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 report on Thursday, April 10th. UBS Group lowered their price objective 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. decreased their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. BMO Capital Markets cut their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Finally, Truist Financial lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Stock Up 0.1 %

Shares of NYSE MAN traded up $0.06 during mid-day trading on Friday, reaching $41.47. 669,413 shares of the company's stock were exchanged, compared to its average volume of 651,092. ManpowerGroup Inc. has a twelve month low of $38.10 and a twelve month high of $78.87. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.87 and a beta of 1.09. The business has a fifty day simple moving average of $51.33 and a 200 day simple moving average of $56.76.

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

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's dividend payout ratio (DPR) is presently 133.91%.

ManpowerGroup Company 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.