Vanguard Group Inc. lessened its holdings in ManpowerGroup Inc. (NYSE:MAN – Free Report) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,020,038 shares of the business services provider’s stock after selling 191,054 shares during the period. Vanguard Group Inc. owned 0.13% of ManpowerGroup worth $178,976,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of MAN. Baird Financial Group Inc. acquired a new stake in shares of ManpowerGroup in the 1st quarter valued at $219,000. Goldman Sachs Group Inc. lifted its stake in shares of ManpowerGroup by 12.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock valued at $20,109,000 after purchasing an additional 38,710 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of ManpowerGroup by 3.2% in the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock valued at $778,000 after purchasing an additional 414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of ManpowerGroup by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock valued at $9,325,000 after purchasing an additional 13,906 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of ManpowerGroup in the 1st quarter valued at $348,000. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Stock Performance
Shares of MAN opened at $29.84 on Monday. The company’s fifty day moving average price is $28.70 and its 200 day moving average price is $29.64. ManpowerGroup Inc. has a one year low of $25.15 and a one year high of $47.33. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 1.11. The company has a market capitalization of $1.39 billion, a PE ratio of -80.64 and a beta of 0.74.
ManpowerGroup Announces Dividend
The business also recently disclosed a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a dividend of $0.72 per share. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 483.0%. ManpowerGroup’s payout ratio is presently -389.19%.
Analyst Upgrades and Downgrades
Several brokerages recently commented on MAN. Wall Street Zen upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, February 3rd. Truist Financial dropped their target price on shares of ManpowerGroup from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Robert W. Baird dropped their target price on shares of ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Finally, Barclays dropped their target price on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $37.50.
Get Our Latest Stock Report on ManpowerGroup
About ManpowerGroup
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
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