UBS Group AG cut its holdings in ManpowerGroup Inc. (NYSE:MAN – Free Report) by 39.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 715,447 shares of the business services provider’s stock after selling 471,314 shares during the period. UBS Group AG’s holdings in ManpowerGroup were worth $21,270,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MAN. Quarry LP bought a new stake in shares of ManpowerGroup during the 3rd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in ManpowerGroup in the third quarter worth approximately $30,000. UMB Bank n.a. lifted its stake in ManpowerGroup by 122.2% in the third quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock valued at $38,000 after buying an additional 545 shares during the period. Clearstead Advisors LLC lifted its stake in ManpowerGroup by 238.7% in the third quarter. Clearstead Advisors LLC now owns 1,050 shares of the business services provider’s stock valued at $40,000 after buying an additional 740 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of ManpowerGroup by 69.3% during the 3rd quarter. Allworth Financial LP now owns 1,121 shares of the business services provider’s stock worth $42,000 after buying an additional 459 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup Stock Performance
Shares of MAN stock opened at $28.97 on Tuesday. The firm has a market capitalization of $1.35 billion, a PE ratio of -78.28 and a beta of 0.74. The firm has a fifty day simple moving average of $28.80 and a two-hundred day simple moving average of $29.58. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. ManpowerGroup Inc. has a 12 month low of $25.15 and a 12 month high of $47.33.
ManpowerGroup Dividend Announcement
The firm also recently declared a dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a yield of 483.0%. ManpowerGroup’s dividend payout ratio (DPR) is presently -389.19%.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on MAN shares. The Goldman Sachs Group reiterated a “neutral” rating on shares of ManpowerGroup in a research note on Friday, April 17th. Weiss Ratings restated a “sell (d)” rating on shares of ManpowerGroup in a report on Friday, March 27th. Truist Financial decreased their price target on shares of ManpowerGroup from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, April 17th. UBS Group increased their price objective on shares of ManpowerGroup from $29.00 to $33.00 and gave the stock a “neutral” rating in a research report on Friday, April 17th. Finally, Barclays reduced their target price on ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, ManpowerGroup has an average rating of “Hold” and a consensus price target of $37.50.
Read Our Latest Research Report on ManpowerGroup
ManpowerGroup Profile
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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