Louisiana State Employees Retirement System purchased a new stake in ManpowerGroup Inc. (NYSE:MAN – Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 20,500 shares of the business services provider’s stock, valued at approximately $604,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in ManpowerGroup during the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of ManpowerGroup during the 3rd quarter worth $30,000. Fifth Third Bancorp grew its position in shares of ManpowerGroup by 637.7% during the 4th quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock worth $33,000 after buying an additional 963 shares in the last quarter. Hantz Financial Services Inc. increased its stake in shares of ManpowerGroup by 320.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider’s stock valued at $41,000 after buying an additional 1,049 shares during the period. Finally, Allworth Financial LP increased its stake in shares of ManpowerGroup by 69.3% during the third quarter. Allworth Financial LP now owns 1,121 shares of the business services provider’s stock valued at $42,000 after buying an additional 459 shares during the period. Institutional investors own 98.03% of the company’s stock.
ManpowerGroup Stock Performance
Shares of ManpowerGroup stock opened at $39.42 on Wednesday. The company has a market capitalization of $1.83 billion, a PE ratio of -106.55 and a beta of 0.73. The company has a 50-day simple moving average of $31.80 and a two-hundred day simple moving average of $30.43. 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 quick ratio of 1.12 and a current ratio of 1.12.
ManpowerGroup Dividend Announcement
The company also recently announced a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a $0.72 dividend. This represents a yield of 437.0%. The ex-dividend date was Monday, June 1st. ManpowerGroup’s dividend payout ratio (DPR) is -389.19%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a research note on Wednesday, June 24th. Wall Street Zen cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Robert W. Baird dropped their price objective on shares of ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. The Goldman Sachs Group reissued a “neutral” rating on shares of ManpowerGroup in a report on Friday, April 17th. Finally, Truist Financial lowered their target price on ManpowerGroup from $38.00 to $34.00 and set a “hold” rating for the company in a report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $37.50.
Check Out Our Latest Analysis 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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