Fifth Third Bancorp raised its position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 980.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 12,039 shares of the business services provider’s stock after purchasing an additional 10,925 shares during the quarter. Fifth Third Bancorp’s holdings in ManpowerGroup were worth $355,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of MAN. Quarry LP acquired a new position in ManpowerGroup in the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new position in ManpowerGroup in the third quarter valued at approximately $30,000. Hantz Financial Services Inc. increased its stake in shares of ManpowerGroup by 320.8% in the 4th quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,049 shares in the last quarter. Leonteq Securities AG bought a new stake in shares of ManpowerGroup in the 4th quarter valued at $46,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of ManpowerGroup by 177.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,773 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 1,134 shares during the period. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Trading Up 0.8%
NYSE MAN opened at $52.31 on Friday. The company has a current ratio of 1.04, a quick ratio of 1.12 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $38.73 and a 200 day simple moving average of $32.69. ManpowerGroup Inc. has a 12 month low of $25.15 and a 12 month high of $57.08. The firm has a market capitalization of $2.43 billion, a P/E ratio of 23.78 and a beta of 0.73.
ManpowerGroup Announces Dividend
The company also recently declared a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a dividend of $0.72 per share. The ex-dividend date was Monday, June 1st. This represents a yield of 437.0%. ManpowerGroup’s payout ratio is 65.45%.
Analyst Ratings Changes
A number of research firms have recently issued reports on MAN. Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a research report on Wednesday, June 24th. BMO Capital Markets increased their price target on ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a report on Friday, July 17th. UBS Group upped their target price on ManpowerGroup from $41.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, July 17th. The Goldman Sachs Group increased their target price on ManpowerGroup from $36.00 to $57.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, Truist Financial lifted their price target on shares of ManpowerGroup from $34.00 to $50.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Three 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. According to data from MarketBeat.com, ManpowerGroup currently has a consensus rating of “Hold” and a consensus price target of $53.50.
View Our Latest 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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