Graham Capital Management L.P. Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Graham Capital Management L.P. bought a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,496 shares of the business services provider’s stock, valued at approximately $1,703,000. Graham Capital Management L.P. owned about 0.06% of ManpowerGroup as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of MAN. Colonial Trust Co SC acquired a new stake in shares of ManpowerGroup during the fourth quarter valued at $28,000. WFA Asset Management Corp purchased a new position in shares of ManpowerGroup in the 4th quarter worth about $35,000. SRS Capital Advisors Inc. raised its holdings in shares of ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after purchasing an additional 562 shares during the period. Blue Trust Inc. raised its holdings in shares of ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock valued at $75,000 after buying an additional 778 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of ManpowerGroup during the 4th quarter valued at about $95,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on MAN. BMO Capital Markets dropped their target price on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a report on Monday, April 21st. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. Truist Financial reduced their price objective on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research report on Monday, April 21st. UBS Group reduced their price objective on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Finally, Barclays raised ManpowerGroup from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $57.50.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $41.47 on Monday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The company has a market capitalization of $1.92 billion, a PE ratio of 13.87 and a beta of 1.09. The stock has a fifty day moving average of $51.33 and a 200-day moving average of $56.68. ManpowerGroup Inc. has a one year low of $38.10 and a one year high of $78.87.

ManpowerGroup (NYSE:MAN) last released its 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 firm had revenue of $698.30 million during the quarter, compared to analysts’ expectations of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same period last year, the business earned $0.94 earnings per share. As a group, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.72 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup’s payout ratio is currently 62.61%.

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.