Capital Fund Management S.A. bought a new position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 32,236 shares of the business services provider’s stock, valued at approximately $1,302,000.
Other large investors have also recently modified their holdings of the company. Cetera Investment Advisers increased its stake in shares of ManpowerGroup by 16.5% in the 1st quarter. Cetera Investment Advisers now owns 9,748 shares of the business services provider’s stock valued at $564,000 after purchasing an additional 1,381 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in ManpowerGroup by 8.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,291 shares of the business services provider’s stock valued at $654,000 after buying an additional 916 shares in the last quarter. US Bancorp DE boosted its stake in ManpowerGroup by 14.0% in the first quarter. US Bancorp DE now owns 5,351 shares of the business services provider’s stock valued at $310,000 after buying an additional 656 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in ManpowerGroup by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 515,308 shares of the business services provider’s stock valued at $29,826,000 after acquiring an additional 10,391 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in ManpowerGroup by 523.6% during the first quarter. Deutsche Bank AG now owns 148,744 shares of the business services provider’s stock worth $8,609,000 after acquiring an additional 124,893 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Trading Down 2.4%
MAN opened at $28.09 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.00 and a quick ratio of 1.00. ManpowerGroup Inc. has a fifty-two week low of $26.14 and a fifty-two week high of $63.35. The company’s 50 day moving average price is $32.33 and its two-hundred day moving average price is $38.23. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of -59.76 and a beta of 0.89.
ManpowerGroup Announces Dividend
The business also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a $0.72 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a dividend yield of 505.0%. ManpowerGroup’s dividend payout ratio is presently -306.38%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on MAN shares. UBS Group reduced their price target on shares of ManpowerGroup from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Barclays dropped their price objective on shares of ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a research note on Monday, October 20th. Truist Financial lowered their price target on shares of ManpowerGroup from $48.00 to $44.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of ManpowerGroup in a report on Monday. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $40.67.
View Our Latest Stock Report on ManpowerGroup
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.
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