ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of “Reduce” by Brokerages

Shares of ManpowerGroup Inc. (NYSE:MAN) have earned a consensus recommendation of “Reduce” from the seven analysts that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $38.8333.

Several analysts recently commented on MAN shares. Barclays dropped their price target on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, October 17th. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, October 20th. UBS Group reduced their target price on shares of ManpowerGroup from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday, January 16th. Truist Financial lowered their price target on shares of ManpowerGroup from $48.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, BMO Capital Markets upgraded shares of ManpowerGroup from a “market perform” rating to an “outperform” rating and set a $44.00 price objective for the company in a report on Thursday, December 18th.

ManpowerGroup Price Performance

NYSE:MAN opened at $30.61 on Friday. The stock has a 50 day moving average of $29.30 and a two-hundred day moving average of $35.22. ManpowerGroup has a 12 month low of $26.14 and a 12 month high of $63.35. The firm has a market cap of $1.42 billion, a P/E ratio of -65.12 and a beta of 0.88. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23.

ManpowerGroup Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date was Monday, December 1st. This represents a yield of 505.0%. ManpowerGroup’s dividend payout ratio (DPR) is presently -306.38%.

Institutional Trading of ManpowerGroup

Several large investors have recently added to or reduced their stakes in MAN. Baird Financial Group Inc. acquired a new stake in shares of ManpowerGroup in the 1st quarter worth $219,000. Goldman Sachs Group Inc. grew its holdings in shares of ManpowerGroup by 12.5% in the first quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock valued at $20,109,000 after purchasing an additional 38,710 shares during the period. Empowered Funds LLC increased its position in ManpowerGroup by 3.2% during the first quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock worth $778,000 after purchasing an additional 414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in ManpowerGroup by 9.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock worth $9,325,000 after purchasing an additional 13,906 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in ManpowerGroup during the first quarter worth about $348,000. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.