Corient Private Wealth LLC increased its position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 286.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,874 shares of the business services provider’s stock after purchasing an additional 36,215 shares during the quarter. Corient Private Wealth LLC’s holdings in ManpowerGroup were worth $1,453,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new position in ManpowerGroup in the 3rd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new position in ManpowerGroup during the 3rd quarter worth about $30,000. Fifth Third Bancorp grew its holdings in 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 acquiring an additional 963 shares during the last quarter. Clearstead Advisors LLC increased its position in ManpowerGroup by 238.7% in the 3rd quarter. Clearstead Advisors LLC now owns 1,050 shares of the business services provider’s stock valued at $40,000 after acquiring an additional 740 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its stake in shares of ManpowerGroup by 320.8% in the fourth quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider’s stock worth $41,000 after acquiring an additional 1,049 shares during the last quarter. 98.03% of the stock is owned by institutional investors.
ManpowerGroup Trading Down 5.9%
MAN opened at $33.81 on Wednesday. The firm has a 50 day simple moving average of $31.02 and a 200 day simple moving average of $30.10. ManpowerGroup Inc. has a fifty-two week low of $25.15 and a fifty-two week high of $47.33. The company has a market cap of $1.57 billion, a price-to-earnings ratio of -91.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.12 and a quick ratio of 1.12.
ManpowerGroup Dividend Announcement
The business also recently disclosed a dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a dividend yield of 437.0%. ManpowerGroup’s payout ratio is -389.19%.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MAN. Barclays lowered their price target on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating for the company in a report on Monday, April 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a research report on Wednesday, June 24th. UBS Group lifted their target price on ManpowerGroup from $29.00 to $33.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. Wall Street Zen downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Robert W. Baird cut their price target on ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, April 17th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.50.
ManpowerGroup Profile
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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