UBS Group AG lessened its stake in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 39.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 715,447 shares of the business services provider’s stock after selling 471,314 shares during the period. UBS Group AG owned 1.55% of ManpowerGroup worth $21,270,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of MAN. Quarry LP bought a new stake in ManpowerGroup during the third quarter worth about $25,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at approximately $30,000. UMB Bank n.a. lifted its holdings in shares of ManpowerGroup by 122.2% during the 3rd quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock worth $38,000 after acquiring an additional 545 shares during the period. Clearstead Advisors LLC lifted its stake in ManpowerGroup by 238.7% during the third quarter. Clearstead Advisors LLC now owns 1,050 shares of the business services provider’s stock worth $40,000 after purchasing an additional 740 shares during the last quarter. Finally, Allworth Financial LP lifted its position in shares of ManpowerGroup by 69.3% during the 3rd quarter. Allworth Financial LP now owns 1,121 shares of the business services provider’s stock worth $42,000 after buying an additional 459 shares during the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup Trading Down 2.9%
NYSE MAN opened at $28.97 on Tuesday. The firm has a market capitalization of $1.35 billion, a PE ratio of -78.28 and a beta of 0.74. The business’s 50-day moving average price is $28.80 and its two-hundred day moving average price is $29.58. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.50. ManpowerGroup Inc. has a 12 month low of $25.15 and a 12 month high of $47.33.
ManpowerGroup Announces Dividend
The company also recently declared a dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.72 dividend. The ex-dividend date is Monday, June 1st. This represents a dividend yield of 483.0%. ManpowerGroup’s payout ratio is -389.19%.
Analyst Upgrades and Downgrades
MAN has been the subject of a number of research reports. Truist Financial dropped their price target on ManpowerGroup from $38.00 to $34.00 and set a “hold” rating for the company in a research note on Friday, April 17th. Barclays lowered their price objective on ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating for the company in a research note on Monday, April 13th. Wall Street Zen upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a research report on Friday, March 27th. Finally, Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Tuesday, February 3rd. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $37.50.
View Our Latest Stock Report on MAN
ManpowerGroup Company 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.
Read More
- Five stocks we like better than ManpowerGroup
- Sell in May and Go Away—Starting With These 3 Stocks
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
Receive News & Ratings for ManpowerGroup Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ManpowerGroup and related companies with MarketBeat.com's FREE daily email newsletter.
