Militia Capital Management LLC purchased a new stake in ManpowerGroup Inc. (NYSE:MAN – Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 23,300 shares of the business services provider’s stock, valued at approximately $686,000.
Several other institutional investors also recently made changes to their positions in MAN. Quarry LP acquired a new stake in shares of ManpowerGroup during the 3rd quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in ManpowerGroup in the third quarter valued at $30,000. Fifth Third Bancorp boosted its holdings in ManpowerGroup by 637.7% in the fourth quarter. Fifth Third Bancorp now owns 1,114 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 963 shares during the last quarter. Hantz Financial Services Inc. grew its position in ManpowerGroup by 320.8% during the fourth quarter. Hantz Financial Services Inc. now owns 1,376 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 1,049 shares during the period. Finally, Leonteq Securities AG purchased a new stake in ManpowerGroup during the fourth quarter valued at about $46,000. 98.03% of the stock is owned by hedge funds and other institutional investors.
ManpowerGroup Trading Down 0.2%
Shares of MAN opened at $52.31 on Monday. ManpowerGroup Inc. has a 12 month low of $25.15 and a 12 month high of $57.08. The stock’s 50-day moving average is $38.73 and its two-hundred day moving average is $32.70. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.04 and a quick ratio of 1.12. The stock has a market cap of $2.43 billion, a PE ratio of 23.78 and a beta of 0.67.
ManpowerGroup Dividend Announcement
The company also recently disclosed a dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a $0.72 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a yield of 437.0%. ManpowerGroup’s dividend payout ratio (DPR) is 65.45%.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on MAN shares. Barclays upped their price target on ManpowerGroup from $30.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday, July 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a report on Wednesday, June 24th. BMO Capital Markets increased their target price on shares of ManpowerGroup from $49.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Robert W. Baird raised their price target on shares of ManpowerGroup from $45.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, July 17th. Finally, Wall Street Zen cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $53.50.
Get Our Latest Research Report on MAN
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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