Kettle Hill Capital Management LLC Buys New Shares in ManpowerGroup Inc. (NYSE:MAN)

Kettle Hill Capital Management LLC purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 44,581 shares of the business services provider’s stock, valued at approximately $2,573,000. Kettle Hill Capital Management LLC owned approximately 0.09% of ManpowerGroup at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its position in ManpowerGroup by 62.9% during the third quarter. Barclays PLC now owns 154,886 shares of the business services provider’s stock worth $11,387,000 after buying an additional 59,821 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of ManpowerGroup by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 186,295 shares of the business services provider’s stock worth $13,464,000 after acquiring an additional 5,207 shares during the last quarter. JPMorgan Chase & Co. raised its stake in ManpowerGroup by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider’s stock valued at $11,950,000 after acquiring an additional 1,999 shares during the period. Nordea Investment Management AB boosted its position in ManpowerGroup by 4.8% during the fourth quarter. Nordea Investment Management AB now owns 84,153 shares of the business services provider’s stock worth $4,835,000 after purchasing an additional 3,886 shares during the period. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of ManpowerGroup by 0.5% in the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after purchasing an additional 234 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Stock Up 0.1 %

MAN stock opened at $41.47 on Friday. ManpowerGroup Inc. has a 52 week low of $38.10 and a 52 week high of $78.87. The business has a 50-day simple moving average of $51.33 and a 200 day simple moving average of $56.72. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a market cap of $1.94 billion, a PE ratio of 13.87 and a beta of 1.09.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.72 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup’s payout ratio is 133.91%.

Analysts Set New Price Targets

Several brokerages recently commented on MAN. UBS Group reduced their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. Truist Financial reduced their price target on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, BMO Capital Markets reduced their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, ManpowerGroup presently has a consensus rating of “Hold” and a consensus target price of $57.50.

About ManpowerGroup

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.