SG Americas Securities LLC grew its stake in ManpowerGroup Inc. (NYSE:MAN – Free Report) by 350.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,942 shares of the business services provider’s stock after buying an additional 22,521 shares during the period. SG Americas Securities LLC owned approximately 0.06% of ManpowerGroup worth $2,389,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Deutsche Bank AG increased its stake in ManpowerGroup by 29.0% in the fourth quarter. Deutsche Bank AG now owns 473,853 shares of the business services provider’s stock valued at $39,429,000 after acquiring an additional 106,649 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its position in ManpowerGroup by 15.1% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 6,213 shares of the business services provider’s stock worth $513,000 after buying an additional 813 shares during the last quarter. Ronald Blue Trust Inc. boosted its stake in ManpowerGroup by 129.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 884 shares of the business services provider’s stock worth $57,000 after buying an additional 498 shares in the last quarter. Shelton Capital Management bought a new position in ManpowerGroup during the fourth quarter valued at approximately $220,000. Finally, Xponance Inc. raised its stake in shares of ManpowerGroup by 9.9% during the fourth quarter. Xponance Inc. now owns 6,719 shares of the business services provider’s stock worth $559,000 after acquiring an additional 608 shares in the last quarter. Hedge funds and other institutional investors own 94.95% of the company’s stock.
ManpowerGroup Stock Performance
NYSE:MAN opened at $77.82 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.39. ManpowerGroup Inc. has a twelve month low of $64.00 and a twelve month high of $92.43. The stock has a market cap of $3.92 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 7.64 and a beta of 1.67. The firm’s fifty day simple moving average is $77.26 and its 200 day simple moving average is $80.51.
ManpowerGroup Increases Dividend
The company also recently declared a Semi-Annual dividend, which was paid on Thursday, June 15th. Investors of record on Thursday, June 1st were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Wednesday, May 31st. This is a positive change from ManpowerGroup’s previous Semi-Annual dividend of $1.36. This represents a dividend yield of 3.9%. ManpowerGroup’s payout ratio is currently 42.73%.
Wall Street Analyst Weigh In
MAN has been the topic of several recent research reports. BMO Capital Markets reduced their target price on shares of ManpowerGroup from $92.00 to $80.00 in a report on Monday, April 24th. Truist Financial decreased their price objective on ManpowerGroup from $92.00 to $80.00 and set a “hold” rating on the stock in a report on Friday, April 21st. Argus lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. The Goldman Sachs Group lifted their price target on ManpowerGroup from $69.00 to $79.00 and gave the stock a “sell” rating in a research note on Friday. Finally, Redburn Partners initiated coverage on ManpowerGroup in a research note on Tuesday, June 20th. They set a “buy” rating and a $94.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $81.70.
ManpowerGroup Company Profile
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.
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