Citigroup Inc. Has $3.02 Million Holdings in ManpowerGroup Inc. (NYSE:MAN)

Citigroup Inc. lessened its holdings in shares of ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 5.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,326 shares of the business services provider’s stock after selling 1,951 shares during the quarter. Citigroup Inc. owned approximately 0.07% of ManpowerGroup worth $3,023,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Ellevest Inc. acquired a new position in shares of ManpowerGroup in the third quarter valued at approximately $25,000. Signaturefd LLC boosted its stake in shares of ManpowerGroup by 73.1% in the third quarter. Signaturefd LLC now owns 502 shares of the business services provider’s stock valued at $32,000 after buying an additional 212 shares during the period. Exchange Traded Concepts LLC bought a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $46,000. EverSource Wealth Advisors LLC boosted its stake in shares of ManpowerGroup by 28.0% in the third quarter. EverSource Wealth Advisors LLC now owns 773 shares of the business services provider’s stock valued at $50,000 after buying an additional 169 shares during the period. Finally, Ronald Blue Trust Inc. boosted its stake in shares of ManpowerGroup by 129.0% in the fourth quarter. Ronald Blue Trust Inc. now owns 884 shares of the business services provider’s stock valued at $57,000 after buying an additional 498 shares during the period. Institutional investors and hedge funds own 97.27% of the company’s stock.

Insider Buying and Selling at ManpowerGroup

In other ManpowerGroup news, SVP Donald O. Mondano sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 23rd. The shares were sold at an average price of $85.50, for a total transaction of $213,750.00. Following the completion of the sale, the senior vice president now directly owns 5,440 shares in the company, valued at $465,120. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial cut their target price on ManpowerGroup from $92.00 to $80.00 and set a “hold” rating for the company in a research note on Friday, April 21st. Northcoast Research cut ManpowerGroup from a “buy” rating to a “neutral” rating in a research note on Thursday, January 26th. Robert W. Baird lowered their target price on ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, April 21st. StockNews.com initiated coverage on ManpowerGroup in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Argus lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Thursday, April 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $80.00.

ManpowerGroup Stock Up 1.5 %

Shares of NYSE:MAN opened at $74.06 on Tuesday. ManpowerGroup Inc. has a 52-week low of $64.00 and a 52-week high of $92.77. The firm has a fifty day moving average of $76.50 and a 200 day moving average of $82.53. The firm has a market capitalization of $3.73 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 6.63 and a beta of 1.66. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.24 and a current ratio of 1.24.

ManpowerGroup Increases Dividend

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be given a dividend of $1.47 per share. This represents a yield of 3.9%. This is a positive change from ManpowerGroup’s previous Semi-Annual dividend of $1.36. The ex-dividend date is Wednesday, May 31st. ManpowerGroup’s dividend payout ratio is presently 42.73%.

ManpowerGroup Profile

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ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.