ManpowerGroup Inc. (NYSE:MAN) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 17.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,460 shares of the business services provider’s stock after purchasing an additional 5,472 shares during the period. Cerity Partners LLC owned 0.08% of ManpowerGroup worth $2,110,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new position in shares of ManpowerGroup during the 4th quarter valued at about $28,000. Fifth Third Bancorp grew its position in shares of ManpowerGroup by 48.6% during the 1st quarter. Fifth Third Bancorp now owns 743 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 243 shares during the period. GAMMA Investing LLC grew its position in shares of ManpowerGroup by 190.6% during the 1st quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 488 shares during the period. UMB Bank n.a. grew its position in shares of ManpowerGroup by 131.7% during the 1st quarter. UMB Bank n.a. now owns 899 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 511 shares during the period. Finally, WFA Asset Management Corp grew its position in shares of ManpowerGroup by 129.3% during the 1st quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 776 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $43.32 on Monday. The firm has a fifty day moving average price of $42.17 and a 200 day moving average price of $49.95. The company has a market cap of $2.00 billion, a P/E ratio of -114.00 and a beta of 1.07. ManpowerGroup Inc. has a 12 month low of $37.99 and a 12 month high of $77.85. The company has a current ratio of 0.98, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter last year, the company posted $1.30 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.72 per share. The ex-dividend date was Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup’s dividend payout ratio is currently -378.95%.

Wall Street Analysts Forecast Growth

MAN has been the topic of several research analyst reports. 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 report on Thursday, April 10th. BMO Capital Markets dropped their target price on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a report on Monday, April 21st. Truist Financial dropped their target price on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating for the company in a report on Monday, April 21st. Wall Street Zen upgraded ManpowerGroup from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.20.

ManpowerGroup Profile

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.