AXQ Capital LP bought a new stake in ManpowerGroup Inc. (NYSE:MAN – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,900 shares of the business services provider’s stock, valued at approximately $440,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of ManpowerGroup during the 1st quarter worth approximately $30,000. Allworth Financial LP boosted its holdings in shares of ManpowerGroup by 321.7% in the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 505 shares in the last quarter. Huntington National Bank raised its stake in shares of ManpowerGroup by 41.6% during the 2nd quarter. Huntington National Bank now owns 997 shares of the business services provider’s stock worth $40,000 after buying an additional 293 shares in the last quarter. Caption Management LLC purchased a new stake in shares of ManpowerGroup during the 1st quarter worth $123,000. Finally, PNC Financial Services Group Inc. increased its holdings in ManpowerGroup by 11.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,756 shares of the business services provider’s stock valued at $111,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.
ManpowerGroup Stock Performance
Shares of MAN stock opened at $28.09 on Monday. The company has a market cap of $1.30 billion, a P/E ratio of -59.76 and a beta of 1.06. The business has a 50 day moving average of $34.05 and a two-hundred day moving average of $39.09. ManpowerGroup Inc. has a 52 week low of $26.14 and a 52 week high of $65.17. The company has a quick ratio of 0.98, a current ratio of 1.00 and a debt-to-equity ratio of 0.23.
ManpowerGroup Dividend Announcement
The firm also recently announced a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.72 dividend. This represents a yield of 521.0%. The ex-dividend date is Monday, December 1st. ManpowerGroup’s dividend payout ratio (DPR) is currently -306.38%.
Wall Street Analyst Weigh In
Several research firms have weighed in on MAN. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Barclays decreased their price target on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of ManpowerGroup in a report on Wednesday. The Goldman Sachs Group cut their target price on shares of ManpowerGroup from $33.00 to $29.00 and set a “sell” rating on the stock in a research note on Friday. Finally, UBS Group dropped their price objective on shares of ManpowerGroup from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $40.67.
Check Out Our Latest Research Report on ManpowerGroup
ManpowerGroup Company 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.
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