Capital Fund Management S.A. purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 32,236 shares of the business services provider’s stock, valued at approximately $1,302,000. Capital Fund Management S.A. owned about 0.07% of ManpowerGroup as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in shares of ManpowerGroup by 16.5% during the 1st quarter. Cetera Investment Advisers now owns 9,748 shares of the business services provider’s stock worth $564,000 after acquiring an additional 1,381 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in ManpowerGroup by 8.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,291 shares of the business services provider’s stock valued at $654,000 after purchasing an additional 916 shares during the last quarter. US Bancorp DE boosted its position in ManpowerGroup by 14.0% during the first quarter. US Bancorp DE now owns 5,351 shares of the business services provider’s stock worth $310,000 after purchasing an additional 656 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of ManpowerGroup by 2.1% in the first quarter. Charles Schwab Investment Management Inc. now owns 515,308 shares of the business services provider’s stock valued at $29,826,000 after purchasing an additional 10,391 shares during the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of ManpowerGroup by 523.6% in the first quarter. Deutsche Bank AG now owns 148,744 shares of the business services provider’s stock valued at $8,609,000 after purchasing an additional 124,893 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.
ManpowerGroup Trading Down 2.4%
Shares of MAN stock opened at $28.09 on Friday. The stock has a market cap of $1.30 billion, a P/E ratio of -59.76 and a beta of 0.89. ManpowerGroup Inc. has a 1 year low of $26.14 and a 1 year high of $63.35. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $32.33 and a 200 day simple moving average of $38.23.
ManpowerGroup Announces Dividend
The company also recently disclosed a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a yield of 505.0%. ManpowerGroup’s dividend payout ratio is currently -306.38%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on MAN shares. Barclays cut their target price on shares of ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, October 17th. Weiss Ratings restated a “sell (d)” rating on shares of ManpowerGroup in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating for the company in a report on Monday, October 20th. Truist Financial decreased their target price on ManpowerGroup from $48.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Finally, The Goldman Sachs Group dropped their price target on ManpowerGroup from $33.00 to $29.00 and set a “sell” rating for the company in a report on Friday, November 21st. Five analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, ManpowerGroup currently has an average rating of “Reduce” and a consensus target price of $40.67.
View Our Latest Stock Report on MAN
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.
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