Nisa Investment Advisors LLC lifted its holdings in ManpowerGroup Inc. (NYSE:MAN – Free Report) by 42.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,320 shares of the business services provider’s stock after buying an additional 990 shares during the quarter. Nisa Investment Advisors LLC’s holdings in ManpowerGroup were worth $192,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in MAN. Blue Trust Inc. boosted its position in ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after buying an additional 375 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of ManpowerGroup during the third quarter valued at $54,000. Venturi Wealth Management LLC boosted its holdings in ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 1,333 shares during the last quarter. Covestor Ltd increased its position in ManpowerGroup by 66.8% in the third quarter. Covestor Ltd now owns 2,280 shares of the business services provider’s stock worth $168,000 after purchasing an additional 913 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in ManpowerGroup in the fourth quarter worth about $201,000. Institutional investors and hedge funds own 98.03% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Barclays reduced their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. UBS Group lowered their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Truist Financial cut their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. Finally, BMO Capital Markets decreased their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, ManpowerGroup presently has an average rating of “Hold” and an average target price of $71.67.
ManpowerGroup Price Performance
Shares of MAN stock opened at $60.75 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. ManpowerGroup Inc. has a 12-month low of $53.70 and a 12-month high of $78.87. The firm has a fifty day moving average of $59.60 and a 200-day moving average of $66.22. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 76.89 and a beta of 1.46.
ManpowerGroup Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were issued a dividend of $1.545 per share. This represents a $6.18 annualized dividend and a dividend yield of 10.17%. The ex-dividend date was Monday, December 2nd. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s payout ratio is 389.88%.
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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