Chicago Partners Investment Group LLC Invests $231,000 in ManpowerGroup Inc. (NYSE:MAN)

Chicago Partners Investment Group LLC bought a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,167 shares of the business services provider’s stock, valued at approximately $231,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in ManpowerGroup during the 2nd quarter valued at about $421,000. SG Americas Securities LLC raised its holdings in shares of ManpowerGroup by 25.4% in the 3rd quarter. SG Americas Securities LLC now owns 11,982 shares of the business services provider’s stock worth $881,000 after purchasing an additional 2,425 shares in the last quarter. CWM LLC boosted its stake in shares of ManpowerGroup by 77.0% during the 3rd quarter. CWM LLC now owns 13,188 shares of the business services provider’s stock worth $970,000 after acquiring an additional 5,739 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after acquiring an additional 375 shares during the last quarter. Finally, Impact Partnership Wealth LLC raised its position in shares of ManpowerGroup by 9.8% during the third quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after purchasing an additional 329 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Down 1.2 %

ManpowerGroup stock opened at $58.28 on Thursday. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 19.49 and a beta of 1.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The company’s fifty day moving average price is $59.20 and its two-hundred day moving average price is $65.80. ManpowerGroup Inc. has a one year low of $53.70 and a one year high of $78.87.

ManpowerGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $1.545 per share. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a dividend yield of 10.60%. The ex-dividend date was Monday, December 2nd. ManpowerGroup’s dividend payout ratio is currently 103.01%.

Analyst Ratings Changes

MAN has been the topic of several recent analyst reports. UBS Group cut their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. lowered their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Truist Financial restated a “hold” rating and issued a $70.00 target price (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. BMO Capital Markets decreased their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Finally, Barclays lowered their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $69.33.

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.