ManpowerGroup Inc. (NYSE:MAN) Given Average Recommendation of “Hold” by Brokerages

ManpowerGroup Inc. (NYSE:MAN) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $71.67.

A number of brokerages have weighed in on MAN. UBS Group reduced their target price on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. BMO Capital Markets dropped their target price 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. Truist Financial cut their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research report on Friday, October 18th. Finally, Barclays reduced their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd.

Hedge Funds Weigh In On ManpowerGroup

A number of institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. lifted its position in ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after acquiring an additional 894,379 shares in the last quarter. AQR Capital Management LLC grew its position in ManpowerGroup by 55.3% in the 2nd quarter. AQR Capital Management LLC now owns 1,608,368 shares of the business services provider’s stock worth $112,264,000 after purchasing an additional 573,027 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in shares of ManpowerGroup by 480.1% in the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after acquiring an additional 268,866 shares in the last quarter. Millennium Management LLC increased its position in shares of ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after purchasing an additional 253,287 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in ManpowerGroup by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock worth $160,539,000 after acquiring an additional 103,059 shares during the period. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Trading Up 2.0 %

Shares of NYSE:MAN opened at $60.74 on Wednesday. The company has a market capitalization of $2.85 billion, a P/E ratio of 76.89 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50 day simple moving average is $59.78 and its 200 day simple moving average is $66.58. ManpowerGroup has a 1 year low of $53.70 and a 1 year high of $78.87.

ManpowerGroup Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $1.545 dividend. This represents a $6.18 dividend on an annualized basis and a yield of 10.17%. This is a boost from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is presently 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.