ManpowerGroup’s (MAN) “Hold” Rating Reaffirmed at Truist Financial

Truist Financial restated their hold rating on shares of ManpowerGroup (NYSE:MAN) in a research note published on Friday,Benzinga reports. Truist Financial currently has a $70.00 price objective on the business services provider’s stock, down from their prior price objective of $74.00.

Several other equities analysts also recently weighed in on MAN. BMO Capital Markets reduced their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. UBS Group lowered their price target on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Barclays reduced their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, ManpowerGroup has an average rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Trading Down 0.8 %

NYSE MAN opened at $60.25 on Friday. The stock’s 50 day moving average is $59.56 and its 200 day moving average is $66.15. The firm has a market capitalization of $2.83 billion, a PE ratio of 76.26 and a beta of 1.46. 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 has a twelve month low of $53.70 and a twelve month high of $78.87.

ManpowerGroup Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid 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 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend was Monday, December 2nd. ManpowerGroup’s payout ratio is currently 389.88%.

Institutional Investors Weigh In On ManpowerGroup

Hedge funds and other institutional investors have recently modified their holdings of the stock. Commerce Bank grew its holdings in ManpowerGroup by 4.1% during the third quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock valued at $314,000 after purchasing an additional 167 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of ManpowerGroup by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after acquiring an additional 234 shares during the period. State of Alaska Department of Revenue increased its holdings in ManpowerGroup by 4.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after acquiring an additional 235 shares in the last quarter. Impact Partnership Wealth LLC raised its stake in ManpowerGroup by 9.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after acquiring an additional 329 shares during the period. Finally, Captrust Financial Advisors lifted its stake in shares of ManpowerGroup by 11.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after buying an additional 344 shares in the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

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.