US Bancorp DE boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,773 shares of the business services provider’s stock after acquiring an additional 617 shares during the quarter. US Bancorp DE’s holdings in ManpowerGroup were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently added to or reduced their stakes in MAN. Invesco Ltd. lifted its position in ManpowerGroup by 67.2% during the 1st quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock worth $172,812,000 after acquiring an additional 739,380 shares during the period. AQR Capital Management LLC lifted its position in ManpowerGroup by 60.7% during the 2nd quarter. AQR Capital Management LLC now owns 1,349,219 shares of the business services provider’s stock worth $100,233,000 after acquiring an additional 509,571 shares during the period. Millennium Management LLC lifted its position in ManpowerGroup by 816.4% during the 2nd quarter. Millennium Management LLC now owns 293,212 shares of the business services provider’s stock worth $22,404,000 after acquiring an additional 261,217 shares during the period. Thrivent Financial for Lutherans lifted its position in ManpowerGroup by 22.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 879,204 shares of the business services provider’s stock worth $67,180,000 after acquiring an additional 163,277 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in ManpowerGroup by 62.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 322,086 shares of the business services provider’s stock worth $24,611,000 after acquiring an additional 124,324 shares during the period. 97.27% of the stock is owned by institutional investors and hedge funds.
ManpowerGroup Stock Performance
Shares of MAN stock opened at $88.72 on Monday. The stock has a fifty day moving average price of $85.71 and a 200 day moving average price of $78.71. The stock has a market cap of $4.49 billion, a PE ratio of 10.93, a P/E/G ratio of 2.32 and a beta of 1.69. ManpowerGroup Inc. has a 1 year low of $64.00 and a 1 year high of $115.54. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.22.
ManpowerGroup Dividend Announcement
The business also recently declared a Semi-Annual dividend, which was paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st were given a dividend of $1.36 per share. This represents a yield of 3.2%. The ex-dividend date was Wednesday, November 30th. ManpowerGroup’s payout ratio is 33.50%.
Wall Street Analyst Weigh In
Several analysts have recently commented on MAN shares. Credit Suisse Group reduced their price target on ManpowerGroup to $75.00 in a report on Thursday, October 27th. Robert W. Baird raised their price target on ManpowerGroup from $88.00 to $94.00 in a report on Friday, October 21st. Barclays reduced their price target on ManpowerGroup from $80.00 to $70.00 and set an “underweight” rating for the company in a report on Monday, October 10th. Jefferies Financial Group reissued a “hold” rating and issued a $72.00 price target on shares of ManpowerGroup in a report on Tuesday, October 25th. Finally, TheStreet raised ManpowerGroup from a “c+” rating to a “b-” rating in a report on Monday, November 21st. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $80.11.
ManpowerGroup Company Profile
ManpowerGroup, Inc engages in the provision of workforce solutions and services. It operates through the following segments: Americas, Southern Europe, Northern Europe, Asia Pacific Middle East, and Right Management. The Americas segment offers services as Manpower, Experis, and ManpowerGroup Solutions through both branch and franchise offices.
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