Envestnet Asset Management Inc. Trims Holdings in ManpowerGroup Inc. (NYSE:MAN)

Envestnet Asset Management Inc. reduced its holdings in shares of ManpowerGroup Inc. (NYSE:MAN – Get Rating) by 71.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,496 shares of the business services provider’s stock after selling 29,050 shares during the period. Envestnet Asset Management Inc.’s holdings in ManpowerGroup were worth $957,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of ManpowerGroup by 73.1% in the 3rd quarter. Signaturefd LLC now owns 502 shares of the business services provider’s stock valued at $32,000 after buying an additional 212 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in ManpowerGroup during the 4th quarter worth $46,000. Ellevest Inc. boosted its stake in ManpowerGroup by 53.9% during the 4th quarter. Ellevest Inc. now owns 594 shares of the business services provider’s stock worth $49,000 after purchasing an additional 208 shares during the period. EverSource Wealth Advisors LLC boosted its stake in ManpowerGroup by 28.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 773 shares of the business services provider’s stock worth $50,000 after purchasing an additional 169 shares during the period. Finally, Captrust Financial Advisors boosted its stake in ManpowerGroup by 72.6% during the 1st quarter. Captrust Financial Advisors now owns 858 shares of the business services provider’s stock worth $81,000 after purchasing an additional 361 shares during the period. 97.27% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Price Performance

MAN opened at $71.97 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.39. ManpowerGroup Inc. has a 52-week low of $64.00 and a 52-week high of $92.43. The company has a 50 day moving average of $76.11 and a two-hundred day moving average of $82.37. The company has a market cap of $3.63 billion, a P/E ratio of 10.46, a P/E/G ratio of 6.79 and a beta of 1.66.

ManpowerGroup Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $1.47 per share. This is an increase from ManpowerGroup’s previous Semi-Annual dividend of $1.36. This represents a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 31st. ManpowerGroup’s payout ratio is currently 39.53%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Northcoast Research cut shares of ManpowerGroup from a “buy” rating to a “neutral” rating in a research note on Thursday, January 26th. Robert W. Baird reduced their price objective on shares of ManpowerGroup from $101.00 to $97.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. StockNews.com initiated coverage on shares of ManpowerGroup in a research note on Thursday, May 18th. They issued a “hold” rating for the company. BMO Capital Markets reduced their price objective on shares of ManpowerGroup from $92.00 to $80.00 in a research note on Monday, April 24th. Finally, Truist Financial cut their target price on shares of ManpowerGroup from $92.00 to $80.00 and set a “hold” rating for the company in a research report on Friday, April 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, ManpowerGroup has a consensus rating of “Hold” and a consensus target price of $80.00.

About ManpowerGroup

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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 Corporate. The Americas segment offers services as Manpower, Experis, and ManpowerGroup solutions through both branch and franchise offices.