GAMMA Investing LLC Buys 42,807 Shares of ManpowerGroup Inc. (NYSE:MAN)

GAMMA Investing LLC increased its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 16,721.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,063 shares of the business services provider’s stock after buying an additional 42,807 shares during the quarter. GAMMA Investing LLC’s holdings in ManpowerGroup were worth $2,492,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Colonial Trust Co SC bought a new position in shares of ManpowerGroup during the 4th quarter worth approximately $28,000. SRS Capital Advisors Inc. lifted its position in shares of ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider’s stock worth $51,000 after buying an additional 562 shares during the period. Quarry LP lifted its position in shares of ManpowerGroup by 193.4% during the 4th quarter. Quarry LP now owns 2,262 shares of the business services provider’s stock worth $131,000 after buying an additional 1,491 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of ManpowerGroup by 34.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider’s stock worth $133,000 after buying an additional 587 shares during the period. Finally, Headlands Technologies LLC lifted its position in shares of ManpowerGroup by 443.7% during the 4th quarter. Headlands Technologies LLC now owns 2,588 shares of the business services provider’s stock worth $149,000 after buying an additional 2,112 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Up 1.2%

NYSE MAN opened at $42.89 on Friday. The stock has a fifty day moving average of $43.57 and a 200-day moving average of $53.32. The stock has a market capitalization of $1.99 billion, a P/E ratio of 14.34 and a beta of 1.08. ManpowerGroup Inc. has a 52 week low of $38.10 and a 52 week high of $78.22. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12.

ManpowerGroup (NYSE:MAN) last released its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The firm had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same period last year, the business posted $0.94 earnings per share. On average, equities research analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup’s dividend payout ratio (DPR) is currently 62.61%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MAN. UBS Group cut their price objective on ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. Wall Street Zen downgraded ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. BMO Capital Markets cut their price objective on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a research report on Monday, April 21st. Barclays upgraded ManpowerGroup from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating for the company in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.60.

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.