Nisa Investment Advisors LLC Acquires 990 Shares of ManpowerGroup Inc. (NYSE:MAN)

Nisa Investment Advisors LLC raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 42.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,320 shares of the business services provider’s stock after buying an additional 990 shares during the period. Nisa Investment Advisors LLC’s holdings in ManpowerGroup were worth $192,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Blue Trust Inc. grew its stake in ManpowerGroup by 248.3% in the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after buying an additional 375 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in ManpowerGroup during the third quarter valued at about $54,000. Venturi Wealth Management LLC grew its position in shares of ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 1,333 shares during the last quarter. Covestor Ltd increased its stake in shares of ManpowerGroup by 66.8% in the third quarter. Covestor Ltd now owns 2,280 shares of the business services provider’s stock worth $168,000 after purchasing an additional 913 shares during the period. Finally, Everence Capital Management Inc. acquired a new position in shares of ManpowerGroup during the 4th quarter worth about $201,000. Institutional investors and hedge funds own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MAN shares. Barclays lowered their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. BMO Capital Markets lowered their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. UBS Group cut their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Truist Financial decreased their price target 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. One research analyst has rated the stock with a sell rating, five 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 target price of $71.67.

ManpowerGroup Stock Up 0.6 %

Shares of MAN opened at $60.75 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $59.60 and a two-hundred day moving average price of $66.22. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 76.89 and a beta of 1.46. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87.

ManpowerGroup Increases Dividend

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