4,182 Shares in ManpowerGroup Inc. (NYSE:MAN) Bought by Merit Financial Group LLC

Merit Financial Group LLC purchased a new position in ManpowerGroup Inc. (NYSE:MAN) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,182 shares of the business services provider’s stock, valued at approximately $241,000.

A number of other institutional investors and hedge funds have also bought and sold shares of MAN. Sanctuary Advisors LLC grew its position in shares of ManpowerGroup by 39.8% during the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider’s stock worth $570,000 after purchasing an additional 2,208 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in ManpowerGroup by 168.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider’s stock worth $2,199,000 after purchasing an additional 18,764 shares during the period. National Bank of Canada FI purchased a new stake in ManpowerGroup during the 3rd quarter valued at approximately $1,250,000. Advisors Asset Management Inc. raised its position in shares of ManpowerGroup by 149.4% during the third quarter. Advisors Asset Management Inc. now owns 55,070 shares of the business services provider’s stock valued at $4,049,000 after buying an additional 32,992 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of ManpowerGroup during the third quarter valued at approximately $636,000. 98.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research note on Friday, October 18th. UBS Group cut their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Barclays reduced 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. Finally, Truist Financial dropped their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $71.67.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $60.35 on Friday. The company’s 50-day moving average price is $59.63 and its 200-day moving average price is $66.42. 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 market cap of $2.83 billion, a PE ratio of 76.39 and a beta of 1.46. ManpowerGroup Inc. has a twelve month low of $53.70 and a twelve month high of $78.87.

ManpowerGroup Increases Dividend

The business also recently disclosed 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 a boost from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 annualized dividend and a yield of 10.24%. The ex-dividend date was Monday, December 2nd. ManpowerGroup’s payout ratio is presently 389.88%.

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.