ManpowerGroup’s (MAN) “Hold” Rating Reiterated at Truist Financial

Truist Financial reaffirmed their hold rating on shares of ManpowerGroup (NYSE:MAN) in a research note released on Friday morning,Benzinga reports. Truist Financial currently has a $70.00 price objective on the business services provider’s stock, down from their previous price objective of $74.00.

A number of other analysts have also commented on the stock. Barclays reduced their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a research note on Friday, January 3rd. UBS Group cut their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, BMO Capital Markets cut 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 report on Friday, October 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $69.33.

ManpowerGroup Trading Down 0.8 %

Shares of NYSE MAN opened at $60.25 on Friday. ManpowerGroup has a 1 year low of $53.70 and a 1 year high of $78.87. The stock has a market cap of $2.83 billion, a P/E ratio of 76.26 and a beta of 1.46. The firm has a 50-day moving average of $59.56 and a 200 day moving average of $66.05. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15.

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a $1.545 dividend. The ex-dividend date was Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a yield of 10.26%. ManpowerGroup’s dividend payout ratio is 389.88%.

Institutional Trading of ManpowerGroup

Hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its position in shares of ManpowerGroup by 12,496.6% during the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after buying an additional 894,379 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of ManpowerGroup during the fourth quarter valued at about $34,200,000. Point72 Asset Management L.P. lifted its position in shares of ManpowerGroup by 480.1% during the third quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider’s stock valued at $23,884,000 after buying an additional 268,866 shares during the last quarter. Millennium Management LLC lifted its position in shares of ManpowerGroup by 163.7% during the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after buying an additional 253,287 shares during the last quarter. Finally, KLCM Advisors Inc. lifted its position in shares of ManpowerGroup by 153.9% during the fourth quarter. KLCM Advisors Inc. now owns 296,594 shares of the business services provider’s stock valued at $17,119,000 after buying an additional 179,788 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

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.