Pacer Advisors Inc. Has $404,000 Position in ManpowerGroup Inc. (NYSE:MAN)

Pacer Advisors Inc. decreased its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 99.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,995 shares of the business services provider’s stock after selling 894,541 shares during the quarter. Pacer Advisors Inc.’s holdings in ManpowerGroup were worth $404,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MAN. Blue Trust Inc. raised its stake in shares of ManpowerGroup by 248.3% during the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of ManpowerGroup during the 3rd quarter valued at $54,000. Venturi Wealth Management LLC lifted its stake in shares of ManpowerGroup by 400.3% in the 3rd 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 period. Covestor Ltd boosted its position in shares of ManpowerGroup by 66.8% in the 3rd 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 last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of ManpowerGroup by 42.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider’s stock worth $192,000 after purchasing an additional 990 shares during the period. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Stock Performance

Shares of ManpowerGroup stock opened at $59.08 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 19.76 and a beta of 1.45. ManpowerGroup Inc. has a one year low of $53.70 and a one year high of $78.87. The stock’s 50-day moving average is $59.33 and its 200-day moving average is $65.86.

ManpowerGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders 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 dividend yield of 10.46%. The ex-dividend date of this dividend was Monday, December 2nd. ManpowerGroup’s dividend payout ratio (DPR) is currently 103.01%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MAN. 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. JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, January 31st. UBS Group cut their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial reissued a “hold” rating and issued a $70.00 price target (down previously from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Finally, BMO Capital Markets dropped their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, ManpowerGroup currently has an average rating of “Hold” and a consensus target price of $69.33.

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.