Crawford Investment Counsel Inc. trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN – Free Report) by 14.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 443,046 shares of the business services provider’s stock after selling 71,974 shares during the quarter. Crawford Investment Counsel Inc. owned approximately 0.96% of ManpowerGroup worth $13,172,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board boosted its position in ManpowerGroup by 2.9% during the fourth quarter. State of Wisconsin Investment Board now owns 88,621 shares of the business services provider’s stock valued at $2,635,000 after purchasing an additional 2,469 shares in the last quarter. Graham Capital Management L.P. boosted its position in ManpowerGroup by 54.6% during the fourth quarter. Graham Capital Management L.P. now owns 20,971 shares of the business services provider’s stock valued at $623,000 after purchasing an additional 7,405 shares in the last quarter. RBF Capital LLC bought a new stake in ManpowerGroup during the fourth quarter valued at about $13,976,000. Aster Capital Management DIFC Ltd boosted its position in ManpowerGroup by 773.6% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 5,591 shares of the business services provider’s stock valued at $166,000 after purchasing an additional 4,951 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its position in ManpowerGroup by 46.7% during the fourth quarter. Squarepoint Ops LLC now owns 158,774 shares of the business services provider’s stock valued at $4,720,000 after purchasing an additional 50,523 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.
ManpowerGroup Price Performance
NYSE MAN opened at $34.18 on Wednesday. ManpowerGroup Inc. has a 12-month low of $25.15 and a 12-month high of $47.33. The firm’s fifty day simple moving average is $30.11 and its two-hundred day simple moving average is $29.72. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1.59 billion, a P/E ratio of -92.37 and a beta of 0.75.
ManpowerGroup Dividend Announcement
The business also recently disclosed a dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.72 per share. This represents a dividend yield of 437.0%. The ex-dividend date was Monday, June 1st. ManpowerGroup’s payout ratio is presently -389.19%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Truist Financial cut their price target on shares of ManpowerGroup from $38.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, April 17th. Robert W. Baird cut their price target on shares of ManpowerGroup from $50.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. Barclays cut their price target on shares of ManpowerGroup from $35.00 to $30.00 and set an “equal weight” rating on the stock in a report on Monday, April 13th. UBS Group lifted their price target on shares of ManpowerGroup from $29.00 to $33.00 and gave the stock a “neutral” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of ManpowerGroup in a report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.50.
Check Out Our Latest Report on ManpowerGroup
ManpowerGroup Company Profile
ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.
The company’s service offerings are organized into four principal brands.
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