ManpowerGroup (NYSE:MAN) Earns “Hold” Rating from Truist Financial

Truist Financial reaffirmed their hold rating on shares of ManpowerGroup (NYSE:MAN) in a research note issued to investors on Friday morning,Benzinga reports. They currently have a $70.00 target price on the business services provider’s stock, down from their prior target price of $74.00.

Several other analysts have also recently issued reports on MAN. Barclays decreased their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets lowered their price target on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a research report on Friday, October 18th. Finally, UBS Group lowered their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $69.33.

ManpowerGroup Stock Performance

NYSE MAN opened at $60.25 on Friday. 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 has a 1-year low of $53.70 and a 1-year high of $78.87. The business has a 50 day simple moving average of $59.56 and a two-hundred day simple moving average of $66.15. The stock has a market capitalization of $2.83 billion, a PE ratio of 76.26 and a beta of 1.46.

ManpowerGroup Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MAN. Pacer Advisors Inc. increased its holdings in shares of ManpowerGroup by 12,496.6% in the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after acquiring an additional 894,379 shares during the period. Geode Capital Management LLC raised its position in shares of ManpowerGroup by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock valued at $58,444,000 after purchasing an additional 4,113 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in ManpowerGroup in the 4th quarter worth approximately $34,200,000. Jacobs Levy Equity Management Inc. grew its position in ManpowerGroup by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock worth $40,414,000 after purchasing an additional 32,083 shares during the last quarter. Finally, Millennium Management LLC increased its stake in ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after purchasing an additional 253,287 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

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.