Ontario Teachers Pension Plan Board Acquires 2,829 Shares of ManpowerGroup Inc. (NYSE:MAN)

Ontario Teachers Pension Plan Board lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,310 shares of the business services provider’s stock after buying an additional 2,829 shares during the period. Ontario Teachers Pension Plan Board’s holdings in ManpowerGroup were worth $1,296,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MAN. Venturi Wealth Management LLC grew its stake in shares of ManpowerGroup by 54.8% in the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock worth $36,000 after acquiring an additional 160 shares during the period. Hexagon Capital Partners LLC raised its stake in ManpowerGroup by 145.7% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after buying an additional 644 shares during the last quarter. Covestor Ltd lifted its holdings in shares of ManpowerGroup by 8.0% during the 3rd quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock valued at $189,000 after buying an additional 190 shares during the period. M&T Bank Corp purchased a new position in shares of ManpowerGroup in the 4th quarter worth $206,000. Finally, Camelot Portfolios LLC bought a new stake in shares of ManpowerGroup in the fourth quarter worth $236,000. 98.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MAN shares. UBS Group dropped their target price on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Truist Financial increased their price target on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research note on Friday, April 19th. BMO Capital Markets upped their price objective on ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a research note on Monday, April 22nd. Finally, StockNews.com downgraded ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.00.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock traded up $0.01 during trading hours on Friday, hitting $74.66. The company’s stock had a trading volume of 307,896 shares, compared to its average volume of 327,506. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.17 and a current ratio of 1.17. ManpowerGroup Inc. has a 12-month low of $67.35 and a 12-month high of $88.91. The business has a 50 day moving average price of $75.10 and a two-hundred day moving average price of $75.19. The company has a market cap of $3.56 billion, a PE ratio of 76.97, a PEG ratio of 1.56 and a beta of 1.50.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.04. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. During the same period in the previous year, the firm earned $1.61 EPS. The firm’s revenue was down 7.3% compared to the same quarter last year. Analysts expect that ManpowerGroup Inc. will post 5 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, June 14th. Investors of record on Monday, June 3rd will be paid a dividend of $1.54 per share. This represents a yield of 3.8%. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47. The ex-dividend date is Monday, June 3rd. ManpowerGroup’s dividend payout ratio (DPR) is presently 303.10%.

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.