State of Wyoming Purchases 1,253 Shares of ManpowerGroup Inc. (NYSE:MAN)

State of Wyoming lifted its holdings in ManpowerGroup Inc. (NYSE:MAN) by 35.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 4,825 shares of the business services provider’s stock after purchasing an additional 1,253 shares during the quarter. State of Wyoming’s holdings in ManpowerGroup were worth $278,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in ManpowerGroup by 62.9% in the 3rd quarter. Barclays PLC now owns 154,886 shares of the business services provider’s stock valued at $11,387,000 after acquiring an additional 59,821 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of ManpowerGroup in the 4th quarter valued at about $241,000. Crossmark Global Holdings Inc. lifted its holdings in shares of ManpowerGroup by 3.1% in the fourth quarter. Crossmark Global Holdings Inc. now owns 28,144 shares of the business services provider’s stock valued at $1,624,000 after purchasing an additional 849 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of ManpowerGroup by 42.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,320 shares of the business services provider’s stock valued at $192,000 after purchasing an additional 990 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider’s stock worth $75,000 after buying an additional 778 shares during the period. Institutional investors own 98.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on MAN shares. Barclays raised ManpowerGroup from an “underweight” rating to an “equal weight” rating and dropped their target price for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. Wall Street Zen downgraded shares of ManpowerGroup from a “hold” rating to a “sell” rating in a report on Wednesday. BMO Capital Markets reduced their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating for the company in a report on Monday, April 21st. UBS Group lowered their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Finally, Truist Financial cut their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $57.50.

ManpowerGroup Price Performance

NYSE:MAN opened at $43.00 on Friday. ManpowerGroup Inc. has a 1-year low of $38.10 and a 1-year high of $78.22. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $48.32 and a 200 day simple moving average of $55.54. The stock has a market capitalization of $1.99 billion, a PE ratio of 14.38 and a beta of 1.09.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The firm had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the business earned $0.94 EPS. On average, research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.72 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup’s dividend payout ratio (DPR) is currently 62.61%.

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.