Candriam Luxembourg S.C.A. boosted its stake in ManpowerGroup Inc. (NYSE:MAN) by 8.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 15,040 shares of the business services provider’s stock after acquiring an additional 1,204 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in ManpowerGroup were worth $1,731,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado grew its stake in ManpowerGroup by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 13,756 shares of the business services provider’s stock valued at $1,735,000 after acquiring an additional 427 shares during the period. Profund Advisors LLC grew its stake in ManpowerGroup by 6.2% in the 4th quarter. Profund Advisors LLC now owns 7,635 shares of the business services provider’s stock valued at $963,000 after acquiring an additional 447 shares during the period. Rhumbline Advisers grew its stake in ManpowerGroup by 0.4% in the 4th quarter. Rhumbline Advisers now owns 124,904 shares of the business services provider’s stock valued at $15,752,000 after acquiring an additional 550 shares during the period. Meridian Wealth Management LLC grew its stake in ManpowerGroup by 26.9% in the 1st quarter. Meridian Wealth Management LLC now owns 2,640 shares of the business services provider’s stock valued at $304,000 after acquiring an additional 560 shares during the period. Finally, Thrivent Financial for Lutherans grew its stake in ManpowerGroup by 4.1% in the 1st quarter. Thrivent Financial for Lutherans now owns 14,991 shares of the business services provider’s stock valued at $1,725,000 after acquiring an additional 597 shares during the period. 93.03% of the stock is currently owned by hedge funds and other institutional investors.
NYSE MAN opened at $93.07 on Friday. ManpowerGroup Inc. has a 52 week low of $89.99 and a 52 week high of $136.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market cap of $6.06 billion, a PE ratio of 13.22 and a beta of 1.35.
The business also recently declared a semiannual dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a dividend of $1.01 per share. This represents a dividend yield of 2.1%. The ex-dividend date is Thursday, May 31st. This is a positive change from ManpowerGroup’s previous semiannual dividend of $0.93. ManpowerGroup’s payout ratio is currently 28.69%.
A number of equities research analysts recently issued reports on MAN shares. Argus lifted their price target on shares of ManpowerGroup from $120.23 to $138.00 and gave the company a “buy” rating in a research note on Thursday, March 8th. Barclays cut shares of ManpowerGroup from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $130.00 to $115.00 in a research note on Tuesday, April 3rd. Zacks Investment Research cut shares of ManpowerGroup from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 9th. BMO Capital Markets lowered their target price on shares of ManpowerGroup from $136.00 to $120.00 and set an “outperform” rating on the stock in a research note on Friday, April 20th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $116.00 target price on shares of ManpowerGroup in a research note on Monday, April 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $119.91.
ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. The company's recruitment service portfolio includes permanent, temporary, and contract recruitment of professionals, as well as administrative and industrial positions.
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