Crossmark Global Holdings Inc. Increases Stake in ManpowerGroup Inc. (NYSE:MAN)

Crossmark Global Holdings Inc. raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 3.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,144 shares of the business services provider’s stock after acquiring an additional 849 shares during the period. Crossmark Global Holdings Inc.’s holdings in ManpowerGroup were worth $1,624,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MAN. Blue Trust Inc. grew its holdings in ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after buying an additional 375 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in ManpowerGroup during the 3rd quarter valued at approximately $54,000. Abich Financial Wealth Management LLC grew its holdings in ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after buying an additional 203 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in ManpowerGroup by 400.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock valued at $122,000 after buying an additional 1,333 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of ManpowerGroup in the second quarter valued at $130,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MAN shares. Truist Financial cut their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a report on Friday, October 18th. UBS Group cut 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. Barclays cut their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. Finally, BMO Capital Markets cut their target price on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $71.67.

ManpowerGroup Stock Up 1.0 %

NYSE MAN opened at $60.84 on Friday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a fifty day moving average of $59.66 and a two-hundred day moving average of $66.49. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 77.02 and a beta of 1.46. ManpowerGroup Inc. has a 52 week low of $53.70 and a 52 week high of $78.87.

ManpowerGroup Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $1.545 per share. This represents a $6.18 annualized dividend and a yield of 10.16%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. ManpowerGroup’s payout ratio is presently 389.88%.

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.