R Squared Ltd Takes $95,000 Position in ManpowerGroup Inc. (NYSE:MAN)

R Squared Ltd acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,650 shares of the business services provider’s stock, valued at approximately $95,000.

Other large investors have also added to or reduced their stakes in the company. Blue Trust Inc. lifted its holdings in shares of ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock worth $37,000 after buying an additional 375 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in ManpowerGroup during the 3rd quarter worth approximately $54,000. Venturi Wealth Management LLC lifted its stake in ManpowerGroup by 400.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after purchasing an additional 1,333 shares in the last quarter. Covestor Ltd boosted its holdings in ManpowerGroup by 66.8% in the 3rd quarter. Covestor Ltd now owns 2,280 shares of the business services provider’s stock valued at $168,000 after purchasing an additional 913 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of ManpowerGroup by 42.5% during the 4th 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. Institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

MAN has been the topic of a number of recent analyst reports. UBS Group lowered their price objective on ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Barclays cut their price objective on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. BMO Capital Markets dropped their target price on shares of 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, Truist Financial decreased their price target on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $71.67.

ManpowerGroup Stock Up 0.6 %

Shares of MAN opened at $60.75 on Friday. ManpowerGroup Inc. has a 1 year low of $53.70 and a 1 year high of $78.87. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a 50 day simple moving average of $59.60 and a two-hundred day simple moving average of $66.22. The firm has a market cap of $2.85 billion, a P/E ratio of 76.89 and a beta of 1.46.

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 2nd were paid a $1.545 dividend. This is a boost 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 dividend yield of 10.17%. ManpowerGroup’s dividend payout ratio is 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.