ARGA Investment Management LP Buys 1,544 Shares of ManpowerGroup Inc. (NYSE:MAN)

ARGA Investment Management LP raised its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 91,752 shares of the business services provider’s stock after buying an additional 1,544 shares during the quarter. ARGA Investment Management LP’s holdings in ManpowerGroup were worth $5,296,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. WFA Asset Management Corp bought a new stake in shares of ManpowerGroup during the 4th quarter valued at about $35,000. Blue Trust Inc. lifted its holdings in 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 during the period. Capital Performance Advisors LLP bought a new stake in ManpowerGroup during the 3rd quarter valued at approximately $54,000. R Squared Ltd purchased a new position in shares of ManpowerGroup during the 4th quarter worth approximately $95,000. Finally, Venturi Wealth Management LLC raised its position in shares of 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 acquiring an additional 1,333 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Barclays dropped their price target on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a research report on Friday, January 3rd. BMO Capital Markets cut their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research report on Friday, October 18th. UBS Group dropped their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Truist Financial reiterated a “hold” rating and set a $70.00 target price (down from $74.00) on shares of ManpowerGroup in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $69.33.

ManpowerGroup Stock Up 1.1 %

Shares of MAN stock opened at $59.08 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87. The stock has a market cap of $2.77 billion, a P/E ratio of 19.76 and a beta of 1.45. The company has a 50 day simple moving average of $59.33 and a two-hundred day simple moving average of $65.86.

ManpowerGroup Increases Dividend

The business 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 represents a $6.18 annualized dividend and a dividend yield of 10.46%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. ManpowerGroup’s dividend payout ratio is 103.01%.

ManpowerGroup 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.