Robeco Institutional Asset Management B.V. Has $22.73 Million Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Robeco Institutional Asset Management B.V. decreased its stake in ManpowerGroup Inc. (NYSE:MAN) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 393,832 shares of the business services provider’s stock after selling 9,238 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in ManpowerGroup were worth $22,732,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in ManpowerGroup by 248.3% during the third 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 acquired a new stake in shares of ManpowerGroup during the third quarter valued at approximately $54,000. R Squared Ltd acquired a new stake in shares of ManpowerGroup during the fourth quarter valued at approximately $95,000. Venturi Wealth Management LLC lifted 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 valued at $122,000 after acquiring an additional 1,333 shares in the last quarter. Finally, Covestor Ltd boosted its stake in ManpowerGroup by 66.8% in the 3rd quarter. Covestor Ltd now owns 2,280 shares of the business services provider’s stock worth $168,000 after purchasing an additional 913 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

Shares of NYSE MAN opened at $60.75 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. ManpowerGroup Inc. has a one year low of $53.70 and a one year high of $78.87. The business’s 50-day moving average price is $59.60 and its two-hundred day moving average price is $66.22. The company has a market capitalization 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. Investors of record on Monday, December 2nd were given a dividend of $1.545 per share. This represents a $6.18 annualized dividend and a yield of 10.17%. The ex-dividend date of this dividend was Monday, December 2nd. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. ManpowerGroup’s dividend payout ratio (DPR) is presently 389.88%.

Analyst Upgrades and Downgrades

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

About ManpowerGroup

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.