Quest Partners LLC Takes Position in ManpowerGroup Inc. (NYSE:MAN)

Quest Partners LLC bought a new stake in ManpowerGroup Inc. (NYSE:MAN) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 7,866 shares of the business services provider’s stock, valued at approximately $625,000.

Several other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of ManpowerGroup by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 3,759,889 shares of the business services provider’s stock valued at $298,798,000 after purchasing an additional 137,668 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of ManpowerGroup by 10.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,066,520 shares of the business services provider’s stock valued at $164,227,000 after purchasing an additional 193,444 shares during the period. Schroder Investment Management Group acquired a new position in shares of ManpowerGroup in the 3rd quarter valued at $94,417,000. Invesco Ltd. lifted its stake in shares of ManpowerGroup by 22.5% in the 3rd quarter. Invesco Ltd. now owns 1,283,262 shares of the business services provider’s stock valued at $94,089,000 after purchasing an additional 235,578 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of ManpowerGroup by 9.3% in the 3rd quarter. Wellington Management Group LLP now owns 1,079,177 shares of the business services provider’s stock valued at $79,125,000 after purchasing an additional 92,090 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $74.10 on Thursday. The firm has a 50-day simple moving average of $75.01 and a 200-day simple moving average of $75.18. The stock has a market capitalization of $3.53 billion, a price-to-earnings ratio of 76.39, a price-to-earnings-growth ratio of 1.55 and a beta of 1.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a 52 week low of $67.35 and a 52 week high of $88.91.

ManpowerGroup (NYSE:MAN) last issued its earnings results on Thursday, April 18th. The business services provider reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The business had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a net margin of 0.27% and a return on equity of 11.45%. The company’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share. On average, equities analysts predict that ManpowerGroup Inc. will post 5 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, June 14th. Stockholders of record on Monday, June 3rd will be given a $1.54 dividend. This represents a dividend yield of 3.8%. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47. The ex-dividend date is Monday, June 3rd. ManpowerGroup’s dividend payout ratio is 303.10%.

Wall Street Analysts Forecast Growth

MAN has been the subject of several analyst reports. StockNews.com cut shares of ManpowerGroup from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. JPMorgan Chase & Co. upped their price objective on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. UBS Group reduced their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Truist Financial upped their price objective on shares of ManpowerGroup from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets upped their price objective on shares of ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a research report on Monday, April 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and an average target price of $83.00.

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.