ManpowerGroup (NYSE:MAN) Upgraded to “B-” by TheStreet

TheStreet upgraded shares of ManpowerGroup (NYSE:MANGet Rating) from a c+ rating to a b- rating in a research note issued to investors on Monday, TheStreetRatingsTable reports.

MAN has been the topic of several other reports. Robert W. Baird lifted their target price on shares of ManpowerGroup from $88.00 to $94.00 in a research note on Friday, October 21st. Jefferies Financial Group reissued a hold rating and set a $72.00 price objective on shares of ManpowerGroup in a research report on Tuesday, October 25th. Credit Suisse Group reduced their target price on shares of ManpowerGroup to $75.00 in a research report on Thursday, October 27th. Barclays reduced their target price on shares of ManpowerGroup from $80.00 to $70.00 and set an underweight rating on the stock in a research report on Monday, October 10th. Finally, StockNews.com began coverage on shares of ManpowerGroup in a research note on Wednesday, October 12th. They issued a hold rating on the stock. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, ManpowerGroup currently has an average rating of Hold and an average target price of $79.00.

ManpowerGroup Stock Down 0.7 %

Shares of NYSE MAN opened at $88.22 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.37. ManpowerGroup has a 52 week low of $64.00 and a 52 week high of $115.54. The firm’s fifty day moving average is $75.04 and its 200 day moving average is $78.36. The company has a market cap of $4.46 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 1.13 and a beta of 1.70.

ManpowerGroup Dividend Announcement

The firm also recently declared a Semi-Annual dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of $1.36 per share. This represents a dividend yield of 3.2%. The ex-dividend date is Wednesday, November 30th. ManpowerGroup’s payout ratio is currently 33.50%.

Institutional Investors Weigh In On ManpowerGroup

Several hedge funds and other institutional investors have recently made changes to their positions in MAN. State of New Jersey Common Pension Fund D increased its position in shares of ManpowerGroup by 5.2% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 30,834 shares of the business services provider’s stock valued at $2,896,000 after purchasing an additional 1,536 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of ManpowerGroup by 34.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 63,787 shares of the business services provider’s stock valued at $5,991,000 after purchasing an additional 16,272 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of ManpowerGroup by 19.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 4,521 shares of the business services provider’s stock valued at $424,000 after purchasing an additional 737 shares during the last quarter. ClariVest Asset Management LLC increased its position in shares of ManpowerGroup by 4.3% during the 1st quarter. ClariVest Asset Management LLC now owns 73,463 shares of the business services provider’s stock valued at $6,900,000 after purchasing an additional 3,000 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of ManpowerGroup by 10.7% during the 1st quarter. New York State Common Retirement Fund now owns 94,208 shares of the business services provider’s stock valued at $8,848,000 after purchasing an additional 9,103 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

ManpowerGroup Company Profile

(Get Rating)

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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