Capital Research Global Investors Purchases 19,819 Shares of ManpowerGroup Inc. (NYSE:MAN)

Capital Research Global Investors raised its position in ManpowerGroup Inc. (NYSE:MAN) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 927,364 shares of the business services provider’s stock after buying an additional 19,819 shares during the quarter. Capital Research Global Investors owned about 1.94% of ManpowerGroup worth $72,001,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MAN. Venturi Wealth Management LLC lifted its stake in shares of ManpowerGroup by 54.8% during the 4th quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after buying an additional 160 shares in the last quarter. FinTrust Capital Advisors LLC bought a new position in shares of ManpowerGroup in the first quarter worth $47,000. Advisors Asset Management Inc. purchased a new position in shares of ManpowerGroup in the first quarter valued at $49,000. Hexagon Capital Partners LLC grew its position in shares of ManpowerGroup by 145.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,086 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 644 shares in the last quarter. Finally, TFO Wealth Partners LLC lifted its holdings in ManpowerGroup by 52,475.0% during the 4th quarter. TFO Wealth Partners LLC now owns 2,103 shares of the business services provider’s stock worth $167,000 after purchasing an additional 2,099 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MAN. BMO Capital Markets lifted their target price on ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a report on Friday, July 19th. BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research note on Tuesday, June 11th. UBS Group decreased their target price on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, April 19th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, ManpowerGroup has an average rating of “Hold” and an average price target of $82.40.

ManpowerGroup Price Performance

MAN stock traded up $0.72 during midday trading on Friday, reaching $74.81. The company had a trading volume of 324,737 shares, compared to its average volume of 512,309. The firm has a 50-day moving average price of $71.95 and a 200-day moving average price of $73.64. The company has a market capitalization of $3.57 billion, a P/E ratio of 77.11, a P/E/G ratio of 1.90 and a beta of 1.47. ManpowerGroup Inc. has a 1 year low of $66.03 and a 1 year high of $81.79. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.17.

ManpowerGroup (NYSE:MAN) last announced its earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.03. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The company had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.53 billion. During the same period in the previous year, the business earned $1.58 earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, research analysts anticipate that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a dividend of $1.54 per share. The ex-dividend date was Monday, June 3rd. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a dividend yield of 3.8%. ManpowerGroup’s dividend payout ratio is 317.53%.

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.