ManpowerGroup Inc. (NYSE:MAN) Given Average Rating of “Hold” by Brokerages

ManpowerGroup Inc. (NYSE:MAN) has received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $82.40.

A number of analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, July 19th. BNP Paribas upgraded ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research report on Tuesday, June 11th. BMO Capital Markets raised their price objective on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Finally, UBS Group dropped their target price on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, April 19th.

Institutional Investors Weigh In On ManpowerGroup

A number of hedge funds and other institutional investors have recently bought and sold shares of MAN. Norges Bank acquired a new stake in ManpowerGroup during the 4th quarter valued at $44,057,000. Capital Research Global Investors increased its holdings in ManpowerGroup by 37.5% during the 4th quarter. Capital Research Global Investors now owns 907,545 shares of the business services provider’s stock valued at $72,123,000 after purchasing an additional 247,383 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in ManpowerGroup by 10.3% during 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 in the last quarter. Victory Capital Management Inc. increased its holdings in ManpowerGroup by 3.8% during 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 in the last quarter. Finally, Schroder Investment Management Group increased its holdings in ManpowerGroup by 10.7% during the 4th quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock valued at $113,259,000 after purchasing an additional 137,441 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of NYSE:MAN opened at $77.13 on Wednesday. The business has a 50 day moving average price of $71.96 and a 200 day moving average price of $73.58. ManpowerGroup has a twelve month low of $66.03 and a twelve month high of $80.57. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 79.52, a PEG ratio of 1.92 and a beta of 1.47. The company has a quick ratio of 1.17, a current ratio of 1.14 and a debt-to-equity ratio of 0.45.

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

ManpowerGroup Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were issued a $1.54 dividend. The ex-dividend date was Monday, June 3rd. This is a boost from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a dividend yield of 3.8%. ManpowerGroup’s dividend payout ratio is presently 317.53%.

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.