Linden Thomas Advisory Services LLC Decreases Stake in ManpowerGroup Inc. (NYSE:MAN)

Linden Thomas Advisory Services LLC lowered its position in ManpowerGroup Inc. (NYSE:MAN) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 12,470 shares of the business services provider’s stock after selling 893 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in ManpowerGroup were worth $720,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in MAN. Mercer Global Advisors Inc. ADV purchased a new stake in ManpowerGroup in the 2nd quarter worth about $130,000. Marshall Wace LLP purchased a new position in ManpowerGroup during the 2nd quarter valued at about $1,169,000. Millennium Management LLC grew its holdings in ManpowerGroup by 163.7% during the 2nd quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after buying an additional 253,287 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in ManpowerGroup during the 2nd quarter valued at about $3,093,000. Finally, Algert Global LLC grew its holdings in ManpowerGroup by 39.1% during the 2nd quarter. Algert Global LLC now owns 31,555 shares of the business services provider’s stock valued at $2,203,000 after buying an additional 8,873 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MAN shares. Barclays reduced their target price on ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating for the company in a report on Friday, January 3rd. Truist Financial reduced their target price on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a report on Friday, October 18th. 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. Finally, BMO Capital Markets cut their price objective on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $71.67.

ManpowerGroup Stock Down 0.8 %

Shares of NYSE MAN opened at $60.35 on Monday. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of 76.39 and a beta of 1.46. The business has a 50-day moving average of $59.63 and a 200-day moving average of $66.42.

ManpowerGroup Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were given a $1.545 dividend. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 10.24%. ManpowerGroup’s payout ratio is presently 389.88%.

ManpowerGroup Company 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.