ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Clark Estates Inc. NY

Clark Estates Inc. NY lowered its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 27.6% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 29,309 shares of the business services provider’s stock after selling 11,191 shares during the quarter. Clark Estates Inc. NY’s holdings in ManpowerGroup were worth $1,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northern Trust Corp boosted its stake in ManpowerGroup by 24.0% during the fourth quarter. Northern Trust Corp now owns 437,495 shares of the business services provider’s stock worth $25,252,000 after buying an additional 84,741 shares during the last quarter. Perigon Wealth Management LLC acquired a new position in ManpowerGroup during the first quarter worth $253,000. GAMMA Investing LLC boosted its stake in ManpowerGroup by 190.6% during the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider’s stock worth $43,000 after buying an additional 488 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in ManpowerGroup during the first quarter worth $887,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in ManpowerGroup by 79.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 53,703 shares of the business services provider’s stock worth $3,150,000 after buying an additional 23,795 shares during the last quarter. Institutional investors and hedge funds own 98.03% of the company’s stock.

ManpowerGroup Price Performance

MAN opened at $44.11 on Wednesday. The stock’s 50-day moving average price is $42.27 and its 200 day moving average price is $49.47. ManpowerGroup Inc. has a 12-month low of $37.99 and a 12-month high of $77.85. The company has a current ratio of 0.98, a quick ratio of 1.12 and a debt-to-equity ratio of 0.24. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -116.07 and a beta of 1.07.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The firm had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the company earned $1.30 EPS. ManpowerGroup’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.72 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup’s dividend payout ratio is currently -378.95%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. BMO Capital Markets lowered their price objective on ManpowerGroup from $54.00 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, April 21st. Truist Financial decreased their price target on ManpowerGroup from $55.00 to $48.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised ManpowerGroup from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Barclays raised ManpowerGroup from an “underweight” rating to an “equal weight” rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Finally, UBS Group upped their price target on ManpowerGroup from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.20.

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.