R Squared Ltd Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

R Squared Ltd acquired a new stake in ManpowerGroup Inc. (NYSE:MAN) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 1,650 shares of the business services provider’s stock, valued at approximately $95,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after buying an additional 894,379 shares during the last quarter. Geode Capital Management LLC increased its position in shares of ManpowerGroup by 0.5% in the third quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider’s stock valued at $58,444,000 after acquiring an additional 4,113 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in shares of ManpowerGroup by 6.2% during the third quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider’s stock valued at $40,414,000 after acquiring an additional 32,083 shares during the last quarter. Millennium Management LLC raised its stake in shares of ManpowerGroup by 163.7% during the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after acquiring an additional 253,287 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of ManpowerGroup by 4.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider’s stock worth $29,634,000 after purchasing an additional 15,407 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial lowered their price target on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday, October 18th. Barclays cut their price target on shares of ManpowerGroup from $70.00 to $55.00 and set an “underweight” rating on the stock in a report on Friday, January 3rd. BMO Capital Markets decreased their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Finally, UBS Group cut their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, ManpowerGroup currently has a consensus rating of “Hold” and an average target price of $71.67.

ManpowerGroup Stock Performance

Shares of MAN stock opened at $60.75 on Friday. The company’s fifty day moving average price is $59.60 and its 200-day moving average price is $66.22. The stock has a market cap of $2.85 billion, a PE ratio of 76.89 and a beta of 1.46. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87.

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were paid a dividend of $1.545 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $6.18 annualized dividend and a yield of 10.17%. This is a positive change from ManpowerGroup’s previous quarterly dividend of $1.01. 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.