ManpowerGroup Inc. (NYSE:MAN) Shares Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lifted its position in shares of ManpowerGroup Inc. (NYSE:MAN) by 1,373.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 53,473 shares of the business services provider’s stock after acquiring an additional 49,845 shares during the period. Assenagon Asset Management S.A.’s holdings in ManpowerGroup were worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MAN. Blue Trust Inc. grew its position in ManpowerGroup by 248.3% during the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after buying an additional 375 shares during the period. Capital Performance Advisors LLP purchased a new position in ManpowerGroup during the third quarter worth approximately $54,000. Abich Financial Wealth Management LLC increased its position in shares of ManpowerGroup by 34.8% in the second quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after buying an additional 203 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of ManpowerGroup by 400.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider’s stock worth $122,000 after buying an additional 1,333 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of ManpowerGroup during the 2nd quarter worth approximately $130,000. 98.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ManpowerGroup Price Performance

Shares of NYSE MAN opened at $60.74 on Wednesday. The firm has a 50-day simple moving average of $59.78 and a 200-day simple moving average of $66.58. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 76.89 and a beta of 1.46. ManpowerGroup Inc. has a 52 week low of $53.70 and a 52 week high of $78.87.

ManpowerGroup Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were issued a $1.545 dividend. This is an increase from ManpowerGroup’s previous quarterly dividend of $1.01. The ex-dividend date was Monday, December 2nd. This represents a $6.18 dividend on an annualized basis and a yield of 10.17%. ManpowerGroup’s dividend 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.