Merit Financial Group LLC Acquires Shares of 4,182 ManpowerGroup Inc. (NYSE:MAN)

Merit Financial Group LLC bought a new stake in ManpowerGroup Inc. (NYSE:MAN) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,182 shares of the business services provider’s stock, valued at approximately $241,000.

Several other institutional investors have also recently made changes to their positions in MAN. Commerce Bank raised its position in ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider’s stock worth $314,000 after purchasing an additional 167 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of ManpowerGroup by 0.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider’s stock valued at $2,745,000 after buying an additional 234 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of ManpowerGroup by 4.5% in the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider’s stock worth $405,000 after buying an additional 235 shares during the period. Impact Partnership Wealth LLC lifted its stake in shares of ManpowerGroup by 9.8% during the 3rd quarter. Impact Partnership Wealth LLC now owns 3,693 shares of the business services provider’s stock worth $271,000 after acquiring an additional 329 shares during the last quarter. Finally, Captrust Financial Advisors boosted its holdings in ManpowerGroup by 11.8% during the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 344 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Performance

MAN stock opened at $60.35 on Friday. ManpowerGroup Inc. has a 1-year low of $53.70 and a 1-year high of $78.87. The business has a 50-day moving average price of $59.63 and a 200 day moving average price of $66.42. The company has a market capitalization of $2.83 billion, a P/E ratio of 76.39 and a beta of 1.46. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15.

ManpowerGroup Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MAN. BMO Capital Markets reduced their target price on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note 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. UBS Group decreased their price objective on shares of ManpowerGroup from $71.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Truist Financial dropped their target price on shares of ManpowerGroup from $78.00 to $74.00 and set a “hold” rating on the stock in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.67.

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.