Linden Thomas Advisory Services LLC Sells 893 Shares of ManpowerGroup Inc. (NYSE:MAN)

Linden Thomas Advisory Services LLC decreased its position in ManpowerGroup Inc. (NYSE:MAN) by 6.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in ManpowerGroup by 12,496.6% in the third quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider’s stock valued at $66,281,000 after purchasing an additional 894,379 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 purchasing an additional 4,113 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in ManpowerGroup by 6.2% in 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 purchasing an additional 32,083 shares during the last quarter. Millennium Management LLC lifted its position in ManpowerGroup by 163.7% in the second quarter. Millennium Management LLC now owns 407,970 shares of the business services provider’s stock valued at $28,476,000 after purchasing an additional 253,287 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in ManpowerGroup by 4.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 403,070 shares of the business services provider’s stock valued at $29,634,000 after purchasing an additional 15,407 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Truist Financial lowered their price objective on ManpowerGroup from $78.00 to $74.00 and set a “hold” rating for the company in a research report on Friday, October 18th. BMO Capital Markets decreased their target price on ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating for the company in a report on Friday, October 18th. Barclays decreased 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. Finally, UBS Group decreased 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. One equities 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 company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $71.67.

ManpowerGroup Price Performance

Shares of MAN stock opened at $60.35 on Monday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 76.39 and a beta of 1.46. The business’s fifty day moving average is $59.63 and its 200 day moving average is $66.42. ManpowerGroup Inc. has a twelve month low of $53.70 and a twelve month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

ManpowerGroup Increases Dividend

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

About ManpowerGroup

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.