ManpowerGroup (NYSE:MAN) Rating Increased to B- at TheStreet

TheStreet upgraded shares of ManpowerGroup (NYSE:MANGet Rating) from a c+ rating to a b- rating in a report issued on Monday morning, TheStreetRatingsTable reports.

Several other research firms have also recently weighed in on MAN. Barclays decreased their price objective on shares of ManpowerGroup from $80.00 to $70.00 and set an underweight rating for the company in a research report on Monday, October 10th. StockNews.com began coverage on shares of ManpowerGroup in a research report on Wednesday, October 12th. They set a hold rating for the company. Credit Suisse Group decreased their price objective on shares of ManpowerGroup to $75.00 in a research report on Thursday, October 27th. Jefferies Financial Group reiterated a hold rating and set a $72.00 price objective on shares of ManpowerGroup in a research report on Tuesday, October 25th. Finally, Robert W. Baird increased their price objective on shares of ManpowerGroup from $88.00 to $94.00 in a research report on Friday, October 21st. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat.com, ManpowerGroup currently has a consensus rating of Hold and a consensus target price of $79.00.

ManpowerGroup Trading Down 0.7 %

Shares of NYSE MAN opened at $88.22 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.22 and a current ratio of 1.22. ManpowerGroup has a 52-week low of $64.00 and a 52-week high of $115.54. The firm has a 50 day moving average price of $75.04 and a two-hundred day moving average price of $78.36. The stock has a market cap of $4.46 billion, a P/E ratio of 10.86, a price-to-earnings-growth ratio of 1.13 and a beta of 1.70.

ManpowerGroup Announces Dividend

The business also recently announced a Semi-Annual dividend, which will be paid on Thursday, December 15th. Investors of record on Thursday, December 1st will be paid a dividend of $1.36 per share. This represents a yield of 3.2%. The ex-dividend date of this dividend is Wednesday, November 30th. ManpowerGroup’s dividend payout ratio is presently 33.50%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. lifted its stake in shares of ManpowerGroup by 67.2% in the first quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock valued at $172,812,000 after buying an additional 739,380 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of ManpowerGroup by 60.7% in the second quarter. AQR Capital Management LLC now owns 1,349,219 shares of the business services provider’s stock valued at $100,233,000 after buying an additional 509,571 shares in the last quarter. Millennium Management LLC lifted its stake in shares of ManpowerGroup by 816.4% in the second quarter. Millennium Management LLC now owns 293,212 shares of the business services provider’s stock valued at $22,404,000 after buying an additional 261,217 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of ManpowerGroup by 22.8% in the second quarter. Thrivent Financial for Lutherans now owns 879,204 shares of the business services provider’s stock valued at $67,180,000 after buying an additional 163,277 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of ManpowerGroup by 62.9% in the second quarter. Assenagon Asset Management S.A. now owns 322,086 shares of the business services provider’s stock valued at $24,611,000 after purchasing an additional 124,324 shares during the last quarter. 98.22% of the stock is owned by institutional investors.

About ManpowerGroup

(Get Rating)

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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