Crossmark Global Holdings Inc. Increases Stake in ManpowerGroup Inc. (NYSE:MAN)

Crossmark Global Holdings Inc. grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,144 shares of the business services provider’s stock after acquiring an additional 849 shares during the quarter. Crossmark Global Holdings Inc. owned about 0.06% of ManpowerGroup worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MAN. Blue Trust Inc. boosted its holdings in shares of ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 375 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of ManpowerGroup during the 3rd quarter valued at about $54,000. Abich Financial Wealth Management LLC boosted its holdings in shares of ManpowerGroup by 34.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 786 shares of the business services provider’s stock valued at $55,000 after acquiring an additional 203 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings 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 valued at $122,000 after acquiring an additional 1,333 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of ManpowerGroup during the 2nd quarter valued at about $130,000. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays dropped 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 lowered their price objective on shares of ManpowerGroup from $87.00 to $71.00 and set a “market perform” rating on the stock in a research note on Friday, October 18th. Truist Financial lowered their price objective 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. Finally, UBS Group lowered their price objective 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 analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and a consensus price target of $71.67.

ManpowerGroup Price Performance

NYSE MAN opened at $60.84 on Friday. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 77.02 and a beta of 1.46. The company’s 50 day moving average is $59.66 and its two-hundred day moving average is $66.49. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were paid a dividend of $1.545 per share. This is a boost 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 10.16%. ManpowerGroup’s dividend payout ratio (DPR) 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.