Assenagon Asset Management S.A. Acquires 49,845 Shares of ManpowerGroup Inc. (NYSE:MAN)

Assenagon Asset Management S.A. increased its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 1,373.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,473 shares of the business services provider's stock after purchasing an additional 49,845 shares during the period. Assenagon Asset Management S.A. owned approximately 0.11% of ManpowerGroup worth $3,086,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of MAN. Sanctuary Advisors LLC grew its stake in shares of ManpowerGroup by 39.8% in the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock valued at $570,000 after acquiring an additional 2,208 shares in the last quarter. BNP Paribas Financial Markets grew its position in ManpowerGroup by 168.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 29,904 shares of the business services provider's stock worth $2,199,000 after acquiring an additional 18,764 shares during the last quarter. National Bank of Canada FI acquired a new position in ManpowerGroup in the 3rd quarter valued at approximately $1,250,000. Advisors Asset Management Inc. raised its position in shares of ManpowerGroup by 149.4% during the third quarter. Advisors Asset Management Inc. now owns 55,070 shares of the business services provider's stock worth $4,049,000 after acquiring an additional 32,992 shares during the last quarter. Finally, FORA Capital LLC bought a new stake in shares of ManpowerGroup in the 3rd quarter valued at $636,000. 98.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group cut their price target on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Barclays decreased their price objective on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a report on Friday, January 3rd. BMO Capital Markets dropped their target price on ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a research report on Friday, October 18th. Finally, Truist Financial decreased their price target on ManpowerGroup from $78.00 to $74.00 and set a "hold" rating on the stock in a research report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $71.67.

ManpowerGroup Price Performance

MAN stock traded down $0.43 during mid-day trading on Wednesday, hitting $60.31. 520,436 shares of the stock were exchanged, compared to its average volume of 617,841. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 76.34 and a beta of 1.46. The business has a fifty day moving average price of $59.78 and a 200 day moving average price of $66.58. ManpowerGroup Inc. has a 12 month low of $53.70 and a 12 month high of $78.87.

ManpowerGroup Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a dividend of $1.545 per share. This is a boost from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a yield of 10.25%. The ex-dividend date was Monday, December 2nd. ManpowerGroup's dividend payout ratio (DPR) is presently 389.88%.

ManpowerGroup 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.