ManpowerGroup Inc. (NYSE:MAN) Stock Position Lowered by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. decreased its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 393,832 shares of the business services provider's stock after selling 9,238 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.84% of ManpowerGroup worth $22,732,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in ManpowerGroup by 12,496.6% during the 3rd quarter. Pacer Advisors Inc. now owns 901,536 shares of the business services provider's stock worth $66,281,000 after buying an additional 894,379 shares during the period. Geode Capital Management LLC increased its stake in ManpowerGroup by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 794,704 shares of the business services provider's stock worth $58,444,000 after buying an additional 4,113 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in ManpowerGroup by 6.2% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 549,698 shares of the business services provider's stock worth $40,414,000 after buying an additional 32,083 shares during the period. Millennium Management LLC boosted its stake in ManpowerGroup by 163.7% during the 2nd 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 period. Finally, Point72 Asset Management L.P. boosted its stake in ManpowerGroup by 480.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 324,866 shares of the business services provider's stock valued at $23,884,000 after purchasing an additional 268,866 shares during the period. Hedge funds and other institutional investors own 98.03% of the company's stock.

ManpowerGroup Price Performance

Shares of NYSE MAN traded down $0.46 during midday trading on Friday, reaching $60.25. The company's stock had a trading volume of 2,041,803 shares, compared to its average volume of 767,795. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.46. The company has a 50 day moving average price of $59.56 and a 200 day moving average price of $66.15. ManpowerGroup Inc. has a one year low of $53.70 and a one year high of $78.87. The company has a market cap of $2.83 billion, a price-to-earnings ratio of 76.26 and a beta of 1.46.

ManpowerGroup Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a $1.545 dividend. This is an increase from ManpowerGroup's previous quarterly dividend of $1.01. This represents a $6.18 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date was Monday, December 2nd. ManpowerGroup's payout ratio is presently 389.88%.

Analyst Ratings Changes

MAN has been the subject of a number of analyst reports. Barclays reduced their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a research note on Friday, January 3rd. UBS Group dropped their price target on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Truist Financial restated a "hold" rating and set a $70.00 price target (down from $74.00) on shares of ManpowerGroup in a research report on Friday. JPMorgan Chase & Co. dropped their price target on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research report on Friday. Finally, BMO Capital Markets dropped their price target on shares of ManpowerGroup from $87.00 to $71.00 and set a "market perform" rating on the stock in a research report on Friday, October 18th. One research 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $69.33.

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.