D. E. Shaw & Co. Inc. Raises Stock Position in ManpowerGroup Inc. (NYSE:MAN)

D. E. Shaw & Co. Inc. lifted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 93.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 337,259 shares of the business services provider's stock after purchasing an additional 163,214 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.72% of ManpowerGroup worth $19,467,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in MAN. Dimensional Fund Advisors LP lifted its holdings in ManpowerGroup by 2.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider's stock worth $143,942,000 after buying an additional 59,763 shares in the last quarter. AQR Capital Management LLC increased its position in shares of ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after acquiring an additional 711,043 shares during the period. Invesco Ltd. raised its stake in shares of ManpowerGroup by 4.2% in the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock valued at $110,623,000 after acquiring an additional 77,234 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of ManpowerGroup by 34.5% in the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after acquiring an additional 191,901 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new position in ManpowerGroup in the fourth quarter valued at $34,200,000. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial reduced their price target on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. BMO Capital Markets dropped their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. Finally, UBS Group decreased their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, ManpowerGroup presently has a consensus rating of "Hold" and an average price target of $57.50.

ManpowerGroup Stock Performance

Shares of MAN opened at $44.17 on Tuesday. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.77 and a beta of 1.09. ManpowerGroup Inc. has a 52-week low of $38.10 and a 52-week high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average price of $51.04 and a 200 day moving average price of $56.54.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.08). The company had revenue of $698.30 million for the quarter, compared to analysts' expectations of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same quarter in the prior year, the firm posted $0.94 EPS. Research analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be issued a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup's payout ratio is currently 62.61%.

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.

Want to see what other hedge funds are holding MAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ManpowerGroup Inc. (NYSE:MAN - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.