ManpowerGroup Inc. (NYSE:MAN) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 2.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,493,838 shares of the business services provider's stock after purchasing an additional 59,763 shares during the quarter. Dimensional Fund Advisors LP owned about 5.31% of ManpowerGroup worth $143,942,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock worth $11,387,000 after acquiring an additional 59,821 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of ManpowerGroup in the third quarter worth $664,000. Sanctuary Advisors LLC lifted its stake in shares of ManpowerGroup by 39.8% during the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock worth $570,000 after buying an additional 2,208 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of ManpowerGroup during the third quarter valued at $207,000. Finally, Synovus Financial Corp increased its position in shares of ManpowerGroup by 7.8% in the 3rd quarter. Synovus Financial Corp now owns 7,922 shares of the business services provider's stock valued at $582,000 after acquiring an additional 570 shares during the period. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

ManpowerGroup Stock Performance

MAN stock traded up $0.54 during midday trading on Wednesday, hitting $43.10. 1,789,788 shares of the stock traded hands, compared to its average volume of 627,827. ManpowerGroup Inc. has a 1-year low of $39.22 and a 1-year high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The stock's fifty day simple moving average is $53.46 and its 200-day simple moving average is $58.06. The firm has a market cap of $2.01 billion, a P/E ratio of 14.41 and a beta of 1.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

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.