ManpowerGroup Inc. (NYSE:MAN) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 55.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 74,114 shares of the business services provider's stock after buying an additional 26,552 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.16% of ManpowerGroup worth $4,290,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Colonial Trust Co SC purchased a new stake in shares of ManpowerGroup in the 4th quarter valued at $28,000. SRS Capital Advisors Inc. increased its holdings in ManpowerGroup by 171.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after purchasing an additional 562 shares during the period. UMB Bank n.a. increased its holdings in ManpowerGroup by 131.7% during the 1st quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock worth $52,000 after purchasing an additional 511 shares during the period. WFA Asset Management Corp increased its holdings in ManpowerGroup by 129.3% during the 1st quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock worth $80,000 after purchasing an additional 776 shares during the period. Finally, Curat Global LLC purchased a new stake in ManpowerGroup during the 1st quarter worth about $85,000. Hedge funds and other institutional investors own 98.03% of the company's stock.

Wall Street Analyst Weigh In

MAN has been the topic of several recent research reports. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and cut their price target for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. Wall Street Zen downgraded ManpowerGroup from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. UBS Group cut their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. BMO Capital Markets cut their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. cut their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company's stock. According to data from MarketBeat, ManpowerGroup presently has an average rating of "Hold" and an average target price of $50.60.

ManpowerGroup Stock Up 1.2%

Shares of MAN traded up $0.50 during mid-day trading on Thursday, reaching $42.89. The company's stock had a trading volume of 1,149,663 shares, compared to its average volume of 691,200. ManpowerGroup Inc. has a 12-month low of $38.10 and a 12-month high of $78.22. The stock has a market cap of $1.99 billion, a PE ratio of 14.34 and a beta of 1.08. 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 company's 50 day moving average is $43.57 and its 200 day moving average is $53.32.

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

ManpowerGroup Cuts Dividend

The firm also recently disclosed 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. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's payout ratio is currently 62.61%.

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.