Janney Montgomery Scott LLC acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 15,322 shares of the business services provider's stock, valued at approximately $887,000.
A number of other institutional investors also recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of ManpowerGroup by 45.8% in the 4th 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 in the last quarter. Norges Bank acquired a new position in shares of ManpowerGroup in the 4th quarter worth approximately $27,706,000. Millennium Management LLC boosted its holdings in shares of ManpowerGroup by 137.0% in the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock worth $46,845,000 after acquiring an additional 469,184 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of ManpowerGroup by 73.3% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock worth $59,443,000 after acquiring an additional 434,480 shares in the last quarter. Finally, Barclays PLC boosted its holdings in shares of ManpowerGroup by 194.3% in the 4th quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after acquiring an additional 300,917 shares in the last quarter. 98.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
MAN has been the topic of several recent analyst reports. UBS Group reduced their target price 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 reduced their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their target price for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. Wall Street Zen upgraded shares of ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $50.60.
Get Our Latest Stock Report on ManpowerGroup
ManpowerGroup Trading Up 0.7%
MAN stock traded up $0.30 during trading on Friday, hitting $44.32. The company had a trading volume of 824,170 shares, compared to its average volume of 714,333. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $41.73 and a 200-day moving average price of $50.97. ManpowerGroup Inc. has a 12 month low of $37.99 and a 12 month high of $78.22. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 19.27 and a beta of 1.07.
ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). The business had revenue of $698.30 million for the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a net margin of 0.63% and a return on equity of 9.10%. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.
ManpowerGroup Cuts Dividend
The firm also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.72 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup's payout ratio is 62.61%.
About ManpowerGroup
(
Free Report)
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.
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