Jefferies Financial Group Inc. Acquires Shares of 24,879 ManpowerGroup Inc. (NYSE:MAN)

Key Points

• Jefferies Financial Group Inc. has invested approximately $1.44 million in ManpowerGroup Inc., acquiring 24,879 shares during the first quarter.
• Several hedge funds increased their holdings in ManpowerGroup, with AQR Capital Management boosting its stake by 45.8%, now owning over 2.2 million shares.
• ManpowerGroup reported earnings of $0.78 per share, surpassing analysts' expectations, while quarterly revenue decreased by 0.5% year-over-year.

Jefferies Financial Group Inc. purchased a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,879 shares of the business services provider's stock, valued at approximately $1,440,000. Jefferies Financial Group Inc. owned approximately 0.05% of ManpowerGroup as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in MAN. US Bancorp DE lifted its holdings in shares of ManpowerGroup by 14.0% in the first quarter. US Bancorp DE now owns 5,351 shares of the business services provider's stock worth $310,000 after buying an additional 656 shares in the last quarter. Natixis Advisors LLC boosted its stake in ManpowerGroup by 69.1% during the 1st quarter. Natixis Advisors LLC now owns 190,147 shares of the business services provider's stock worth $11,005,000 after purchasing an additional 77,712 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in ManpowerGroup in the 1st quarter valued at about $349,000. XTX Topco Ltd grew its position in shares of ManpowerGroup by 78.2% during the first quarter. XTX Topco Ltd now owns 32,738 shares of the business services provider's stock worth $1,895,000 after buying an additional 14,363 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ManpowerGroup by 8.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,291 shares of the business services provider's stock valued at $654,000 after purchasing an additional 916 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Up 2.6%

Shares of MAN stock traded up $1.00 during mid-day trading on Thursday, hitting $39.40. The company's stock had a trading volume of 526,111 shares, compared to its average volume of 920,702. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of -103.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 0.98. The business has a 50-day moving average price of $41.97 and a 200 day moving average price of $48.73. ManpowerGroup Inc. has a 52-week low of $37.97 and a 52-week high of $75.57.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a positive return on equity of 7.98% and a negative net margin of 0.09%. The firm had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the business earned $1.30 earnings per share. ManpowerGroup's quarterly revenue was down .5% on a year-over-year basis. Research analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MAN has been the topic of several research reports. UBS Group upped their target price on ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Truist Financial lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Wall Street Zen raised ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $48.20.

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.