Jefferies Financial Group Inc. Takes Position in 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 stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 24,879 shares of the business services provider's stock, valued at approximately $1,440,000. Jefferies Financial Group Inc. owned about 0.05% of ManpowerGroup at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of ManpowerGroup by 2.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider's stock valued at $143,942,000 after acquiring an additional 59,763 shares during the last quarter. AQR Capital Management LLC boosted its position in ManpowerGroup by 45.8% during 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 during the last quarter. Invesco Ltd. boosted its position in ManpowerGroup by 4.2% during the 4th quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock worth $110,623,000 after acquiring an additional 77,234 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in ManpowerGroup by 73.3% during 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 during the last quarter. Finally, Millennium Management LLC boosted its position in ManpowerGroup by 137.0% during 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 during the last quarter. 98.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

ManpowerGroup Trading Up 1.5%

Shares of NYSE:MAN traded up $0.59 during midday trading on Tuesday, hitting $39.25. 781,420 shares of the stock were exchanged, compared to its average volume of 1,144,902. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -103.27 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's 50-day moving average price is $42.11 and its 200 day moving average price is $48.87. ManpowerGroup Inc. has a 12 month low of $37.99 and a 12 month high of $75.57.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.69 by $0.09. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter last year, the firm posted $1.30 EPS. The company's quarterly revenue was down .5% on a year-over-year basis. Analysts predict 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.