Lazard Asset Management LLC Increases Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Lazard Asset Management LLC lifted its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 166.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,497 shares of the business services provider's stock after purchasing an additional 20,300 shares during the period. Lazard Asset Management LLC owned about 0.07% of ManpowerGroup worth $1,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted 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 purchasing an additional 59,763 shares during the period. AQR Capital Management LLC increased its holdings in 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. Invesco Ltd. increased its holdings in ManpowerGroup by 4.2% in 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 in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in ManpowerGroup by 37.2% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 754,320 shares of the business services provider's stock worth $43,539,000 after acquiring an additional 204,622 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in ManpowerGroup by 34.5% in the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock worth $43,189,000 after acquiring an additional 191,901 shares in the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Price Performance

Shares of ManpowerGroup stock traded down $1.10 during trading hours on Wednesday, reaching $42.78. 856,332 shares of the company's stock were exchanged, compared to its average volume of 665,419. ManpowerGroup Inc. has a 1 year low of $38.10 and a 1 year high of $78.22. The company has a market capitalization of $1.98 billion, a P/E ratio of 14.31 and a beta of 1.09. The business has a fifty day moving average of $49.01 and a two-hundred day moving average of $55.77. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup's dividend payout ratio is currently 62.61%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MAN. UBS Group cut their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. BMO Capital Markets cut their price target on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a report on Monday, April 21st. JPMorgan Chase & Co. cut their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a report on Monday, April 21st. Barclays raised shares of 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. Finally, Truist Financial cut their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $57.50.

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.