ManpowerGroup Inc. (NYSE:MAN) Shares Sold by LSV Asset Management

Key Points

• LSV Asset Management has reduced its stake in ManpowerGroup Inc. by 12.1%, selling 165,000 shares during the first quarter and now owning 1,198,992 shares valued at approximately $69.4 million.
• Several institutional investors, including Dimensional Fund Advisors and AQR Capital Management, have increased their stakes in ManpowerGroup, with AQR's increase of 45.8% in the fourth quarter being noteworthy.
• Analyst ratings have shifted, with Truist Financial and JPMorgan lowering their price targets for ManpowerGroup, while the stock currently has an average rating of "Hold" and an average price target of $48.20.

LSV Asset Management lowered its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 12.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,198,992 shares of the business services provider's stock after selling 165,000 shares during the period. LSV Asset Management owned approximately 2.57% of ManpowerGroup worth $69,398,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Colonial Trust Co SC purchased a new position in ManpowerGroup in the fourth quarter worth about $28,000. GAMMA Investing LLC raised its holdings in ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock worth $43,000 after buying an additional 488 shares during the last quarter. Fifth Third Bancorp raised its holdings in ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock worth $43,000 after buying an additional 243 shares during the last quarter. UMB Bank n.a. raised its holdings in ManpowerGroup by 131.7% in the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock worth $52,000 after buying an additional 511 shares during the last quarter. Finally, WFA Asset Management Corp raised its holdings in ManpowerGroup by 129.3% in the first quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock worth $80,000 after buying an additional 776 shares during the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

ManpowerGroup Stock Up 2.0%

ManpowerGroup stock traded up $0.77 during midday trading on Thursday, hitting $39.17. 76,543 shares of the company's stock were exchanged, compared to its average volume of 917,915. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.12 and a current ratio of 0.98. ManpowerGroup Inc. has a 12 month low of $37.97 and a 12 month high of $75.57. The firm has a 50-day moving average of $41.97 and a two-hundred day moving average of $48.73. The company has a market cap of $1.81 billion, a PE ratio of -102.91 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its earnings results on Thursday, July 17th. The business services provider reported $0.78 earnings per share (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 for the quarter, compared to analysts' expectations of $4.34 billion. During the same period in the prior year, the business earned $1.30 EPS. The firm's quarterly revenue was down .5% on a year-over-year basis. As a group, analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MAN has been the subject of several research reports. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price objective for the company from $55.00 to $50.00 in a report on Thursday, April 10th. BMO Capital Markets dropped their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. UBS Group increased their price objective on shares of ManpowerGroup from $42.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen raised shares of ManpowerGroup from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, ManpowerGroup has an average rating of "Hold" and an average price target of $48.20.

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.