Lecap Asset Management Ltd. Boosts Holdings in ManpowerGroup Inc. (NYSE:MAN)

Lecap Asset Management Ltd. boosted its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 103.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,360 shares of the business services provider's stock after purchasing an additional 9,344 shares during the quarter. Lecap Asset Management Ltd.'s holdings in ManpowerGroup were worth $1,063,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MAN. Dimensional Fund Advisors LP increased its holdings 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 in the last quarter. AQR Capital Management LLC increased 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 valued at $130,125,000 after purchasing an additional 711,043 shares in the last quarter. Invesco Ltd. increased its holdings in shares of ManpowerGroup by 4.2% in the 4th quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock valued at $110,623,000 after purchasing an additional 77,234 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased 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 valued at $59,443,000 after purchasing an additional 434,480 shares in the last quarter. Finally, Millennium Management LLC increased 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 valued at $46,845,000 after purchasing an additional 469,184 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analysts Set New Price Targets

MAN has been the subject of a number of research analyst reports. 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. JPMorgan Chase & Co. lowered their price objective 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. BMO Capital Markets lowered their price objective on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Wall Street Zen raised shares of ManpowerGroup from a "sell" rating to a "hold" rating in a research note on Friday. Finally, Barclays raised shares of 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 research note on Thursday, April 10th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $50.60.

ManpowerGroup Trading Down 0.4%

NYSE MAN traded down $0.16 during mid-day trading on Friday, hitting $40.53. The company's stock had a trading volume of 782,141 shares, compared to its average volume of 705,747. ManpowerGroup Inc. has a 52-week low of $37.99 and a 52-week high of $78.22. The stock's fifty day simple moving average is $41.61 and its two-hundred day simple moving average is $51.43. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $1.88 billion, a P/E ratio of 17.62 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly 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 during the quarter, compared to analysts' expectations 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 business posted $0.94 EPS. Research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

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

About ManpowerGroup

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.