Lecap Asset Management Ltd. Has $1.06 Million Holdings in ManpowerGroup Inc. (NYSE:MAN)

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

Other large investors have also added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in shares of ManpowerGroup by 24.0% during the 4th quarter. Northern Trust Corp now owns 437,495 shares of the business services provider's stock worth $25,252,000 after purchasing an additional 84,741 shares in the last quarter. AlphaQuest LLC lifted its position in ManpowerGroup by 4,364.3% during the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock worth $1,616,000 after purchasing an additional 27,364 shares during the period. Bank of New York Mellon Corp lifted its position in ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock worth $43,189,000 after purchasing an additional 191,901 shares during the period. Alliancebernstein L.P. grew its stake in ManpowerGroup by 6.4% during the fourth quarter. Alliancebernstein L.P. now owns 90,447 shares of the business services provider's stock worth $5,221,000 after buying an additional 5,432 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in ManpowerGroup in the 4th quarter valued at about $875,000. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Price Performance

ManpowerGroup stock traded down $0.16 during mid-day trading on Friday, reaching $40.53. The company had a trading volume of 782,141 shares, compared to its average volume of 705,468. The business has a fifty day simple moving average of $41.61 and a 200 day simple moving average of $51.56. The company has a market cap of $1.88 billion, a P/E ratio of 17.62 and a beta of 1.08. ManpowerGroup Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $78.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The firm had revenue of $698.30 million during the quarter, compared to the consensus estimate 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 company posted $0.94 earnings per share. On average, equities research analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share 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 $0.72 dividend. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup's dividend payout ratio is currently 62.61%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MAN shares. 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. UBS Group lowered their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Wall Street Zen lowered ManpowerGroup from a "hold" rating to a "sell" rating in a research note on Wednesday, May 21st. Finally, Truist Financial lowered 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. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $50.60.

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.