ManpowerGroup Inc. (NYSE:MAN) Shares Purchased by Royce & Associates LP

Royce & Associates LP boosted its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,027 shares of the business services provider's stock after purchasing an additional 6,000 shares during the period. Royce & Associates LP owned about 0.15% of ManpowerGroup worth $3,937,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MAN. Dimensional Fund Advisors LP lifted its position in shares of ManpowerGroup by 2.5% during 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 period. AQR Capital Management LLC lifted its position in shares of 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 valued at $130,125,000 after acquiring an additional 711,043 shares during the period. Invesco Ltd. lifted its position in shares of ManpowerGroup by 4.2% during the 4th quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock valued at $110,623,000 after acquiring an additional 77,234 shares during the period. Vaughan Nelson Investment Management L.P. lifted its position in shares of 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 valued at $59,443,000 after acquiring an additional 434,480 shares during the period. Finally, Millennium Management LLC lifted its position in shares of ManpowerGroup by 137.0% during the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock valued at $46,845,000 after acquiring an additional 469,184 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Trading Up 2.0%

Shares of ManpowerGroup stock opened at $45.67 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 1.12. ManpowerGroup Inc. has a 1 year low of $37.99 and a 1 year high of $77.85. The company has a market capitalization of $2.11 billion, a P/E ratio of -120.18 and a beta of 1.07. The business has a 50 day moving average price of $42.25 and a 200 day moving average price of $49.53.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 7.98% and a negative net margin of 0.09%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm posted $1.30 EPS. The company's quarterly revenue was down .5% compared to the same quarter last year. Sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.72 dividend. The ex-dividend date was Monday, June 2nd. This represents a yield of 3.5%. ManpowerGroup's dividend payout ratio (DPR) is presently -378.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on MAN shares. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their price target for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. UBS Group lifted their price target 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. Truist Financial reduced their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. BMO Capital Markets reduced their price target 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. Finally, JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $48.20.

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.

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