Crescent Grove Advisors LLC Has $3.16 Million Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Crescent Grove Advisors LLC lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 48.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,618 shares of the business services provider's stock after buying an additional 17,744 shares during the period. Crescent Grove Advisors LLC owned about 0.12% of ManpowerGroup worth $3,161,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its holdings in shares of ManpowerGroup by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider's stock worth $143,942,000 after buying an additional 59,763 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of ManpowerGroup by 45.8% during the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after buying an additional 711,043 shares in the last quarter. Invesco Ltd. grew its stake in shares of ManpowerGroup by 4.2% in the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider's stock worth $110,623,000 after purchasing an additional 77,234 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of ManpowerGroup by 73.3% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,027,000 shares of the business services provider's stock worth $59,443,000 after purchasing an additional 434,480 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of ManpowerGroup by 137.0% in the fourth quarter. Millennium Management LLC now owns 811,595 shares of the business services provider's stock worth $46,845,000 after purchasing an additional 469,184 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BMO Capital Markets reduced 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. Truist Financial cut their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $65.00 to $50.00 and set a "neutral" 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 report on Friday. Finally, UBS Group lowered 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. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, ManpowerGroup has an average rating of "Hold" and an average price target of $50.60.

ManpowerGroup Trading Down 0.4%

ManpowerGroup stock traded down $0.16 during trading hours on Friday, reaching $40.53. 782,141 shares of the company's stock were exchanged, compared to its average volume of 705,747. The firm's 50 day simple moving average is $41.61 and its 200 day simple moving average is $51.49. ManpowerGroup Inc. has a twelve month low of $37.99 and a twelve month high of $78.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $1.88 billion, a PE ratio of 17.62 and a beta of 1.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its 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 for the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a return on equity of 9.10% and a net margin of 0.63%. During the same period in the prior year, the business earned $0.94 EPS. Research analysts predict that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

The firm also recently announced 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 payout ratio is currently 62.61%.

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.