GAMMA Investing LLC Grows Stake in ManpowerGroup Inc. (NYSE:MAN)

GAMMA Investing LLC lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 16,721.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,063 shares of the business services provider's stock after acquiring an additional 42,807 shares during the quarter. GAMMA Investing LLC owned 0.09% of ManpowerGroup worth $2,492,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of ManpowerGroup by 2.5% in the fourth 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 raised its holdings in 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 valued at $130,125,000 after buying an additional 711,043 shares in the last quarter. Invesco Ltd. grew its position 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 valued at $110,623,000 after purchasing an additional 77,234 shares during the last quarter. Millennium Management LLC grew its position 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 valued at $46,845,000 after purchasing an additional 469,184 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of ManpowerGroup by 37.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 754,320 shares of the business services provider's stock valued at $43,539,000 after purchasing an additional 204,622 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on MAN shares. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. Wall Street Zen cut shares of ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Truist Financial lowered their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a report on Monday, April 21st. BMO Capital Markets decreased 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. Finally, Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $50.60.

ManpowerGroup Trading Down 5.9%

Shares of MAN stock traded down $2.55 during trading hours on Friday, hitting $40.32. 786,969 shares of the company's stock traded hands, compared to its average volume of 694,173. ManpowerGroup Inc. has a 12 month low of $38.10 and a 12 month high of $78.22. The stock's 50 day simple moving average is $43.40 and its 200 day simple moving average is $53.08. The stock has a market cap of $1.87 billion, a PE ratio of 13.48 and a beta of 1.08. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44.

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 analysts' consensus estimates of $0.52 by ($0.08). The company had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same quarter in the previous year, the business posted $0.94 earnings per share. On average, sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.72 per share. This represents a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd. ManpowerGroup's payout ratio is presently 62.61%.

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.