Ontario Teachers Pension Plan Board Has $838,000 Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Key Points

• The Ontario Teachers Pension Plan Board increased its stake in ManpowerGroup Inc. by 239.7% in the first quarter, owning 14,478 shares valued at $838,000.
• Other large investors, including Deutsche Bank AG, significantly boosted their holdings in ManpowerGroup, with Deutsche Bank's stake increasing by 523.6%.
• ManpowerGroup reported $0.78 earnings per share for the most recent quarter, exceeding analyst expectations of $0.69, though its revenue was down 0.5% from the previous year.

Ontario Teachers Pension Plan Board lifted its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 239.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,478 shares of the business services provider's stock after acquiring an additional 10,216 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in ManpowerGroup were worth $838,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. SummerHaven Investment Management LLC raised its holdings in shares of ManpowerGroup by 2.1% during the first quarter. SummerHaven Investment Management LLC now owns 11,657 shares of the business services provider's stock worth $675,000 after acquiring an additional 238 shares in the last quarter. Fifth Third Bancorp raised its holdings in ManpowerGroup by 48.6% during the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after buying an additional 243 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of ManpowerGroup by 0.3% in the first quarter. Principal Financial Group Inc. now owns 107,969 shares of the business services provider's stock worth $6,249,000 after purchasing an additional 278 shares during the period. Vident Advisory LLC increased its stake in shares of ManpowerGroup by 2.8% in the fourth quarter. Vident Advisory LLC now owns 10,708 shares of the business services provider's stock worth $618,000 after purchasing an additional 290 shares during the period. Finally, KBC Group NV increased its stake in shares of ManpowerGroup by 0.6% in the first quarter. KBC Group NV now owns 54,456 shares of the business services provider's stock worth $3,152,000 after purchasing an additional 347 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Stock Up 4.4%

NYSE MAN traded up $1.76 on Wednesday, reaching $41.51. The company had a trading volume of 304,463 shares, compared to its average volume of 916,378. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of -109.55 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 0.98. ManpowerGroup Inc. has a 1-year low of $37.97 and a 1-year high of $75.57. The company's fifty day moving average is $41.85 and its 200-day moving average is $48.08.

ManpowerGroup (NYSE:MAN - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The business services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.69 by $0.09. ManpowerGroup had a negative net margin of 0.09% and a positive return on equity of 7.98%. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the business posted $1.30 EPS. The company's quarterly revenue was down .5% on a year-over-year basis. On average, research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

MAN has been the topic of a number of recent research reports. BMO Capital Markets decreased their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. UBS Group boosted their target price on ManpowerGroup from $42.00 to $45.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised ManpowerGroup from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Truist Financial dropped their target price 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $48.20.

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.