ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP reduced its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 63.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,798 shares of the business services provider's stock after selling 42,761 shares during the quarter. Quantinno Capital Management LP owned 0.05% of ManpowerGroup worth $1,431,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Colonial Trust Co SC purchased a new position in ManpowerGroup in the 4th quarter valued at $28,000. WFA Asset Management Corp acquired a new stake in shares of ManpowerGroup in the 4th quarter worth $35,000. SRS Capital Advisors Inc. boosted its holdings in shares of ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after acquiring an additional 562 shares in the last quarter. Blue Trust Inc. increased its stake in shares of ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after acquiring an additional 778 shares during the period. Finally, R Squared Ltd acquired a new position in shares of ManpowerGroup during the fourth quarter worth about $95,000. Institutional investors and hedge funds own 98.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial reduced their price objective 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. UBS Group reduced their price target 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. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price target for the stock from $55.00 to $50.00 in a report on Thursday, April 10th. Wall Street Zen cut ManpowerGroup from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lowered their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Stock Down 1.7%

Shares of NYSE:MAN traded down $0.73 during midday trading on Wednesday, hitting $42.09. 61,513 shares of the company's stock traded hands, compared to its average volume of 666,472. The firm's fifty day moving average price is $47.26 and its two-hundred day moving average price is $55.01. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. ManpowerGroup Inc. has a twelve month low of $38.10 and a twelve month high of $78.22. The company has a market cap of $1.95 billion, a PE ratio of 14.07 and a beta of 1.09.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data 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). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The company had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, equities research analysts anticipate that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.72 dividend. This represents a yield of 3.5%. The ex-dividend date of this dividend is Monday, June 2nd. ManpowerGroup's dividend 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.