SG Americas Securities LLC Buys 59,502 Shares of ManpowerGroup Inc. (NYSE:MAN)

SG Americas Securities LLC raised its position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 751.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,424 shares of the business services provider's stock after buying an additional 59,502 shares during the period. SG Americas Securities LLC owned about 0.14% of ManpowerGroup worth $3,903,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its holdings in ManpowerGroup by 45.8% in the 4th quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider's stock worth $130,125,000 after purchasing an additional 711,043 shares in the last quarter. Norges Bank bought a new position in ManpowerGroup in the fourth quarter worth about $27,706,000. Millennium Management LLC lifted its holdings in 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 buying an additional 469,184 shares during the period. Barclays PLC grew its holdings in shares of ManpowerGroup by 194.3% during the 4th quarter. Barclays PLC now owns 455,803 shares of the business services provider's stock worth $26,308,000 after acquiring an additional 300,917 shares during the period. Finally, Voloridge Investment Management LLC grew its holdings in shares of ManpowerGroup by 84.3% during the 4th quarter. Voloridge Investment Management LLC now owns 548,389 shares of the business services provider's stock worth $31,653,000 after acquiring an additional 250,791 shares during the period. Institutional investors own 98.03% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets lowered their price target on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Wall Street Zen cut ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Barclays raised shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price target for the company from $55.00 to $50.00 in a report on Thursday, April 10th. Finally, UBS Group reduced their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $50.60.

ManpowerGroup Stock Performance

ManpowerGroup stock traded down $1.14 during midday trading on Tuesday, hitting $39.94. The stock had a trading volume of 530,427 shares, compared to its average volume of 694,631. The company has a market capitalization of $1.85 billion, a PE ratio of 17.37 and a beta of 1.08. ManpowerGroup Inc. has a 52-week low of $38.10 and a 52-week high of $78.22. The firm's fifty day moving average is $42.99 and its two-hundred day moving average is $52.74. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.46.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). The business had revenue of $698.30 million during the quarter, compared to the consensus estimate of $3.94 billion. ManpowerGroup had a return on equity of 9.10% and a net margin of 0.63%. During the same period last year, the company earned $0.94 EPS. On average, research analysts forecast that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.72 dividend. The ex-dividend date of this dividend was Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's dividend payout ratio (DPR) is 62.61%.

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.