Vaughan Nelson Investment Management L.P. Raises Holdings in ManpowerGroup Inc. (NYSE:MAN)

Vaughan Nelson Investment Management L.P. grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 73.3% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,027,000 shares of the business services provider's stock after buying an additional 434,480 shares during the period. Vaughan Nelson Investment Management L.P. owned 2.20% of ManpowerGroup worth $59,443,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp raised its stake in ManpowerGroup by 24.0% during the 4th quarter. Northern Trust Corp now owns 437,495 shares of the business services provider's stock valued at $25,252,000 after purchasing an additional 84,741 shares during the period. AlphaQuest LLC lifted its holdings in shares of ManpowerGroup by 4,364.3% in the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock worth $1,616,000 after buying an additional 27,364 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of ManpowerGroup by 34.5% during the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock worth $43,189,000 after acquiring an additional 191,901 shares during the last quarter. Alexander Randolph Advisory Inc. grew its stake in ManpowerGroup by 1.7% during the fourth quarter. Alexander Randolph Advisory Inc. now owns 33,148 shares of the business services provider's stock valued at $1,913,000 after acquiring an additional 545 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in ManpowerGroup by 6.4% in the 4th quarter. Alliancebernstein L.P. now owns 90,447 shares of the business services provider's stock valued at $5,221,000 after acquiring an additional 5,432 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAN has been the subject of a number of research analyst reports. Wall Street Zen lowered ManpowerGroup from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. BMO Capital Markets reduced their price objective on 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 lowered their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. 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. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $50.60.

ManpowerGroup Trading Up 1.3%

Shares of ManpowerGroup stock traded up $0.54 during trading on Monday, hitting $40.86. The stock had a trading volume of 103,529 shares, compared to its average volume of 691,890. ManpowerGroup Inc. has a 12 month low of $38.10 and a 12 month high of $78.22. The firm's fifty day simple moving average is $43.40 and its 200-day simple moving average is $53.00. The stock has a market cap of $1.89 billion, a PE ratio of 13.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.

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 the consensus estimate 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 company posted $0.94 earnings per share. As a group, sell-side analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current fiscal year.

ManpowerGroup Cuts Dividend

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