Wellington Management Group LLP Trims Position in ManpowerGroup Inc. (NYSE:MAN)

Wellington Management Group LLP decreased its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 96.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,576 shares of the business services provider's stock after selling 969,624 shares during the period. Wellington Management Group LLP owned approximately 0.07% of ManpowerGroup worth $1,765,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Colonial Trust Co SC purchased a new stake in shares of ManpowerGroup in the fourth quarter valued at approximately $28,000. SRS Capital Advisors Inc. lifted its holdings in 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 during the period. Blue Trust Inc. boosted its position in shares of ManpowerGroup by 147.9% during the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after purchasing an additional 778 shares in the last quarter. Quarry LP boosted its position in shares of ManpowerGroup by 193.4% during the 4th quarter. Quarry LP now owns 2,262 shares of the business services provider's stock worth $131,000 after purchasing an additional 1,491 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of ManpowerGroup by 34.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock valued at $133,000 after purchasing an additional 587 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAN has been the topic of a number of research analyst reports. UBS Group decreased their price objective on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. decreased their price target on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note 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 on the stock in a report on Monday, April 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Finally, Truist Financial decreased their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Price Performance

Shares of NYSE MAN traded up $0.15 on Monday, hitting $40.76. The company's stock had a trading volume of 663,315 shares, compared to its average volume of 684,426. The stock has a 50 day moving average of $44.49 and a 200-day moving average of $53.77. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 13.63 and a beta of 1.08. ManpowerGroup Inc. has a 12-month low of $38.10 and a 12-month high of $78.22. 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 earnings results on Thursday, April 17th. The business services provider reported $0.44 earnings per share (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 analysts' expectations of $3.94 billion. ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. During the same period in the previous year, the company posted $0.94 EPS. As a group, research analysts predict that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.72 per share. 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.