XTX Topco Ltd Has $1.90 Million Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Key Points

• XTX Topco Ltd increased its stake in ManpowerGroup Inc. by 78.2%, acquiring an additional 14,363 shares, bringing its total ownership to approximately $1.90 million.
• ManpowerGroup's recent earnings report showed an earnings per share (EPS) of $0.78, surpassing analysts' expectations of $0.69, although revenue declined by 0.5% compared to the previous year.
• Analysts have mixed ratings on ManpowerGroup, with UBS raising its price target to $45.00 while other firms have cut targets, reflecting cautious sentiment amid recent market performance.

XTX Topco Ltd grew its holdings in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 78.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,738 shares of the business services provider's stock after purchasing an additional 14,363 shares during the period. XTX Topco Ltd owned approximately 0.07% of ManpowerGroup worth $1,895,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MAN. Colonial Trust Co SC purchased a new stake in shares of ManpowerGroup during the fourth quarter worth $28,000. GAMMA Investing LLC grew its position in shares of ManpowerGroup by 190.6% in the first quarter. GAMMA Investing LLC now owns 744 shares of the business services provider's stock valued at $43,000 after purchasing an additional 488 shares during the last quarter. Fifth Third Bancorp grew its position in shares of ManpowerGroup by 48.6% in the first quarter. Fifth Third Bancorp now owns 743 shares of the business services provider's stock valued at $43,000 after purchasing an additional 243 shares during the last quarter. UMB Bank n.a. grew its position in shares of ManpowerGroup by 131.7% in the first quarter. UMB Bank n.a. now owns 899 shares of the business services provider's stock valued at $52,000 after purchasing an additional 511 shares during the last quarter. Finally, WFA Asset Management Corp grew its position in ManpowerGroup by 129.3% during the first quarter. WFA Asset Management Corp now owns 1,376 shares of the business services provider's stock worth $80,000 after buying an additional 776 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on MAN. Wall Street Zen raised ManpowerGroup from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price objective for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Truist Financial dropped 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. BMO Capital Markets dropped their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. dropped their target price 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, ManpowerGroup has an average rating of "Hold" and an average target price of $48.20.

ManpowerGroup Stock Down 4.8%

MAN stock traded down $2.00 during trading hours on Friday, reaching $39.25. 1,013,033 shares of the stock were exchanged, compared to its average volume of 1,114,077. The firm's 50-day moving average is $42.18 and its 200-day moving average is $49.15. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -103.30 and a beta of 1.08. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.98 and a quick ratio of 1.12. ManpowerGroup Inc. has a 12 month low of $37.99 and a 12 month high of $75.57.

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

ManpowerGroup Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.72 dividend. This represents a yield of 350.0%. The ex-dividend date of this dividend was Monday, June 2nd. ManpowerGroup's dividend payout ratio (DPR) is -378.95%.

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.