Jacobs Levy Equity Management Inc. Purchases 204,622 Shares of ManpowerGroup Inc. (NYSE:MAN)

Jacobs Levy Equity Management Inc. increased its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 754,320 shares of the business services provider's stock after purchasing an additional 204,622 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 1.61% of ManpowerGroup worth $43,539,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAN. Barclays PLC increased its position in ManpowerGroup by 62.9% in the third quarter. Barclays PLC now owns 154,886 shares of the business services provider's stock worth $11,387,000 after purchasing an additional 59,821 shares during the period. Franklin Resources Inc. grew its position in shares of ManpowerGroup by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 186,295 shares of the business services provider's stock worth $13,464,000 after buying an additional 5,207 shares during the period. JPMorgan Chase & Co. grew its position in shares of ManpowerGroup by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock worth $11,950,000 after buying an additional 1,999 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of ManpowerGroup by 0.5% during the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock worth $2,745,000 after buying an additional 234 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of ManpowerGroup by 1,373.9% during the 4th quarter. Assenagon Asset Management S.A. now owns 53,473 shares of the business services provider's stock worth $3,086,000 after buying an additional 49,845 shares during the period. 98.03% of the stock is currently owned by institutional investors and hedge funds.

ManpowerGroup Stock Up 1.6%

Shares of MAN traded up $0.68 on Friday, hitting $44.02. The company's stock had a trading volume of 1,784,786 shares, compared to its average volume of 664,404. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The firm's fifty day moving average price is $49.60 and its 200-day moving average price is $56.04. ManpowerGroup Inc. has a fifty-two week low of $38.10 and a fifty-two week high of $78.22. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 14.72 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a net margin of 0.81% and a return on equity of 10.19%. The business had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, equities research analysts expect that ManpowerGroup Inc. will post 4.23 EPS for the current year.

ManpowerGroup Cuts Dividend

The firm 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 $0.72 dividend. The ex-dividend date is Monday, June 2nd. This represents a dividend yield of 3.5%. ManpowerGroup's dividend payout ratio is presently 62.61%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company in a research report on Monday, April 21st. Truist Financial decreased 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. UBS Group decreased their target price on 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 decreased their target price for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, BMO Capital Markets decreased their target price 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. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $57.50.

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.