ManpowerGroup Inc. (NYSE:MAN) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in ManpowerGroup Inc. (NYSE:MAN) by 102.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,189 shares of the business services provider’s stock after acquiring an additional 4,151 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in ManpowerGroup were worth $651,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. grew its holdings in ManpowerGroup by 36.0% during the 4th quarter. Vise Technologies Inc. now owns 8,342 shares of the business services provider’s stock valued at $663,000 after purchasing an additional 2,207 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ManpowerGroup by 10.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,066,520 shares of the business services provider’s stock valued at $164,227,000 after acquiring an additional 193,444 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of ManpowerGroup by 21.5% during the fourth quarter. BNP Paribas Financial Markets now owns 10,066 shares of the business services provider’s stock worth $800,000 after acquiring an additional 1,784 shares during the last quarter. Versor Investments LP acquired a new position in shares of ManpowerGroup in the fourth quarter worth about $389,000. Finally, Kovitz Investment Group Partners LLC boosted its holdings in ManpowerGroup by 13.7% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 111,605 shares of the business services provider’s stock valued at $8,869,000 after purchasing an additional 13,422 shares during the last quarter. Hedge funds and other institutional investors own 98.03% of the company’s stock.

ManpowerGroup Trading Down 0.2 %

Shares of NYSE MAN opened at $74.10 on Thursday. ManpowerGroup Inc. has a 12-month low of $67.35 and a 12-month high of $88.91. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 76.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.50. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.44. The stock’s 50 day simple moving average is $75.01 and its 200 day simple moving average is $75.18.

ManpowerGroup (NYSE:MAN) last posted its earnings results on Thursday, April 18th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.04. The company had revenue of $4.40 billion for the quarter, compared to analysts’ expectations of $4.44 billion. ManpowerGroup had a return on equity of 11.45% and a net margin of 0.27%. The firm’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same period last year, the business posted $1.61 earnings per share. Equities research analysts expect that ManpowerGroup Inc. will post 5 EPS for the current year.

ManpowerGroup Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be paid a $1.54 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a dividend yield of 3.8%. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. ManpowerGroup’s dividend payout ratio (DPR) is presently 317.53%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com lowered ManpowerGroup from a “buy” rating to a “hold” rating in a research report on Wednesday, January 31st. JPMorgan Chase & Co. boosted their target price on shares of ManpowerGroup from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, April 19th. UBS Group reduced their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Truist Financial boosted their price objective on ManpowerGroup from $75.00 to $78.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Finally, BMO Capital Markets increased their target price on ManpowerGroup from $81.00 to $84.00 and gave the stock a “market perform” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $83.00.

ManpowerGroup Company 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.