ManpowerGroup Inc. (MAN) Position Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its stake in ManpowerGroup Inc. (NYSE:MAN) by 5.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,592,465 shares of the business services provider’s stock after purchasing an additional 75,824 shares during the quarter. Dimensional Fund Advisors LP’s holdings in ManpowerGroup were worth $103,194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its holdings in ManpowerGroup by 55.1% during the third quarter. LPL Financial LLC now owns 4,404 shares of the business services provider’s stock worth $379,000 after buying an additional 1,565 shares in the last quarter. Neuberger Berman Group LLC boosted its holdings in ManpowerGroup by 5,273.7% during the third quarter. Neuberger Berman Group LLC now owns 645,815 shares of the business services provider’s stock worth $55,514,000 after buying an additional 633,797 shares in the last quarter. Teachers Advisors LLC boosted its holdings in ManpowerGroup by 5.4% during the third quarter. Teachers Advisors LLC now owns 119,729 shares of the business services provider’s stock worth $10,292,000 after buying an additional 6,140 shares in the last quarter. Morgan Stanley boosted its holdings in ManpowerGroup by 40.1% during the third quarter. Morgan Stanley now owns 218,015 shares of the business services provider’s stock worth $18,741,000 after buying an additional 62,393 shares in the last quarter. Finally, Gateway Investment Advisers LLC boosted its holdings in ManpowerGroup by 4.4% during the fourth quarter. Gateway Investment Advisers LLC now owns 68,553 shares of the business services provider’s stock worth $4,442,000 after buying an additional 2,896 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

A number of analysts recently issued reports on MAN shares. BMO Capital Markets downgraded shares of ManpowerGroup from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $83.00 to $81.00 in a report on Friday, February 1st. TheStreet raised shares of ManpowerGroup from a “c+” rating to a “b-” rating in a report on Wednesday, February 20th. ValuEngine raised shares of ManpowerGroup from a “strong sell” rating to a “sell” rating in a report on Thursday, January 31st. Royal Bank of Canada started coverage on shares of ManpowerGroup in a report on Tuesday, April 16th. They set an “outperform” rating and a $114.00 price target on the stock. Finally, Zacks Investment Research downgraded shares of ManpowerGroup from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $97.09.

NYSE:MAN opened at $92.02 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.43 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 3.70 and a beta of 1.55. ManpowerGroup Inc. has a fifty-two week low of $61.57 and a fifty-two week high of $97.26.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, April 18th. The business services provider reported $1.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.04. The company had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5 billion. ManpowerGroup had a net margin of 2.39% and a return on equity of 20.08%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.72 earnings per share. As a group, equities research analysts predict that ManpowerGroup Inc. will post 7.77 EPS for the current year.

The business also recently disclosed a semiannual dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a dividend of $1.09 per share. The ex-dividend date is Friday, May 31st. This is a boost from ManpowerGroup’s previous semiannual dividend of $1.01. This represents a yield of 2.43%. ManpowerGroup’s dividend payout ratio is currently 22.57%.

In other ManpowerGroup news, EVP Sriram Chandrashekar sold 14,706 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.90, for a total transaction of $1,248,539.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ulice Payne, Jr. sold 1,750 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $85.40, for a total transaction of $149,450.00. Following the transaction, the director now owns 8,036 shares of the company’s stock, valued at $686,274.40. The disclosure for this sale can be found here. Corporate insiders own 1.49% of the company’s stock.

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ManpowerGroup Profile

ManpowerGroup Inc provides workforce solutions and services in the Americas, Southern Europe, Northern Europe, and the Asia Pacific Middle East region. 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.

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Institutional Ownership by Quarter for ManpowerGroup (NYSE:MAN)

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