Xponance Inc. Trims Stake in ManpowerGroup Inc. (NYSE:MAN)

Xponance Inc. reduced its holdings in shares of ManpowerGroup Inc. (NYSE:MANGet Rating) by 2.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,111 shares of the business services provider’s stock after selling 157 shares during the period. Xponance Inc.’s holdings in ManpowerGroup were worth $395,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in ManpowerGroup by 0.9% during the first quarter. Vanguard Group Inc. now owns 6,317,809 shares of the business services provider’s stock valued at $593,368,000 after buying an additional 54,596 shares during the last quarter. State Street Corp increased its holdings in ManpowerGroup by 3.6% during the first quarter. State Street Corp now owns 1,938,984 shares of the business services provider’s stock valued at $182,109,000 after buying an additional 67,221 shares during the last quarter. Invesco Ltd. increased its holdings in ManpowerGroup by 67.2% during the first quarter. Invesco Ltd. now owns 1,839,997 shares of the business services provider’s stock valued at $172,812,000 after buying an additional 739,380 shares during the last quarter. FMR LLC increased its holdings in ManpowerGroup by 2.8% during the second quarter. FMR LLC now owns 1,727,674 shares of the business services provider’s stock valued at $132,012,000 after buying an additional 46,656 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of ManpowerGroup by 60.7% in the second quarter. AQR Capital Management LLC now owns 1,349,219 shares of the business services provider’s stock worth $100,233,000 after purchasing an additional 509,571 shares during the period. 97.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TheStreet upgraded shares of ManpowerGroup from a “c+” rating to a “b-” rating in a research report on Monday, November 21st. Jefferies Financial Group restated a “hold” rating and set a $72.00 target price on shares of ManpowerGroup in a research report on Tuesday, October 25th. Credit Suisse Group dropped their target price on shares of ManpowerGroup to $75.00 in a research report on Thursday, October 27th. BNP Paribas assumed coverage on shares of ManpowerGroup in a research report on Thursday, January 5th. They set an “outperform” rating and a $95.00 target price for the company. Finally, Robert W. Baird increased their price objective on shares of ManpowerGroup from $88.00 to $94.00 in a research report on Friday, October 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $80.11.

ManpowerGroup Trading Down 2.2 %

Shares of MAN opened at $87.26 on Tuesday. ManpowerGroup Inc. has a twelve month low of $64.00 and a twelve month high of $115.54. The company has a market cap of $4.41 billion, a P/E ratio of 10.75, a P/E/G ratio of 1.40 and a beta of 1.69. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $84.46 and its 200-day simple moving average is $78.13.

ManpowerGroup (NYSE:MANGet Rating) last announced its earnings results on Thursday, October 20th. The business services provider reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.03. ManpowerGroup had a net margin of 2.14% and a return on equity of 18.63%. The business had revenue of $4.80 billion for the quarter, compared to the consensus estimate of $4.90 billion. As a group, analysts expect that ManpowerGroup Inc. will post 8.56 EPS for the current year.

ManpowerGroup Dividend Announcement

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st were paid a $1.36 dividend. This represents a dividend yield of 3.2%. The ex-dividend date was Wednesday, November 30th. ManpowerGroup’s dividend payout ratio is currently 33.50%.

ManpowerGroup Profile

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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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