Point72 DIFC Ltd Makes New $953,000 Investment in ManpowerGroup Inc. (NYSE:MAN)

Point72 DIFC Ltd acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,659 shares of the business services provider’s stock, valued at approximately $953,000.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its position in ManpowerGroup by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 6,912,219 shares of the business services provider’s stock worth $549,314,000 after acquiring an additional 17,691 shares during the last quarter. Victory Capital Management Inc. boosted its stake in ManpowerGroup by 4.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,125,887 shares of the business services provider’s stock valued at $287,987,000 after purchasing an additional 183,527 shares during the period. Dimensional Fund Advisors LP grew its holdings in ManpowerGroup by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,985 shares of the business services provider’s stock valued at $160,539,000 after buying an additional 103,059 shares during the last quarter. Schroder Investment Management Group increased its position in ManpowerGroup by 10.7% in the 4th quarter. Schroder Investment Management Group now owns 1,425,180 shares of the business services provider’s stock worth $113,259,000 after buying an additional 137,441 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of ManpowerGroup by 1.6% during the fourth quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock worth $87,151,000 after buying an additional 17,481 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Stock Performance

NYSE MAN opened at $72.01 on Thursday. ManpowerGroup Inc. has a twelve month low of $66.03 and a twelve month high of $80.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.43 billion, a P/E ratio of 74.23 and a beta of 1.45. The company’s 50-day simple moving average is $72.27 and its 200 day simple moving average is $73.06.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.03. The company had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The business’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.58 earnings per share. As a group, research analysts forecast that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MAN shares. JPMorgan Chase & Co. dropped their target price on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research report on Friday, July 19th. BMO Capital Markets boosted their price objective on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a report on Friday, July 19th. Finally, BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 target price for the company in a research note on Tuesday, June 11th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $82.40.

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.