UMB Bank n.a. Increases Stock Position in ManpowerGroup Inc. (NYSE:MAN)

UMB Bank n.a. boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 131.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 899 shares of the business services provider’s stock after purchasing an additional 511 shares during the quarter. UMB Bank n.a.’s holdings in ManpowerGroup were worth $52,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in ManpowerGroup by 2.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,493,838 shares of the business services provider’s stock valued at $143,942,000 after purchasing an additional 59,763 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of ManpowerGroup by 45.8% in the fourth quarter. AQR Capital Management LLC now owns 2,262,265 shares of the business services provider’s stock worth $130,125,000 after acquiring an additional 711,043 shares during the last quarter. Invesco Ltd. grew its holdings in shares of ManpowerGroup by 4.2% during the fourth quarter. Invesco Ltd. now owns 1,916,543 shares of the business services provider’s stock worth $110,623,000 after buying an additional 77,234 shares in the last quarter. Millennium Management LLC grew its stake in ManpowerGroup by 137.0% during the 4th quarter. Millennium Management LLC now owns 811,595 shares of the business services provider’s stock valued at $46,845,000 after acquiring an additional 469,184 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of ManpowerGroup by 37.2% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 754,320 shares of the business services provider’s stock valued at $43,539,000 after purchasing an additional 204,622 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors.

ManpowerGroup Price Performance

MAN opened at $40.32 on Friday. ManpowerGroup Inc. has a 52-week low of $38.10 and a 52-week high of $78.22. The company has a market cap of $1.87 billion, a P/E ratio of 13.48 and a beta of 1.08. 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 company has a 50 day moving average of $43.40 and a two-hundred day moving average of $53.08.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $3.94 billion. During the same period in the prior year, the company posted $0.94 EPS. On average, analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

ManpowerGroup Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a $0.72 dividend. This represents a yield of 3.5%. The ex-dividend date is Monday, June 2nd. ManpowerGroup’s dividend payout ratio (DPR) is 62.61%.

Analysts Set New Price Targets

MAN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, April 21st. BMO Capital Markets lowered their price objective 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. UBS Group dropped their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. Wall Street Zen lowered ManpowerGroup from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Finally, Barclays raised shares of ManpowerGroup from an “underweight” rating to an “equal weight” rating and reduced their target price for the company from $55.00 to $50.00 in a report on Thursday, April 10th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $50.60.

About ManpowerGroup

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.