Wellington Management Group LLP Purchases 17,481 Shares of ManpowerGroup Inc. (NYSE:MAN)

Wellington Management Group LLP grew its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,096,658 shares of the business services provider’s stock after acquiring an additional 17,481 shares during the period. Wellington Management Group LLP’s holdings in ManpowerGroup were worth $87,151,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MAN. SummerHaven Investment Management LLC grew its holdings in ManpowerGroup by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 8,701 shares of the business services provider’s stock worth $691,000 after purchasing an additional 138 shares during the last quarter. Venturi Wealth Management LLC lifted its position in ManpowerGroup by 54.8% during the fourth quarter. Venturi Wealth Management LLC now owns 452 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 160 shares during the period. Raymond James & Associates raised its position in shares of ManpowerGroup by 5.2% in the fourth quarter. Raymond James & Associates now owns 3,526 shares of the business services provider’s stock worth $280,000 after acquiring an additional 173 shares during the period. Covestor Ltd raised its position in shares of ManpowerGroup by 8.0% in the third quarter. Covestor Ltd now owns 2,578 shares of the business services provider’s stock worth $189,000 after acquiring an additional 190 shares during the period. Finally, Amalgamated Bank increased its stake in shares of ManpowerGroup by 0.9% during the fourth quarter. Amalgamated Bank now owns 32,951 shares of the business services provider’s stock worth $2,619,000 after purchasing an additional 291 shares in the last quarter. 98.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAN. 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 note on Friday, April 19th. UBS Group dropped their price objective on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. BMO Capital Markets upped their price objective on shares of ManpowerGroup from $81.00 to $84.00 and gave the company a “market perform” rating in a research note on Monday, April 22nd. Finally, BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price objective for the company in a research note on Tuesday, June 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $84.57.

ManpowerGroup Stock Performance

ManpowerGroup stock opened at $72.40 on Friday. The firm has a 50 day simple moving average of $74.32 and a 200-day simple moving average of $74.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.17 and a quick ratio of 1.17. ManpowerGroup Inc. has a 1-year low of $67.35 and a 1-year high of $88.91. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 74.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.49.

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

ManpowerGroup Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.54 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a yield of 3.8%. ManpowerGroup’s dividend payout ratio is 317.53%.

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.