ManpowerGroup Inc. (NYSE:MAN) Position Increased by AQR Capital Management LLC

AQR Capital Management LLC raised its stake in ManpowerGroup Inc. (NYSE:MAN) by 55.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,608,368 shares of the business services provider’s stock after buying an additional 573,027 shares during the period. AQR Capital Management LLC’s holdings in ManpowerGroup were worth $112,264,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in shares of ManpowerGroup during the 4th quarter worth $44,057,000. Pzena Investment Management LLC acquired a new position in shares of ManpowerGroup in the 2nd quarter valued at $24,508,000. Capital Research Global Investors increased its stake in ManpowerGroup by 37.5% in the 4th quarter. Capital Research Global Investors now owns 907,545 shares of the business services provider’s stock worth $72,123,000 after purchasing an additional 247,383 shares in the last quarter. Victory Capital Management Inc. raised its holdings 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 worth $287,987,000 after buying an additional 183,527 shares during the period. Finally, Schroder Investment Management Group raised its holdings in ManpowerGroup by 10.7% during 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. Institutional investors own 98.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. 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 report on Tuesday, June 11th. JPMorgan Chase & Co. decreased their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday, July 19th. Finally, BMO Capital Markets lifted their price objective on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, ManpowerGroup has a consensus rating of “Hold” and an average target price of $82.40.

ManpowerGroup Price Performance

NYSE MAN opened at $73.14 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 75.40 and a beta of 1.45. The company has a 50 day simple moving average of $72.27 and a 200-day simple moving average of $73.06. ManpowerGroup Inc. has a 52-week low of $66.03 and a 52-week high of $80.25.

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

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.