Quadrature Capital Ltd Grows Holdings in ManpowerGroup Inc. (NYSE:MAN)

Quadrature Capital Ltd boosted its holdings in ManpowerGroup Inc. (NYSE:MAN) by 140.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,437 shares of the business services provider’s stock after purchasing an additional 11,921 shares during the quarter. Quadrature Capital Ltd’s holdings in ManpowerGroup were worth $1,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in ManpowerGroup in the 4th quarter valued at $44,057,000. 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 valued at $72,123,000 after buying an additional 247,383 shares during the period. Dimensional Fund Advisors LP increased its stake in ManpowerGroup by 10.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,066,520 shares of the business services provider’s stock valued at $164,227,000 after buying an additional 193,444 shares during the period. Victory Capital Management Inc. increased its stake in ManpowerGroup by 3.8% in the 4th quarter. Victory Capital Management Inc. now owns 3,759,889 shares of the business services provider’s stock valued at $298,798,000 after buying an additional 137,668 shares during the period. Finally, Schroder Investment Management Group increased its stake 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 valued at $113,259,000 after buying an additional 137,441 shares during the period. Hedge funds and other institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. BMO Capital Markets boosted their price objective on shares of ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research note on Friday, July 19th. BNP Paribas raised shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price target on the stock in a research note on Tuesday, June 11th. Finally, UBS Group lowered their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and a consensus price target of $82.40.

ManpowerGroup Price Performance

Shares of NYSE:MAN traded up $0.72 on Friday, reaching $74.81. 324,737 shares of the company were exchanged, compared to its average volume of 512,309. ManpowerGroup Inc. has a 1-year low of $66.03 and a 1-year high of $81.79. The company has a current ratio of 1.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $71.91 and a 200-day moving average of $73.61. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 77.12, a price-to-earnings-growth ratio of 1.90 and a beta of 1.47.

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

ManpowerGroup Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a $1.54 dividend. This represents a yield of 3.8%. This is an increase from ManpowerGroup’s previous semi-annual dividend of $1.47. The ex-dividend date was Monday, June 3rd. ManpowerGroup’s payout ratio is presently 317.53%.

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.