Ontario Teachers Pension Plan Board Acquires 11,534 Shares of ManpowerGroup Inc. (NYSE:MAN)

Ontario Teachers Pension Plan Board boosted its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 70.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,844 shares of the business services provider’s stock after purchasing an additional 11,534 shares during the quarter. Ontario Teachers Pension Plan Board owned about 0.06% of ManpowerGroup worth $2,162,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of 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 buying an additional 17,691 shares during the period. Victory Capital Management Inc. increased its holdings in ManpowerGroup by 3.8% during 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 purchasing an additional 137,668 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in ManpowerGroup by 10.3% during 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 purchasing an additional 193,444 shares in the last quarter. Schroder Investment Management Group increased 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 valued at $113,259,000 after purchasing an additional 137,441 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in ManpowerGroup by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 1,096,658 shares of the business services provider’s stock valued at $87,151,000 after purchasing an additional 17,481 shares in the last quarter. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Stock Up 1.5 %

Shares of NYSE:MAN traded up $1.08 during midday trading on Tuesday, reaching $72.52. The company had a trading volume of 451,238 shares, compared to its average volume of 503,278. ManpowerGroup Inc. has a 1-year low of $66.03 and a 1-year high of $82.38. The business’s 50 day moving average price is $72.24 and its 200 day moving average price is $73.68. The company has a quick ratio of 1.17, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. The stock has a market cap of $3.46 billion, a PE ratio of 74.76, a P/E/G ratio of 1.50 and a beta of 1.47.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings results on Thursday, July 18th. The business services provider reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.03. The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.53 billion. ManpowerGroup had a return on equity of 11.08% and a net margin of 0.25%. The firm’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 company posted $1.58 earnings per share. Research analysts forecast that ManpowerGroup Inc. will post 5 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

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

Analyst Ratings Changes

MAN has been the subject of several research reports. BNP Paribas raised 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. JPMorgan Chase & Co. decreased their price objective on ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research note on Friday. BMO Capital Markets lifted their price objective on ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, UBS Group decreased their price objective on ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, ManpowerGroup presently has a consensus rating of “Hold” and an average price target of $82.40.

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.