Schroder Investment Management Group Boosts Stock Position in ManpowerGroup Inc. $MAN

Schroder Investment Management Group boosted its stake in shares of ManpowerGroup Inc. (NYSE:MAN) by 1.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,803,686 shares of the business services provider’s stock after acquiring an additional 25,108 shares during the quarter. Schroder Investment Management Group owned about 3.90% of ManpowerGroup worth $68,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Allworth Financial LP increased its holdings in shares of ManpowerGroup by 321.7% in the second quarter. Allworth Financial LP now owns 662 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC lifted its holdings in shares of ManpowerGroup by 103.3% during the third quarter. GAMMA Investing LLC now owns 799 shares of the business services provider’s stock worth $30,000 after purchasing an additional 406 shares during the period. True Wealth Design LLC lifted its holdings in shares of ManpowerGroup by 72.5% during the third quarter. True Wealth Design LLC now owns 802 shares of the business services provider’s stock worth $30,000 after purchasing an additional 337 shares during the period. UMB Bank n.a. grew its position in ManpowerGroup by 122.2% in the 3rd quarter. UMB Bank n.a. now owns 991 shares of the business services provider’s stock valued at $38,000 after buying an additional 545 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in ManpowerGroup by 238.7% in the 3rd quarter. Clearstead Advisors LLC now owns 1,050 shares of the business services provider’s stock valued at $40,000 after buying an additional 740 shares during the last quarter. 98.03% of the stock is currently owned by hedge funds and other institutional investors.

ManpowerGroup Trading Down 2.1%

NYSE:MAN opened at $27.80 on Wednesday. ManpowerGroup Inc. has a 1 year low of $25.15 and a 1 year high of $61.58. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average price of $30.37 and a two-hundred day moving average price of $32.49. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -92.67 and a beta of 0.91.

ManpowerGroup (NYSE:MAN) last posted its quarterly earnings results on Thursday, January 29th. The business services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.09. The business had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.63 billion. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 EPS. As a group, sell-side analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on MAN. The Goldman Sachs Group upped their price objective on shares of ManpowerGroup from $27.00 to $30.00 and gave the stock a “sell” rating in a research report on Tuesday, February 3rd. Argus raised shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price on the stock in a report on Tuesday, February 3rd. Barclays dropped their price target on shares of ManpowerGroup from $42.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, March 6th. UBS Group set a $35.00 price objective on shares of ManpowerGroup in a research report on Friday, January 30th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of ManpowerGroup in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.25.

About ManpowerGroup

ManpowerGroup (NYSE: MAN) is a global leader in workforce solutions, offering a broad spectrum of staffing and talent management services. Founded in 1948 and headquartered in Milwaukee, Wisconsin, the company has grown from a temporary staffing firm to a diversified provider of workforce consultancy, recruitment, and outsourcing services. ManpowerGroup is publicly traded on the New York Stock Exchange under the ticker MAN.

The company’s service offerings are organized into four principal brands.