LSV Asset Management Decreases Holdings in ManpowerGroup Inc. $MAN

LSV Asset Management trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,119,570 shares of the business services provider’s stock after selling 26,722 shares during the period. LSV Asset Management owned about 2.42% of ManpowerGroup worth $42,432,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the stock. Baird Financial Group Inc. bought a new stake in ManpowerGroup in the first quarter worth about $219,000. Goldman Sachs Group Inc. increased its stake in shares of ManpowerGroup by 12.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 347,423 shares of the business services provider’s stock worth $20,109,000 after purchasing an additional 38,710 shares during the last quarter. Empowered Funds LLC increased its stake in shares of ManpowerGroup by 3.2% during the 1st quarter. Empowered Funds LLC now owns 13,435 shares of the business services provider’s stock worth $778,000 after purchasing an additional 414 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of ManpowerGroup by 9.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 161,104 shares of the business services provider’s stock worth $9,325,000 after purchasing an additional 13,906 shares during the period. Finally, Focus Partners Wealth purchased a new position in ManpowerGroup in the first quarter valued at approximately $348,000. Institutional investors own 98.03% of the company’s stock.

Analyst Ratings Changes

MAN has been the subject of a number of recent research reports. Robert W. Baird set a $50.00 target price on ManpowerGroup in a research report on Friday, January 30th. Barclays decreased their price objective on ManpowerGroup from $50.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, October 17th. JPMorgan Chase & Co. dropped their price objective on shares of ManpowerGroup from $52.00 to $42.00 and set a “neutral” rating on the stock in a report on Monday, October 20th. Argus upgraded shares of ManpowerGroup from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, February 3rd. Finally, The Goldman Sachs Group boosted their price target on shares of ManpowerGroup from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.13.

ManpowerGroup Trading Down 2.0%

Shares of ManpowerGroup stock opened at $28.63 on Friday. The company’s 50-day moving average price is $30.83 and its 200-day moving average price is $34.14. The company has a current ratio of 1.11, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. ManpowerGroup Inc. has a 12-month low of $26.14 and a 12-month high of $63.35. The company has a market cap of $1.33 billion, a price-to-earnings ratio of -95.41 and a beta of 0.88.

ManpowerGroup (NYSE:MAN) last issued its quarterly earnings data on Thursday, January 29th. The business services provider reported $0.92 EPS for the quarter, beating the consensus estimate of $0.83 by $0.09. ManpowerGroup had a negative net margin of 0.07% and a positive return on equity of 6.81%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the previous year, the company earned $1.02 earnings per share. ManpowerGroup’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

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.