Ameritas Investment Partners Inc. Trims Holdings in ManpowerGroup Inc. (NYSE:MAN)

Ameritas Investment Partners Inc. decreased its position in ManpowerGroup Inc. (NYSE:MAN) by 5.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,577 shares of the business services provider’s stock after selling 900 shares during the period. Ameritas Investment Partners Inc.’s holdings in ManpowerGroup were worth $1,287,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MAN. Norges Bank bought a new position in ManpowerGroup in the 4th quarter worth about $44,057,000. Capital Research Global Investors lifted its stake in ManpowerGroup by 37.5% during 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 acquiring an additional 247,383 shares during the period. Dimensional Fund Advisors LP lifted its stake 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 acquiring an additional 193,444 shares during the period. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 137,668 shares during the period. Finally, Schroder Investment Management Group lifted its stake 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 acquiring an additional 137,441 shares during the period. Institutional investors own 98.03% of the company’s stock.

ManpowerGroup Price Performance

MAN traded up $0.84 during trading hours on Wednesday, hitting $72.74. The company’s stock had a trading volume of 222,275 shares, compared to its average volume of 405,508. The business’s 50-day moving average price is $72.11 and its 200-day moving average price is $73.65. ManpowerGroup Inc. has a 12 month low of $66.03 and a 12 month high of $82.38. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 73.98, a P/E/G ratio of 1.82 and a beta of 1.47. The company has a current ratio of 1.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.45.

ManpowerGroup (NYSE:MAN) last posted 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 company had revenue of $4.52 billion during 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%. ManpowerGroup’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.58 earnings per share. Sell-side analysts expect that ManpowerGroup Inc. will post 4.96 earnings per share for the current fiscal year.

ManpowerGroup Increases Dividend

The company also recently disclosed 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 is an increase 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 presently 317.53%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MAN shares. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a research report 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 for the company in a research report on Tuesday, June 11th. BMO Capital Markets upped their price target on shares of ManpowerGroup from $80.00 to $87.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. Finally, UBS Group reduced their price target on shares of ManpowerGroup from $81.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $82.40.

ManpowerGroup 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.