Hancock Whitney Corp Has $518,000 Stock Holdings in ManpowerGroup Inc. (NYSE:MAN)

Hancock Whitney Corp boosted its stake in ManpowerGroup Inc. (NYSE:MAN) by 2.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,666 shares of the business services provider’s stock after buying an additional 144 shares during the quarter. Hancock Whitney Corp’s holdings in ManpowerGroup were worth $518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAN. Tidal Investments LLC increased its holdings in ManpowerGroup by 179.7% during the 1st quarter. Tidal Investments LLC now owns 17,327 shares of the business services provider’s stock valued at $1,345,000 after purchasing an additional 11,132 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in ManpowerGroup by 3.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 376,184 shares of the business services provider’s stock valued at $29,207,000 after purchasing an additional 14,121 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in ManpowerGroup by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 44,888 shares of the business services provider’s stock valued at $3,486,000 after purchasing an additional 1,845 shares during the last quarter. Quadrature Capital Ltd raised its position in ManpowerGroup by 140.0% in the 1st quarter. Quadrature Capital Ltd now owns 20,437 shares of the business services provider’s stock valued at $1,587,000 after purchasing an additional 11,921 shares during the last quarter. Finally, Keeley Teton Advisors LLC raised its position in ManpowerGroup by 45.8% in the 1st quarter. Keeley Teton Advisors LLC now owns 29,113 shares of the business services provider’s stock valued at $2,260,000 after purchasing an additional 9,151 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

ManpowerGroup Trading Down 3.6 %

Shares of ManpowerGroup stock traded down $2.73 during trading on Thursday, reaching $73.85. 221,370 shares of the company were exchanged, compared to its average volume of 406,295. The company has a quick ratio of 1.17, a current ratio of 1.14 and a debt-to-equity ratio of 0.45. ManpowerGroup Inc. has a twelve month low of $66.03 and a twelve month high of $80.57. The business has a 50-day moving average price of $72.01 and a 200-day moving average price of $73.60. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 75.74, a P/E/G ratio of 1.98 and a beta of 1.47.

ManpowerGroup (NYSE:MAN) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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 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 anticipate that ManpowerGroup Inc. will post 4.87 EPS for the current fiscal year.

ManpowerGroup Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a dividend of $1.54 per share. The ex-dividend date of this dividend was Monday, June 3rd. This is a positive change from ManpowerGroup’s previous semi-annual dividend of $1.47. This represents a yield of 3.8%. ManpowerGroup’s payout ratio is currently 317.53%.

Analysts Set New Price Targets

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

ManpowerGroup Company 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.