Dimensional Fund Advisors LP Has $160.54 Million Holdings in ManpowerGroup Inc. (NYSE:MAN)

Dimensional Fund Advisors LP boosted its position in ManpowerGroup Inc. (NYSE:MAN) by 4.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,299,985 shares of the business services provider’s stock after buying an additional 103,059 shares during the quarter. Dimensional Fund Advisors LP owned approximately 4.82% of ManpowerGroup worth $160,539,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC grew its position in ManpowerGroup by 62.4% in the 1st quarter. Abich Financial Wealth Management LLC now owns 583 shares of the business services provider’s stock worth $45,000 after purchasing an additional 224 shares during the last quarter. FinTrust Capital Advisors LLC acquired a new stake in ManpowerGroup in the 1st quarter worth $47,000. Headlands Technologies LLC acquired a new stake in ManpowerGroup in the 2nd quarter worth $47,000. Advisors Asset Management Inc. acquired a new stake in ManpowerGroup in the 1st quarter worth $49,000. Finally, Innealta Capital LLC acquired a new stake in ManpowerGroup in the 2nd quarter worth $50,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of ManpowerGroup from $80.00 to $87.00 and gave the stock a “market perform” rating in a research report on Friday, July 19th. BNP Paribas upgraded shares of ManpowerGroup from an “underperform” rating to an “outperform” rating and set a $92.00 price target on the stock in a research report on Tuesday, June 11th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of ManpowerGroup from $84.00 to $75.00 and set a “neutral” rating for the company in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $82.40.

ManpowerGroup Price Performance

NYSE:MAN opened at $73.71 on Friday. The company has a 50-day moving average of $72.13 and a 200-day moving average of $73.08. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 75.99, a PEG ratio of 1.78 and a beta of 1.45. ManpowerGroup Inc. has a 52 week low of $66.03 and a 52 week high of $80.25. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.14 and a current ratio of 1.14.

ManpowerGroup (NYSE:MAN) last announced 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. ManpowerGroup had a net margin of 0.25% and a return on equity of 11.08%. The firm had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.53 billion. During the same period last year, the firm posted $1.58 EPS. The firm’s quarterly revenue was down 6.9% on a year-over-year basis. As a group, equities research analysts anticipate that ManpowerGroup Inc. will post 4.87 earnings per share for the current fiscal year.

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.