Victory Capital Reports 3.7M Share Stake in ManpowerGroup

TL;DR

**Victory Capital Management holds 3.7M shares of ManpowerGroup, signaling institutional confidence.**

AI Summary

Victory Capital Management Inc. has updated its ownership stake in ManpowerGroup Inc. as of December 31, 2023. The investment firm now beneficially owns 3,696,380 shares of ManpowerGroup's common stock, representing a significant holding. This matters to investors because it shows a major institutional investor's continued or adjusted confidence in ManpowerGroup, potentially influencing market perception and stock stability.

Why It Matters

This filing indicates a significant institutional investor's position in ManpowerGroup, which can signal confidence or a change in strategy, potentially impacting the stock's perceived value and stability.

Risk Assessment

Risk Level: low — This is an amendment to an existing filing, indicating a routine update to an institutional ownership stake, which typically carries low risk.

Analyst Insight

Investors should note that a major institutional investor, Victory Capital Management, holds a substantial position in ManpowerGroup. This could be a factor in assessing the stock's institutional support, but further research into Victory Capital's investment thesis and ManpowerGroup's fundamentals is warranted before making investment decisions.

Key Numbers

• 3,696,380 — Shares Beneficially Owned (Represents Victory Capital Management Inc.'s sole voting power in ManpowerGroup Inc. as of December 31, 2023.)

Key Players & Entities

• Victory Capital Management Inc. (company) — the reporting person and institutional investor
• ManpowerGroup Inc. (company) — the subject company whose shares are being reported
• 3,696,380 (dollar_amount) — shares beneficially owned by Victory Capital Management Inc.
• December 31, 2023 (date) — the date of the event requiring the filing
• New York (company) — place of organization for Victory Capital Management Inc.

Forward-Looking Statements

• Victory Capital Management Inc. will maintain a significant stake in ManpowerGroup Inc. throughout 2024. (Victory Capital Management Inc.) — medium confidence, target: 2024-12-31

FAQ

From the Filing

0001040188-24-000014.txt : 20240206 0001040188-24-000014.hdr.sgml : 20240206 20240206104933 ACCESSION NUMBER: 0001040188-24-000014 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240206 DATE AS OF CHANGE: 20240206 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ManpowerGroup Inc. CENTRAL INDEX KEY: 0000871763 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-HELP SUPPLY SERVICES [7363] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 391672779 STATE OF INCORPORATION: WI FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-41959 FILM NUMBER: 24598846 BUSINESS ADDRESS: STREET 1: 100 MANPOWER PLACE CITY: MILWAUKEE STATE: WI ZIP: 53212 BUSINESS PHONE: 414 961-1000 MAIL ADDRESS: STREET 1: 100 MANPOWER PLACE CITY: MILWAUKEE STATE: WI ZIP: 53212 FORMER COMPANY: FORMER CONFORMED NAME: MANPOWER INC /WI/ DATE OF NAME CHANGE: 19930328 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: VICTORY CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001040188 ORGANIZATION NAME: IRS NUMBER: 132700161 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 15935 LA CANTERA PARKWAY CITY: SAN ANTONIO STATE: TX ZIP: 78256 BUSINESS PHONE: 2168982400 MAIL ADDRESS: STREET 1: 15935 LA CANTERA PARKWAY CITY: SAN ANTONIO STATE: TX ZIP: 78256 FORMER COMPANY: FORMER CONFORMED NAME: KEY ASSET MANAGEMENT INC/OH DATE OF NAME CHANGE: 19990325 SC 13G/A 1 manpower13ga1_123123.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 ( Amendment No. 1)* Manpower Group (Name of Issuer) Common Stock (Title of Class of Securities) 56418H100 (CUSIP Number) December 31, 2023 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) ¨ Rule 13d-1(c) ¨ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 56418H100 13G Page 2 of 4 Pages 1. NAMES OF REPORTING PERSONS Victory Capital Management Inc. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) 13-2700161 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) ¨ (b) ¨ 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION New York NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 3,696,389 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 3,759,889 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,759,889 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions) ¨ 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 7.70% 12. TYPE OF REPORTING PERSON (see instructions) IA CUSIP No. 56418H100 13G Page 3 of 4 Pages Item 1. (a) Name of Issuer Manpower Group Inc. (b) Address of Issuer’s Principal Executive Offices 100 Manpower Place Milwaukee, WI 53212 Item 2. (a) Name of Persons Filing Victory Capital Management Inc. (b) Address of the Principal Office or, if none, residence 4900 Tiedeman Rd. 4 th Floor Brooklyn, OH 44144 (c) Citizenship New York (d) Title of Class of Securities Common Stock (e) CUSIP Number 56418H100 Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) ¨ Broker or dealer registere