Vanguard Group Maintains 14.2% Stake in ManpowerGroup Inc.

TL;DR

**Vanguard still owns 14.2% of ManpowerGroup, showing a strong institutional vote of confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in ManpowerGroup Inc. As of December 29, 2023, Vanguard beneficially owned 7,169,579 shares of ManpowerGroup's Common Stock, representing 14.2% of the company. This filing indicates Vanguard's continued significant passive stake, which matters to investors as large institutional holdings can provide stability but also influence stock liquidity and potential future price movements if the stake changes.

Why It Matters

This filing confirms Vanguard's substantial, passive ownership in ManpowerGroup, signaling confidence from a major institutional investor, which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institutional holder, which generally poses low risk to the company's operations or stock price.

Analyst Insight

An investor should note Vanguard's continued significant, passive ownership as a sign of institutional confidence, but recognize that this filing does not indicate any active management changes or new strategic initiatives from Vanguard.

Key Numbers

• 7,169,579 — Shares Beneficially Owned (Represents the total number of ManpowerGroup Inc. Common Stock shares held by The Vanguard Group as of December 29, 2023.)
• 14.2% — Percentage of Class (Indicates the significant portion of ManpowerGroup Inc. Common Stock owned by The Vanguard Group, highlighting its substantial institutional stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for The Vanguard Group to file this Schedule 13G/A amendment.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and institutional investor
• ManpowerGroup Inc. (company) — subject company whose shares are being reported
• 7,169,579 shares (dollar_amount) — number of shares beneficially owned by Vanguard
• 14.2% (dollar_amount) — percentage of ManpowerGroup's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in ManpowerGroup Inc. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

From the Filing

0001104659-24-021401.txt : 20240213 0001104659-24-021401.hdr.sgml : 20240213 20240213170813 ACCESSION NUMBER: 0001104659-24-021401 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24628914 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv01394-manpowergroupinc.htm SCHEDULE 13G/A manpowergroupinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  ManpowerGroup Inc Title of Class of Securities:  Common Stock CUSIP Number:  56418H100 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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 the disclosures provided in a prior cover page. The information required in 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). (Continued on the following page(s))     13G CUSIP No.:  56418H100 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 29,618 7.  SOLE DISPOSITIVE POWER 6,827,824 8.  SHARED DISPOSITIVE POWER 84,395 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,912,219 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 14.16% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 Item 1(a) - Name of Issuer: ManpowerGroup Inc Item 1(b) - Address of Issuer's Principal Executive Offices: 100 Manpower Place Milwaukee, WI 53212-4030 Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securitie