Ieq Capital LLC Makes New Investment in ManpowerGroup Inc. (NYSE:MAN)

Ieq Capital LLC acquired a new stake in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 102,851 shares of the business services provider's stock, valued at approximately $5,937,000. Ieq Capital LLC owned about 0.22% of ManpowerGroup as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in MAN. WFA Asset Management Corp bought a new stake in ManpowerGroup in the 4th quarter valued at $35,000. Blue Trust Inc. boosted its position in shares of ManpowerGroup by 248.3% during the 3rd quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock valued at $37,000 after acquiring an additional 375 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in ManpowerGroup in the third quarter valued at about $54,000. R Squared Ltd acquired a new position in ManpowerGroup in the fourth quarter worth about $95,000. Finally, Venturi Wealth Management LLC raised its position in ManpowerGroup by 400.3% in the third quarter. Venturi Wealth Management LLC now owns 1,666 shares of the business services provider's stock worth $122,000 after purchasing an additional 1,333 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MAN shares. Truist Financial reaffirmed a "hold" rating and set a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Barclays decreased their price target on ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating on the stock in a research note on Friday, January 3rd. UBS Group dropped their price objective on ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. cut their price objective on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, ManpowerGroup has a consensus rating of "Hold" and an average target price of $69.33.

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ManpowerGroup Price Performance

NYSE MAN traded up $0.46 during trading hours on Tuesday, reaching $54.77. 131,227 shares of the company's stock were exchanged, compared to its average volume of 694,578. The firm has a fifty day moving average of $57.45 and a 200-day moving average of $64.12. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87. The stock has a market cap of $2.56 billion, a PE ratio of 18.31 and a beta of 1.45.

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.