103,572 Shares in ManpowerGroup Inc. (NYSE:MAN) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 103,572 shares of the business services provider's stock, valued at approximately $5,978,000. Susquehanna Fundamental Investments LLC owned approximately 0.22% of ManpowerGroup as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MAN. WFA Asset Management Corp purchased a new stake in ManpowerGroup in the fourth quarter valued at $35,000. SRS Capital Advisors Inc. raised its position in ManpowerGroup by 171.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock valued at $51,000 after purchasing an additional 562 shares during the period. Blue Trust Inc. raised its position in ManpowerGroup by 147.9% in the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after purchasing an additional 778 shares during the period. R Squared Ltd purchased a new stake in ManpowerGroup in the fourth quarter valued at $95,000. Finally, PNC Financial Services Group Inc. raised its position in ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock valued at $133,000 after purchasing an additional 587 shares during the period. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MAN shares. Truist Financial reduced their target price on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. JPMorgan Chase & Co. reduced their target price on ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets dropped their price objective on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and dropped their price objective for the company from $55.00 to $50.00 in a research note on Thursday, April 10th. Finally, UBS Group dropped their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $57.50.

ManpowerGroup Trading Up 1.5 %

MAN opened at $42.49 on Monday. ManpowerGroup Inc. has a 12 month low of $39.22 and a 12 month high of $78.87. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.21 and a beta of 1.28. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15. The business has a fifty day moving average price of $54.17 and a 200 day moving average price of $58.48.

ManpowerGroup (NYSE:MAN - Get Free Report) last released its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The company had revenue of $698.30 million for the quarter, compared to analyst estimates of $3.94 billion. During the same period in the previous year, the firm earned $0.94 earnings per share. Sell-side analysts expect that ManpowerGroup Inc. will post 4.23 earnings per share for the current fiscal year.

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.

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