Magnetar Financial LLC Takes $888,000 Position in ManpowerGroup Inc. (NYSE:MAN)

Magnetar Financial LLC acquired a new position in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,385 shares of the business services provider's stock, valued at approximately $888,000.

Several other hedge funds have also recently added to or reduced their stakes in MAN. WFA Asset Management Corp acquired a new position in shares of ManpowerGroup in the 4th 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 worth $51,000 after purchasing an additional 562 shares in the last quarter. Blue Trust Inc. lifted its stake in ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after purchasing an additional 778 shares during the period. R Squared Ltd acquired a new stake in ManpowerGroup during the fourth quarter valued at approximately $95,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of ManpowerGroup by 34.2% in the 4th 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. Institutional investors own 98.03% of the company's stock.

ManpowerGroup Trading Up 1.3 %

MAN traded up $0.74 during mid-day trading on Wednesday, reaching $58.56. The stock had a trading volume of 472,998 shares, compared to its average volume of 539,202. The stock has a market capitalization of $2.74 billion, a P/E ratio of 19.58 and a beta of 1.43. ManpowerGroup Inc. has a 52 week low of $53.31 and a 52 week high of $78.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The firm's fifty day simple moving average is $58.28 and its two-hundred day simple moving average is $62.22.

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Analysts Set New Price Targets

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

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.