Jump Financial LLC purchased a new position in ManpowerGroup Inc. (NYSE:MAN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 89,247 shares of the business services provider's stock, valued at approximately $5,151,000. Jump Financial LLC owned about 0.19% of ManpowerGroup at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Merit Financial Group LLC bought a new stake in shares of ManpowerGroup in the fourth quarter worth $241,000. Sanctuary Advisors LLC boosted its holdings in shares of ManpowerGroup by 39.8% in the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock worth $570,000 after buying an additional 2,208 shares during the last quarter. AlphaQuest LLC grew its position in ManpowerGroup by 4,364.3% during the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock valued at $1,616,000 after buying an additional 27,364 shares during the period. Bank of New York Mellon Corp raised its position in ManpowerGroup by 34.5% in the fourth quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock worth $43,189,000 after acquiring an additional 191,901 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of ManpowerGroup by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock worth $11,950,000 after acquiring an additional 1,999 shares during the last quarter. 98.03% of the stock is owned by institutional investors.
ManpowerGroup Price Performance
Shares of MAN stock traded down $0.36 during mid-day trading on Monday, hitting $39.71. The company had a trading volume of 1,200,449 shares, compared to its average volume of 596,712. The company has a market capitalization of $1.86 billion, a P/E ratio of 13.28 and a beta of 1.28. The stock's 50 day moving average price is $55.49 and its 200-day moving average price is $59.49. ManpowerGroup Inc. has a 52-week low of $39.32 and a 52-week high of $78.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.12 and a quick ratio of 1.15.
ManpowerGroup (NYSE:MAN - Get Free Report) last posted its earnings results on Thursday, April 17th. The business services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The firm had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Equities research analysts forecast that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.
Analyst Upgrades and Downgrades
MAN has been the topic of a number of recent research reports. BMO Capital Markets decreased their target price on ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price objective for the stock from $55.00 to $50.00 in a research note on Thursday, April 10th. Truist Financial cut their price objective on ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research note on Monday. JPMorgan Chase & Co. decreased their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, UBS Group dropped their price target on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $57.50.
Check Out Our Latest Stock Analysis on MAN
ManpowerGroup Company Profile
(
Free Report)
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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