Allspring Global Investments Holdings LLC Trims Stake in ManpowerGroup Inc. (NYSE:MAN)

Allspring Global Investments Holdings LLC decreased its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 76.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,908 shares of the business services provider's stock after selling 96,886 shares during the period. Allspring Global Investments Holdings LLC owned about 0.06% of ManpowerGroup worth $1,706,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Commerce Bank raised its holdings in ManpowerGroup by 4.1% in the 3rd quarter. Commerce Bank now owns 4,272 shares of the business services provider's stock worth $314,000 after purchasing an additional 167 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of ManpowerGroup by 0.5% in the 4th quarter. Harbor Capital Advisors Inc. now owns 47,562 shares of the business services provider's stock valued at $2,745,000 after purchasing an additional 234 shares during the period. State of Alaska Department of Revenue boosted its position in shares of ManpowerGroup by 4.5% during the third quarter. State of Alaska Department of Revenue now owns 5,510 shares of the business services provider's stock valued at $405,000 after purchasing an additional 235 shares in the last quarter. Captrust Financial Advisors grew its stake in ManpowerGroup by 11.8% in the third quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock worth $240,000 after purchasing an additional 344 shares during the period. Finally, Blue Trust Inc. raised its holdings in ManpowerGroup by 248.3% in the third quarter. Blue Trust Inc. now owns 526 shares of the business services provider's stock worth $37,000 after purchasing an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 98.03% of the company's stock.

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Analyst Ratings Changes

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

ManpowerGroup Stock Up 4.0 %

Shares of ManpowerGroup stock traded up $2.20 during trading on Wednesday, reaching $56.81. The stock had a trading volume of 496,801 shares, compared to its average volume of 695,820. ManpowerGroup Inc. has a 52 week low of $53.31 and a 52 week high of $78.87. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 19.01 and a beta of 1.45. The stock has a fifty day moving average price of $57.36 and a two-hundred day moving average price of $64.01. 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 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.