Aster Capital Management DIFC Ltd Raises Position in ManpowerGroup Inc. (NYSE:MAN)

Aster Capital Management DIFC Ltd grew its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 354.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,746 shares of the business services provider's stock after buying an additional 6,043 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in ManpowerGroup were worth $447,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. WFA Asset Management Corp purchased a new stake in ManpowerGroup in the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. boosted its position in shares of 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 during the period. Blue Trust Inc. increased its stake in shares of ManpowerGroup by 147.9% in 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 in the last quarter. R Squared Ltd bought a new stake in shares of ManpowerGroup during the 4th quarter valued at $95,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of ManpowerGroup by 34.2% during 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 buying an additional 587 shares in the last quarter. Institutional investors own 98.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Barclays raised ManpowerGroup from an "underweight" rating to an "equal weight" rating and decreased their price target for the company from $55.00 to $50.00 in a report on Thursday. UBS Group lowered their price target on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday. JPMorgan Chase & Co. cut their price objective on shares of ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Finally, Truist Financial reissued 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. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $67.50.

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ManpowerGroup Price Performance

NYSE MAN traded up $0.27 during trading on Friday, hitting $51.02. 698,058 shares of the stock traded hands, compared to its average volume of 581,886. The firm has a 50-day simple moving average of $56.55 and a 200-day simple moving average of $60.49. ManpowerGroup Inc. has a 12-month low of $47.29 and a 12-month high of $78.87. The company has a quick ratio of 1.15, a current ratio of 1.12 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $2.38 billion, a P/E ratio of 17.06 and a beta of 1.28.

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.