Bank of Montreal Can Has $471,000 Stock Position in ManpowerGroup Inc. (NYSE:MAN)

Bank of Montreal Can reduced its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 77.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,152 shares of the business services provider's stock after selling 28,176 shares during the quarter. Bank of Montreal Can's holdings in ManpowerGroup were worth $471,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of MAN. Merit Financial Group LLC bought a new position in ManpowerGroup in the fourth quarter valued at approximately $241,000. Sanctuary Advisors LLC lifted its stake in ManpowerGroup by 39.8% in the third quarter. Sanctuary Advisors LLC now owns 7,754 shares of the business services provider's stock valued at $570,000 after buying an additional 2,208 shares during the period. AlphaQuest LLC boosted its holdings in ManpowerGroup by 4,364.3% during the fourth quarter. AlphaQuest LLC now owns 27,991 shares of the business services provider's stock worth $1,616,000 after buying an additional 27,364 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of ManpowerGroup by 34.5% in the 4th quarter. Bank of New York Mellon Corp now owns 748,246 shares of the business services provider's stock valued at $43,189,000 after acquiring an additional 191,901 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of ManpowerGroup by 1.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 162,534 shares of the business services provider's stock valued at $11,950,000 after acquiring an additional 1,999 shares during the period. Institutional investors and hedge funds own 98.03% of the company's stock.

ManpowerGroup Stock Performance

MAN stock traded down $0.37 during mid-day trading on Thursday, hitting $41.90. 1,335,599 shares of the company were exchanged, compared to its average volume of 612,731. ManpowerGroup Inc. has a 1-year low of $39.22 and a 1-year high of $78.87. The business has a 50 day simple moving average of $54.68 and a 200-day simple moving average of $59.04. The company has a current ratio of 1.12, a quick ratio of 1.15 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $1.96 billion, a PE ratio of 14.01 and a beta of 1.28.

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

Wall Street Analyst Weigh In

MAN has been the subject of a number of recent analyst reports. Barclays upgraded shares of ManpowerGroup from an "underweight" rating to an "equal weight" rating and lowered their price objective for the company from $55.00 to $50.00 in a research report on Thursday, April 10th. UBS Group decreased their price objective on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. JPMorgan Chase & Co. cut their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a research note on Monday. Truist Financial lowered their price objective on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating for the company in a research report on Monday. Finally, BMO Capital Markets reduced their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating for the company in a research note on Monday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, ManpowerGroup has a consensus rating of "Hold" and a consensus target price of $57.50.

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.