ManpowerGroup Inc. (NYSE:MAN) Stock Holdings Decreased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co trimmed its holdings in shares of ManpowerGroup Inc. (NYSE:MAN - Free Report) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,229 shares of the business services provider's stock after selling 7,900 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.12% of ManpowerGroup worth $3,129,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. WFA Asset Management Corp purchased a new stake in ManpowerGroup in the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. grew its stake in ManpowerGroup by 171.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 890 shares of the business services provider's stock worth $51,000 after acquiring an additional 562 shares during the period. Blue Trust Inc. grew its stake in ManpowerGroup by 147.9% in the 4th quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock worth $75,000 after acquiring an additional 778 shares during the period. R Squared Ltd purchased a new stake in ManpowerGroup in the 4th quarter worth approximately $95,000. Finally, PNC Financial Services Group Inc. grew its stake in 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 worth $133,000 after acquiring an additional 587 shares during the period. 98.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on MAN shares. Barclays upgraded shares of 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, April 10th. UBS Group reduced their target price on shares of ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Truist Financial reduced their target price on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a report on Monday, April 21st. BMO Capital Markets reduced their target price on shares of ManpowerGroup from $54.00 to $48.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating on the stock in a report on Monday, April 21st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, ManpowerGroup has an average rating of "Hold" and an average price target of $57.50.

ManpowerGroup Stock Up 0.5 %

MAN stock traded up $0.21 during trading on Tuesday, reaching $42.51. The stock had a trading volume of 1,253,382 shares, compared to its average volume of 620,726. ManpowerGroup Inc. has a 1-year low of $39.22 and a 1-year high of $78.87. 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 company has a market capitalization of $1.99 billion, a P/E ratio of 14.22 and a beta of 1.28. The firm has a fifty day moving average price of $53.92 and a 200 day moving average price of $58.28.

ManpowerGroup (NYSE:MAN - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $698.30 million during the quarter, compared to analyst estimates of $3.94 billion. ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. During the same quarter in the prior year, the firm earned $0.94 EPS. On average, equities analysts anticipate that ManpowerGroup Inc. will post 4.23 earnings per share for the current year.

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.