ManpowerGroup Inc. (NYSE:MAN) Shares Sold by Capital World Investors

Capital World Investors trimmed its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 44.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 636,486 shares of the business services provider's stock after selling 516,029 shares during the period. Capital World Investors owned 1.36% of ManpowerGroup worth $36,738,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAN. WFA Asset Management Corp bought a new stake in shares of ManpowerGroup in the 4th quarter valued at approximately $35,000. SRS Capital Advisors Inc. boosted its holdings in 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 ManpowerGroup by 147.9% during the fourth quarter. Blue Trust Inc. now owns 1,304 shares of the business services provider's stock valued at $75,000 after purchasing an additional 778 shares during the last quarter. R Squared Ltd bought a new stake in shares of ManpowerGroup during the 4th quarter valued at about $95,000. Finally, PNC Financial Services Group Inc. raised its position 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 worth $133,000 after purchasing an additional 587 shares during the period. 98.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MAN has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of ManpowerGroup from $65.00 to $50.00 and set a "neutral" rating for the company 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 for the company in a research note on Monday, April 21st. Truist Financial dropped their price target on shares of ManpowerGroup from $55.00 to $48.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Barclays upgraded ManpowerGroup from an "underweight" rating to an "equal weight" rating and reduced their price objective for the stock from $55.00 to $50.00 in a research report on Thursday, April 10th. Finally, UBS Group lowered their target price on ManpowerGroup from $63.00 to $57.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $57.50.

ManpowerGroup Price Performance

Shares of NYSE:MAN traded up $0.61 during trading on Friday, reaching $42.49. The company had a trading volume of 853,838 shares, compared to its average volume of 615,930. ManpowerGroup Inc. has a twelve month low of $39.22 and a twelve month high of $78.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.15 and a current ratio of 1.12. The firm has a market capitalization of $1.99 billion, a PE ratio of 14.21 and a beta of 1.28. The firm's fifty day moving average is $54.17 and its 200 day moving average is $58.64.

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

ManpowerGroup Company 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.