Cerity Partners LLC Grows Position in ManpowerGroup Inc. (NYSE:MAN)

Cerity Partners LLC lifted its position in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 139.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,988 shares of the business services provider's stock after buying an additional 18,070 shares during the period. Cerity Partners LLC owned about 0.07% of ManpowerGroup worth $1,814,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd grew its position in ManpowerGroup by 354.8% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 7,746 shares of the business services provider's stock valued at $447,000 after buying an additional 6,043 shares during the period. Russell Investments Group Ltd. lifted its position in shares of ManpowerGroup by 37.6% in the fourth quarter. Russell Investments Group Ltd. now owns 146,661 shares of the business services provider's stock valued at $8,464,000 after acquiring an additional 40,084 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of ManpowerGroup by 26.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,850 shares of the business services provider's stock valued at $569,000 after acquiring an additional 2,040 shares in the last quarter. Foundry Partners LLC boosted its stake in shares of ManpowerGroup by 17.9% in the fourth quarter. Foundry Partners LLC now owns 68,082 shares of the business services provider's stock worth $3,930,000 after acquiring an additional 10,351 shares during the period. Finally, Bryce Point Capital LLC purchased a new stake in shares of ManpowerGroup during the fourth quarter worth about $1,501,000. Hedge funds and other institutional investors own 98.03% of the company's stock.

Analyst Ratings Changes

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

ManpowerGroup Price Performance

ManpowerGroup stock traded up $2.90 during mid-day trading on Tuesday, reaching $42.87. 1,553,415 shares of the company's stock traded hands, compared to its average volume of 605,230. The stock has a 50 day moving average of $54.94 and a two-hundred day moving average of $59.16. ManpowerGroup Inc. has a 12-month low of $39.22 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 cap of $2.00 billion, a price-to-earnings ratio of 14.34 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 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.08). ManpowerGroup had a return on equity of 10.19% and a net margin of 0.81%. The company had revenue of $698.30 million during the quarter, compared to analysts' expectations of $3.94 billion. During the same quarter in the prior year, the business posted $0.94 EPS. Equities analysts forecast 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.