Congress Wealth Management LLC DE Sells 11,130 Shares of ManpowerGroup Inc. (NYSE:MAN)

Congress Wealth Management LLC DE cut its stake in ManpowerGroup Inc. (NYSE:MAN - Free Report) by 62.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,680 shares of the business services provider's stock after selling 11,130 shares during the period. Congress Wealth Management LLC DE's holdings in ManpowerGroup were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. WFA Asset Management Corp bought a new position in ManpowerGroup in the 4th quarter worth approximately $35,000. SRS Capital Advisors Inc. raised its position in shares of ManpowerGroup by 171.3% during the fourth 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 last quarter. Blue Trust Inc. raised its position in shares of ManpowerGroup by 147.9% during the fourth 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 last quarter. R Squared Ltd acquired a new position in shares of ManpowerGroup during the fourth quarter valued at $95,000. Finally, PNC Financial Services Group Inc. boosted its holdings in ManpowerGroup by 34.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,301 shares of the business services provider's stock valued at $133,000 after acquiring an additional 587 shares during the last quarter. 98.03% of the stock is currently owned by institutional investors and hedge funds.

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ManpowerGroup Trading Down 6.8 %

NYSE:MAN traded down $4.00 during trading hours on Thursday, hitting $54.78. The stock had a trading volume of 1,378,792 shares, compared to its average volume of 568,382. The business's 50 day moving average is $58.03 and its 200-day moving average is $61.74. 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 company has a market cap of $2.56 billion, a price-to-earnings ratio of 18.32 and a beta of 1.43. ManpowerGroup Inc. has a one year low of $53.31 and a one year high of $78.87.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MAN shares. UBS Group cut their target price on shares of ManpowerGroup from $71.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Truist Financial restated a "hold" rating and issued a $70.00 price objective (down from $74.00) on shares of ManpowerGroup in a report on Friday, January 31st. Barclays lowered their target price on shares of ManpowerGroup from $70.00 to $55.00 and set an "underweight" rating for the company in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. cut their price target on ManpowerGroup from $67.00 to $65.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, ManpowerGroup presently has a consensus rating of "Hold" and an average target price of $69.33.

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.